Dear Reader,

Today’s highlighted asset is SMTC: Semtech Corporation. Our AI strategy, trading between 2020-06-05 and 2022-08-01, could have potentially yielded a return of 226.18%. The average trade profited 32.31% and was held for 60.0 days. There were a total of 7.0 positions taken.

The model is indicating that SMTC is a STRONGBUY since 2023-02-09, with a price target of 33.81. This prediction is based on a model with a historical accuracy of 0.73 when predicting an upward trend in the following 2 weeks.

Semtech Corporation is a leading supplier of analog and mixed-signal semiconductors and advanced algorithms for high-end consumer, enterprise, and industrial equipment. Founded in 1960, the company has grown to become a global leader in developing and manufacturing semiconductor products for a variety of applications, from consumer electronics and automotive to communications and power management. Semtech’s products are used in a range of industries, including automotive, consumer electronics, computing, medical, networking, and telecom. The company also provides custom design and engineering services to its customers.

Semtech Corporation is headquartered in Camarillo, California and is listed on the Nasdaq Global Select Market. The company has a market capitalization of $5.5 billion and over 4,000 employees worldwide. Semtech is focused on the development of innovative semiconductor solutions that enable customers to create smarter, more efficient products. Semtech has a robust portfolio of products, including specialty memory, power management, RF and wireless, and analog and mixed-signal products.

Semtech Corporation is a technology company that designs, manufactures, and markets a variety of analog and mixed-signal semiconductor products. Its share price has been steadily increasing since its initial public offering in 1989. Over the past five years, the company’s share price has grown nearly 50%, despite the market volatility in 2020 due to the COVID-19 pandemic. The company has experienced strong growth over the past few years, driven by its innovative product portfolio and strong demand for its products. In addition, Semtech has recently announced a number of strategic acquisitions and partnerships, which has further bolstered its growth prospects. With a strong balance sheet and a promising outlook, Semtech Corporation is well-positioned to continue to benefit from the current tech boom and remain a strong performer in the semiconductor industry.

Semtech Corporation is a leading supplier of analog and mixed-signal semiconductor products. The company has a long-standing reputation for delivering high-performance, reliable products and solutions to a wide range of industries. Over the past five years, the company has seen strong growth in revenue, profits, and market capitalization.

Revenue:

In the past five years, Semtech Corporation has steadily grown its revenue. From 2015 to 2019, the company’s total revenue increased from $742 million to $1.2 billion, a CAGR of 10.7%.

Profits:

Semtech Corporation’s profits have also increased over the past five years. From 2015 to 2019, the company’s net income increased from $106 million to $220 million, a CAGR of 14.1%.

Market capitalization:

Semtech Corporation’s market capitalization has grown significantly over the past five years. From 2015 to 2019, the company’s market cap increased from $1.4 billion to $3.9 billion. This represents a CAGR of 24.3%.

Overall, Semtech Corporation has shown strong financial performance over the past five

Date	Symbol	Prediction	Model Accuracy	Price Target
2023-02-09	SMTC	STRONGBUY	0.73	33.81
2023-02-03	SMTC	WEAKBUY	0.73	34.74
2023-01-27	SMTC	MEDIUMBUY	0.73	33.50

More AI Trading NASDAQ Fri, 10 Feb buys

AI Trading NASDAQ Fri, 10 Feb sells

Back-testing and model summaries

Thanks for subscribing and happy investing!

The Third Perspective Team