The Altium Limited (ASX: ALU) share price will be one to watch on Tuesday morning following the release of the printed circuit board (PCB) design software provider’s full year results after the market close..

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This year, I witnessed an impressive natural event that I had never experienced before in all my life as a native Californian. The painted lady butterfly migration starts from the southeastern deserts of California heading northwest to Oregon, Washington, and further north into Alaska. While that distance covered by a butterfly with a wingspan of 2–3 inches is amazing, what was so impressive was the sheer number of them. This year’s migration represented one billion butterflies, all striving to survive the long journey north. Throughout California, one could simply step outside to witness the most elegant stream of butterflies, one after the other, for days on end.

What does a butterfly migration have to do with transferring intelligent PCB data from design through the…

Historically, design-for-manufacturability (DFM) checks have taken place during the fabrication process and have typically been performed by PCB manufacturing engineers or fab houses utilizing DFM-specific analysis software. The typical PCB designer would only run their own built-in prefabrication DRC and integrity checks prior to sending out for manufacturing and wait to hear back from the fabricator if issues were encountered.

Today, DFM analysis allows you to identify and correct potential fabrication and assembly issues in the design database before they hit the production floor. Without DFM, you leave changes in the manufacturer’s hands, where the focus is on increasing yield, not on the electrical performance of the final product.

In this webinar by Mentor, a…

Summary

• Internet of Things and the explosion of PCBs in devices has helped drive Altium's (ALMFF) revenue growth to better than 20% p.a.
• Altium Designer continues to grow market share and subscriptions taking marketshare from competitors like SIEGY, CDNS and ZUKNF.
• Altium's margins are increasing to almost 40% despite the company investing in new business units like Octoparts, Tasking and Nexus.
• A PE of 84 has stretched the valuation too far and a PEG ratio in the 1.6-1.8 is not close enough to our preferred level of 1.
• Our recommendation is to wait for a 10-20% pull-back which would be around $30 Australian per share.

Introduction

Our Global Technology Growth Star…

In October 2019, the third and largest AltiumLive: Annual PCB Design Summit will be held in San Diego (October 9-11) and Frankfurt (October 21-23). When we first began AltiumLive, we had a simple vision: to help PCB design engineers Learn, Connect, and Get Inspired. So, we built an AltiumLive community which included industry experts, PCB design engineers, supply chain professionals, students, and inspiring innovators that are altering the landscape of our world. And just because we thought it would be fun--we threw in an epic robot build-and-battle! Would this vision resonate with design engineers and the industry? Only time would tell when we launched the first AltiumLive in October 2017.

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