Adrian Johnson
TLDR:
- Foxsemicon Integrated Technology Inc. (TWSE:3413) beat EPS by 7.9% in their latest yearly results
- Analysts have increased their price target by 19% to NT$251 per share
It’s been a positive week for Foxsemicon Integrated Technology Inc. as they surprised analysts by delivering a statutory profit of NT$20.48 per share, exceeding expectations. This led to an increase in optimism about the company’s future, with upgrades in earnings per share forecasts. The current consensus from analysts is for revenues to grow by 12% in 2024. While Foxsemicon Integrated Technology is expected to maintain its revenue growth rate in line with industry standards, there’s a clear improvement in sentiment regarding the company’s earnings potential. Analysts have also upgraded the price target, indicating a positive outlook for the business.
In the long term, the prospects of Foxsemicon Integrated Technology look promising, with analysts providing forecasts up to 2025. It’s important to consider the overall valuation and potential risks associated with the company before making any investment decisions. The article emphasizes the need for a comprehensive analysis to determine if Foxsemicon Integrated Technology is potentially over or undervalued.
