Latest news with #Advantest
Yahoo
7 hours ago
- Business
- Yahoo
Bernstein weighs in on the path ahead for Japanese semiconductor equipment stocks
- Japanese semiconductor production equipment names have risen rapidly over the past month, driven in part by increased demand from artificial intelligence chipmakers for testers of the technology, according to analysts at Bernstein. In a note to clients, the analysts led by David Dai highlighted several of these firms that have seen their share prices rally in recent weeks. Advantest (TYO:6857), a manufacturer of automatic chip testing gear, has been one particular beneficiary, with the stock spiking on expectations for higher demand from firms like Nvidia (NASDAQ:NVDA) and TSMC, the strategists said. However, they suggested that investors "take profit now," arguing that revenue in the years to come at the company is "unlikely to present much growth year-over-year due to capacity build out this year." Advantest shares are also richly valued, they flagged, adding that many projections for tester demand "that's been floating around are likely misleading, as they may have confused the old and new testers." Other backend Japanese chip equipment makers have also seen their shares rise, although small cap firms "may still have upside," the analysts said. They especially like Disco (OTC:DSCSY) Corporation (TYO:6146), a precision tools manufacturer, highlighting the business's "long term growth prospects," including drivers such as "backside power, NAND stacking, and Apple (NASDAQ:AAPL) WMCM packaging." But front end equipment makers provide a "better opportunity" for investors, the Bernstein analysts said. "We continue to like Kokusai (TYO:7722) and Tokyo Electron (TYO:8035) for the growth in memory and China equipment demand. Our recent China WFE tracker suggests strong China WFE demand continues this year," they wrote. "The recent potential restriction on foreign fabs in China would be additional reason to buy Japan front end equipment." The strategists gave Advantest a "market-perform" rating, while Disco, Kokusai and Tokyo Electron were rated as "outperform." Related articles Bernstein weighs in on the path ahead for Japanese semiconductor equipment stocks UBS examines how this year's hurricane season could impact European reinsurers AI growth brings new tests for semi-test duopoly 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
Business Recorder
2 days ago
- Business
- Business Recorder
Nikkei rises to 5-month high
TOKYO: Japan's Nikkei share average touched its highest in almost five months on Thursday, as a period of calm in the Middle East encouraged investors to buy back riskier assets, particularly chip and other high-tech shares. The Nikkei climbed 1.7% to 39,584.58 at the close and reached 39,615.59 at its highest point during the session, a level last seen on January 31. Artificial intelligence-linked stocks stood out, with startup investor SoftBank Group climbing 5.5% and chip-testing equipment maker Advantest advancing 5.0%. By contrast, the broader and less tech-heavy Topix rose 0.8%. A sub-index of growth shares gained 0.9%, outpacing a 0.8% increase in value shares. Markets globally have been soothed by the ceasefire between Israel and Iran this week, which reduced the risk of disruptions to global oil supply. Japan imports virtually all of its crude, and energy-intensive manufacturing is a key national industry. 'Growth shares, particularly semiconductor-related stocks, are benefitting from the improvement in risk sentiment,' said Maki Sawada, a strategist at Nomura Securities.
Business Standard
3 days ago
- Automotive
- Business Standard
Nikkei ends up 1.65% led by tech stocks
Japanese stocks bucked the weak regional trend as tech stocks surged fueled by Nvidia's record high close overnight amid positive sentiment around AI adoption. The Nikkei average closed up 1.65 percent at 39,584.58, after having hit 39,615.59 in intraday trading, a level last seen on January 31. The broader Topix index settled 0.81 percent higher at 2,804.69. Advantest, Tokyo Electron and SoftBank Group surged 4-6 percent. Automakers ended mostly lower as Japan's top trade negotiator Ryosei Akazawa reiterated that U.S. auto tariffs are unacceptable and it is in the national interest to protect the auto industry.
The Mainichi
3 days ago
- Business
- The Mainichi
Nikkei stock index ends at 5-month high on firm chip shares
TOKYO (Kyodo) -- Tokyo stocks climbed Thursday for a third straight day, with the Nikkei index ending at a five-month high, boosted by semiconductor-related shares amid hopes for robust demand for artificial intelligence. The 225-issue Nikkei Stock Average ended up 642.51 points, or 1.65 percent, from Wednesday at 39,584.58, its highest level since Jan. 24. The broader Topix index finished 22.45 points, or 0.81 percent, higher at 2,804.69. On the top-tier Prime Market, gainers were led by nonferrous metal, electric power and gas and insurance issues. The U.S. dollar weakened to around the 144 yen line in Tokyo after a report that U.S. President Donald Trump, seeking a cut in interest rates, is considering to name his candidate to succeed Federal Reserve Chair Jerome Powell early. On the stock market, heavyweight semiconductor issues drew buying tracking an overnight advance of the tech-heavy U.S. Nasdaq index, with Japanese chip testing equipment maker Advantest soaring to a record high. Their recent advances came after sluggish performance due to concerns about U.S. restrictions of chip-related exports to China. "Considering their share price levels in the first half of last year, there is still room for chip stocks to rebound further," said Yuta Okamoto, market analyst at Tokai Tokyo Intelligence Laboratory Co. Meanwhile, some automaker shares were sold amid receding hopes for progress in U.S.-Japan tariff negotiations, brokers said.
New Straits Times
3 days ago
- Business
- New Straits Times
Nikkei rises to 5-month high as Middle East calm boosts tech shares
TOKYO: Japan's Nikkei share average touched its highest in almost five months on Thursday, as a period of calm in the Middle East encouraged investors to buy back riskier assets, particularly chip and other high-tech shares. The Nikkei climbed 1.7 per cent to 39,584.58 at the close and reached 39,615.59 at its highest point during the session, a level last seen on January 31. Artificial intelligence-linked stocks stood out, with startup investor SoftBank Group climbing 5.5 per cent and chip-testing equipment maker Advantest advancing 5.0 per cent. By contrast, the broader and less tech-heavy Topix rose 0.8 per cent. A sub-index of growth shares gained 0.9 per cent, outpacing a 0.8 per cent increase in value shares. Markets globally have been soothed by the ceasefire between Israel and Iran this week, which reduced the risk of disruptions to global oil supply. Japan imports virtually all of its crude, and energy-intensive manufacturing is a key national industry. "Growth shares, particularly semiconductor-related stocks, are benefitting from the improvement in risk sentiment," said Maki Sawada, a strategist at Nomura Securities. The AI boom narrative is still intact, she said, adding that investors are rotating into tech from defensive sectors. Food and pharmaceuticals were among the few Topix industry groups to decline on the day, although losses were mild. The Nikkei's worst-performing stock, however, was chipmaker Renesas, which tumbled 12 per cent on signs it would push back long-term targets by five years to 2035 at an investor presentation later in the day. The best performer was industrial machinery maker Ebara , which soared close to 10 per cent after Tokai Tokyo Intelligence Laboratory reiterated its outperform rating on the stock.
