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Ardentec Receives 'Buy' Rating from Daiwa with Target Price of NT$340
Electronic Technology · Semiconductors · economic_daily · 2026-09-10
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Ardentec's successful pivot into AI and HPC wafer testing has earned it a 'Buy' rating from Daiwa, with a target price of NT$340 and strong growth outlook.
What Happened
Analyst Coverage: Ardentec has received an initial 'Buy' rating from Daiwa Capital Markets, driven by its successful transition into the AI and high-performance computing (HPC) wafer testing sectors. Analysts have set a target price of NT$340, reflecting confidence in the company's strategic shift.
Growth Outlook: Daiwa projects a 35% compound annual growth rate (CAGR) for Ardentec's revenue between 2025 and 2028, with gross margins expected to reach 45% by 2028. The completion of the Longtan facility, combined with higher-than-expected contributions from ASIC and CPO businesses, serves as a key growth catalyst.
Earnings Projections: The company is expected to earn NT$10.5 per share this year, with earnings projected to climb to NT$14.8 in 2027 and NT$19.56 in 2028. These robust earnings forecasts suggest a potential upside of over 40% from current price levels.
Market Performance: Shares of Ardentec surged 3% on the 10th following the positive analyst report. Strong buying interest underscores investor optimism regarding the company's leadership position in the AI wafer testing market.