• Semtech average return on tangible equity for 2023 was 51.69, a 37.66% increase from 2022.
• Semtech average return on tangible equity for 2022 was 37.55, a 50.26% increase from 2021.
• Semtech average return on tangible equity for 2021 was 24.99, a 103.17% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.