[Featured Stock] Hanmi Semiconductor Declines Following 43% Target Price Cut

Hanmi Semiconductor is on a downward trend after significantly lowering its target price.

As of 11:29 AM on the 21st, Hanmi Semiconductor is trading at 103,100 KRW, down 1.06% (1,000 KRW) from the previous trading day.

On the 18th, Hyundai Motor Securities lowered Hanmi Semiconductor's target price by 43%, from 300,000 KRW to 170,000 KRW. Minjung Kwak, a researcher at Hyundai Motor Securities, analyzed, "In the fourth quarter of this year, due to a temporary design change from HBM3E8 12-layer to 12-layer, the launch plan has been adjusted, resulting in the delivery of bonding equipment to customers being deferred to the first quarter of next year, which is expected to cause a decline in sales."

However, considering the high demand for Dual TCB from major overseas customers, it was emphasized that annual growth is expected to be maintained.

Researcher Kwak released an additional report following the sharp stock price drop on the 18th, stating that the operating profit margin for the third quarter of this year is understood to be higher than the announced operating profit margin, and "Dual TCB orders will continue to increase in 2025 due to the expansion of HBM capacity."