Hot Tech Stocks To Invest In 2023

Arihant Capital’s research report on Larsen and Toubro Technology Services

LTTS is investing and scaling in its 6 key industry bets: 1) Electric/Automation connected vehicles 2) MedTech 3) 5G 4) AI & Digital Products 5) Digital Manufacturing and 6) Sustainability. Management guided revenue run-rate of USD 1.5 Bn by FY25. They also guided LTM run rate of USD 1Bn by Q2/Q3 FY23. Guidance includes organic as well as effect from potential acquisitions. The company mentioned that they are open for potential acquisitions (~USD 20-100m in size) given their healthy cash balance of (~USD 200m cash) Strong guidance is driven by large deal wins (23 large deals (>$5mn) won in last 4 quarters), robust pipeline (51 large deals in pipeline), strong digital engineering demand tailwinds and ability to consistently increase market share (as share of offshore spending improves) •The company guided operating margins to gradually increase to 18% by FY25 (17.3% in Q1FY22 and 14.5% in FY21) on back of favourable operating metrics such as utilization and offshore mix and scope for margin improvement in Telecom and Hi-tech vertical, which have seen subdued margins for some time.

Hot Tech Stocks To Invest In 2023: Ambarella, Inc.(AMBA)

Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The company’s system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption. Its solutions enable the creation of video content for wearable sports cameras, automotive aftermarket cameras, and professional and consumer Internet Protocol (IP) security cameras, as well as cameras incorporated into unmanned aerial vehicles in the camera market; and manage IP video traffic, broadcast encoding and transcoding, and IP video delivery applications in the infrastructure market. The company sells its solutions to original design manufacturers and original equipment manufacturers through its direct sales force and logistics providers. Ambarella, Inc. was founded in 2004 and is headquartered in Santa Clara, California.

Advisors’ Opinion:

  • [By Max Byerly]

    Media coverage about SigmaTron International (NASDAQ:SGMA) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SigmaTron International earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 47.5987310031013 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Hot Tech Stocks To Invest In 2023: Altair Engineering Inc.(ALTR)

Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. The company operates through two segments, Software and Client Engineering Services. Its software segment includes solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and IoT platform and analytics tools, as well as support and complementary software products. This segment also provides software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in marine, motorcycle, aerospace, chemical, and architecture industries; and software-related services, such as consulting, implementation, and training services focused on product design and development expertise and analysis from the component level up to complete product engineering at various stage of the lifecycle. The Client Engineering Services segment offers client engineering services. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. Altair Engineering Inc. was founded in 1985 and is headquartered in Troy, Michigan.

Advisors’ Opinion:

  • [By Motley Fool Transcribers]

    Altair Engineering Inc.  (NASDAQ:ALTR)Q4 2018 Earnings Conference CallFeb. 28, 2019, 4:30 p.m. ET

    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:


  • [By Shane Hupp]

    Altair Engineering Inc (NASDAQ:ALTR) has received a consensus recommendation of “Buy” from the nine research firms that are currently covering the stock, reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $38.29.

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