[Featured Stock] "Growth Despite Weak Shipping Market"… ISC Up 5.98%

Despite the sluggish semiconductor market outlook, ISC's stock price showed strength on the 12th due to growth potential, including the supply prospects of application-specific integrated circuits (ASICs).

As of 9:05 a.m. that day, ISC was trading at 51,400 KRW, up 2,900 KRW (5.98%) from the previous trading day.

NH Investment & Securities lowered ISC's target price to 68,000 KRW on the same day but maintained a buy rating. Researchers So-Young Moon and Young-Ho Ryu from NH Investment & Securities stated, "Although negative news related to major clients has emerged, the impact on ISC's performance is expected to be limited until the first half of next year. Considering the increasing shipments of server accelerators by clients and ISC's ongoing quality testing of ASIC test sockets for North American cloud service providers (CSPs), the growth story remains valid."

They added, "If the quality testing of ASIC products is successfully completed, it will provide additional momentum to next year's performance, which is expected to see expanded adoption of ASICs. ISC maintains a high market share in supplying major clients and has also launched test sockets for ASICs (WiDER Coax) this year," they emphasized.