Nordic Semiconductor is a semiconductor supplier for ultra-low power communication electronics. Its target markets; IoT, smart-home and short range communication, are interesting for future growth.

Current valuation is relative high, 35x PE TTM, as earnings declined with 65% in 2023. The share price has not fully adjusted and I expect a further decline. A company to keep on the watch-list for 2024 as semi-conductor/IOT investment when the valuation becomes more attractive.