Company Information
Altium Limited (ASX: ALU)
“Altium Limited is an international software company that specializes in developing tools for electronic product design. The company’s offerings consist of a range of computer software solutions for the design of electronic products, particularly in the area of 3D printed circuit board (PCB) and embedded system design. It has two main business segments: Design Software and Cloud Platform.
The Design Software segment covers their PCB operations across the Americas, Europe, Middle East, Africa (EMEA), China, and the Asia-Pacific region and includes other products that are sold through its partner channels. The Cloud Platform segment comprises Nexar, Octopart, and manufacturing divisions.
Altium’s product portfolio includes various software tools like ACTIVEBOM, ActiveRoute, Altium 365, Altium Concord Pro, Altium Designer, and several others that serve different aspects of electronic design and manufacturing. The company was founded in 1987 and has 791 employees.
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Financially, Altium has seen growth, with revenues rising by 19.24% from AUD 220.81 million to AUD 263.29 million, and net income increasing by 19.88% from AUD 55.35 million to AUD 66.35 million. The company is listed on the Australian Securities Exchange under the ticker ALU and recently completed the acquisition of Valispace GmbH on February 26, 2024.”
Altium Limited (ASX: ALU) Live Chart
Altium Limited (ASX: ALU) Forecast
The consensus among nine Wall Street analysts who have issued 12-month price targets for Altium is that the stock is expected to reach an average price of AU$66.98. Predictions range, with the highest estimate coming in at AU$68.50 and the lowest at AU$56.60. This average target suggests a marginal increase of 1.03% from Altium’s last traded price of AU$66.30.
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