Bullish Case: Recent technological advancements and successful deployment of LoRa technology for IoT applications, partnership with Kairos and OxIT, recognition by an analyst as an underappreciated AI optical [uk.investing.com, eenewseurope.com, sdxcentral.com, sfvbj.com] boost the bullish case.


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Bearish Case: Unsteady share performance over the past two years [Helium], a high acquisition expense of Sierra Wireless [seekingalpha.com], and the reduction of shares from Principal Financial Group Inc. and Swiss National Bank [marketbeat.com, marketbeat.com] form the bearish case.


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Takeaway: Investors need to carefully watch the upcoming earnings report and impact of Sierra's acquisition. Technological advancements, partnerships, and the expanding IoT market all play pivotal roles in Semtech's future [uk.investing.com, eenewseurope.com, sdxcentral.com, sfvbj.com, digitaljournal.com].


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Potential Outcomes:

1. (50%) Stock appreciation driven by anticipated growth in the LoRa Gateway Market [digitaljournal.com] and the recent partnership with Kairos and Oxit [eenewseurope.com, sdxcentral.com, sfvbj.com] (source: my bullish assessment).

2. (35%) Continuation of stock decline due to lingering high short interest, expensive Sierra acquisition cost, and historical share performance [seekingalpha.com, seekingalpha.com] (source: my bearish assessment).

3. (15%) Flat trade in case of an uneventful earnings report alongside a relative equilibrium between bearish and bullish cases [Helium, Helium].


September 21, 2023


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