Analysts Offer Insights on Technology Companies: Silex Systems Limited (OtherSILXF) and Panasonic (OtherPCRFF)
Protect Your Portfolio Against Market Uncertainty
Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Silex Systems Limited (SILXF)
Canaccord Genuity analyst James Bullen maintained a Buy rating on Silex Systems Limited on May 6 and set a price target of A$6.46. The company's shares closed last Friday at $1.93.
According to TipRanks.com, Bullen is a 1-star analyst with an average return of -3.8% and a 39.7% success rate. Bullen covers the NA sector, focusing on stocks such as Deep Yellow Limited, Paladin Energy Ltd, and Amplitude Energy.
Currently, the analyst consensus on Silex Systems Limited is a Moderate Buy with an average price target of $4.16, an 110.1% upside from current levels. In a report issued on May 7, Shaw and Partners also maintained a Buy rating on the stock with a A$6.50 price target.
Panasonic (PCRFF)
Jefferies analyst Atul Goyal maintained a Buy rating on Panasonic today and set a price target of Yen2193.00. The company's shares closed last Friday at $12.32, close to its 52-week high of $12.76.
Panasonic has an analyst consensus of Strong Buy, with a price target consensus of $15.76.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fast Company
2 days ago
- Fast Company
Panasonic announces new CEO, a former Boeing executive
TECH Kenneth William Sain will be Panasonic's president and chief executive, effective April 2026. FILE – A businessman walks past a corporate logo of Japanese electronics maker Panasonic Corp. at Panasonic Center in Tokyo, Japan, Sept. 10, 2009. [Photo: Shizuo Kambayashi, File/AP Photo] BY Listen to this Article More info 0:00 / 2:13 Japanese electronics and technology company Panasonic has chosen a new chief executive after eking out a 1.2% rise in its first quarter profit. Kenneth William Sain, a former Boeing executive, will replace Yasuyuki Higuchi as Panasonic's president and chief executive in April 2026, the company said Wednesday. Sain joined Panasonic in 2019 as CEO of Panasonic Avionics. 'Ken is an exceptional leader with extensive global experience and a deep understanding of business and technology,' Higuchi said in a statement. Panasonic Holdings Corp.'s April-June profit totaled 71.46 billion yen ($483 million), up from 70.6 billion yen. Its quarterly sales declined 10.6% from last year to 1.9 trillion yen ($12.8 billion). The Osaka-based maker of home appliances, solar panels and batteries for Tesla vehicles kept its full year profit forecast unchanged at 310 billion yen ($2.1 billion), down 15% from the previous year. Panasonic said the impact from U.S. President Donald Trump's tariffs was not yet fully factored in. The company said it will try to minimize the effect on its operating profit with cost cuts and other measures. Consumer electronics sales were strong in Japan, Panasonic said, while they were also healthy in China, supported by subsidies. On the positive side, it said demand for AI servers and air-conditioners was expected to grow. But concerns remain about slowing demand for electric vehicles because of U.S. tariffs and the ending of tax credits. Panasonic also said it's planning to get rolling later this year its new lithium-ion battery factory in Kansas, whose start has been delayed. Panasonic said in May that it was slashing its global workforce by 10,000 people, half in Japan and half overseas, to become 'lean.' The job cuts amount to about 4% of its workforce. Yuri Kageyama is on Threads: —Yuri Kageyama, AP Business Writer The early-rate deadline for Fast Company's Most Innovative Companies Awards is Friday, September 5, at 11:59 p.m. PT. Apply today. Sign up for our weekly tech digest. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Privacy Policy Explore Topics CEO japan Panasonic
2 days ago
Japan's Panasonic announces a new chief at its group company as its profits barely hold up
TOKYO -- Japanese electronics and technology company Panasonic has chosen a new chief executive at a group company after eking out a 1.2% rise in its first-quarter profit. Kenneth William Sain, a former Boeing executive, will replace Yasuyuki Higuchi as Panasonic Connect's president and chief executive in April 2026, the company said Wednesday. Panasonic Connect offers solutions and products for various supply chains, public services, infrastructure and entertainment sectors. Sain joined Panasonic in 2019 as CEO of Panasonic Avionics. 'Ken is an exceptional leader with extensive global experience and a deep understanding of business and technology,' Higuchi said in a statement. Panasonic Holdings Corp.'s April-June profit totaled 71.46 billion yen ($483 million), up from 70.6 billion yen. Its quarterly sales declined 10.6% from last year to 1.9 trillion yen ($12.8 billion). The Osaka-based maker of home appliances, solar panels and batteries for Tesla vehicles kept its full year profit forecast unchanged at 310 billion yen ($2.1 billion), down 15% from the previous year. Panasonic said the impact from U.S. President Donald Trump's tariffs was not yet fully factored in. The company said it will try to minimize the effect on its operating profit with cost cuts and other measures. Consumer electronics sales were strong in Japan, Panasonic said, while they were also healthy in China, supported by subsidies. On the positive side, it said demand for AI servers and air-conditioners was expected to grow. But concerns remain about slowing demand for electric vehicles because of U.S. tariffs and the ending of tax credits. Panasonic also said it's planning to get its new lithium-ion battery factory in Kansas fully operational later this year, after a delayed start. Panasonic said in May that it was slashing its global workforce by 10,000 people , half in Japan and half overseas, to become 'lean.' The job cuts amount to about 4% of its workforce.
Yahoo
2 days ago
- Yahoo
Panasonic Energy Q1 profit grows 47% year-on-year on AI boom
TOKYO (Reuters) -Panasonic on Wednesday said first-quarter operating profit at its battery-making unit grew 47% as an AI investment boom offset the negative impact of U.S. tariffs and the termination of electric vehicle tax credits. Profit at the unit, which makes batteries for Tesla and other EV makers, rose to 31.9 billion yen ($215.6 million). Concerns remain over a further slowdown in EV demand due to U.S. tariff policies and the termination of the IRA 30D tax credit, Panasonic said in a presentation slide, but noted that demand for energy storage systems for data centres is "growing more than anticipated". For the full-year ending in March 2026, the company maintained its operating profit forecast for the energy unit of 167 billion yen. However, Panasonic Group Chief Financial Officer Akira Waniko said on a conference call that it "seems inevitable" that its projection of 46 gigawatt hours (GWh) for EV battery sales in North America for the fiscal 2025/26 year will be downscaled. It should at least surpass fiscal 2024/25's 38.1 GWh, Waniko added. Panasonic Holdings said in May it would cut 10,000 staff and expected to book restructuring costs of 130 billion yen as part of a push to improve group profitability. The electronics manufacturer said at the time it did not expect to book any restructuring costs in its energy business. Last week, Panasonic Energy's major customer Tesla warned of fallout from the U.S. government's legislation to cut a $7,500 tax credit for EV buyers. Panasonic Energy operates a plant in the U.S. state of Nevada that provides batteries to Tesla and earlier this month started production at its second U.S. plant, in Kansas. It also makes energy storage systems for data centres in its consumer business, which in the April-June quarter saw a rapid rise in demand owing to massive AI-related investments, the company said. But both auto batteries and consumer energy storage systems would see a certain impact from U.S. President Donald Trump's tariffs, it said, adding it would offset additional tariff costs by price revisions. Panasonic Energy is investing in new battery technologies as it competes with Chinese and South Korean rivals such as CATL and LG Energy Solution (LGES) in the global EV supply chain. Last week, LGES warned of slowing demand by early next year due to U.S. tariffs and policy uncertainties after it reported a profit jump for the April-June period. ($1 = 147.9400 yen) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
