Hanmi Semiconductor's stock price, which recently underwent a correction after a short-term surge, is rebounding sharply. Amid the ongoing shortage of HBM supply, it is interpreted that investment demand is flowing in to take advantage of the price correction as a buying opportunity.
On the 2nd, in the stock market, Hanmi Semiconductor's stock price was trading at 144,000 KRW, up 9.59% from the previous day as of 10:20 AM. The stock started rising early in the session and continued to widen its gains throughout the morning.
Hanmi Semiconductor peaked at 153,200 KRW on the 12th and then corrected, falling to around 125,000 KRW on the 19th. Despite the price correction, institutional investors maintained net buying. The inflow of foreign net buying the previous day halted the correction and initiated a rebound.
BNK Investment & Securities raised Hanmi Semiconductor's target price from 70,000 KRW to 160,000 KRW the day before. Minhee Lee, a researcher at BNK Investment & Securities, stated, "The TC bonder made by Hanmi Semiconductor will be a key piece of equipment in the next-generation high-bandwidth memory (HBM) market," adding, "Recently, demand and volume have expanded as Micron has become a new customer."
He also said, "Demand for NVIDIA's graphics processing units (GPUs) remains strong, and HBM supply shortages continue," forecasting, "Global HBM production this year will increase more than threefold compared to last year."
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