Novatek Microelectronics (3034) Stock Overview
A fabless chip design company, designs, develops and sells a range of display driver integrated circuits (IC) and system-on-a-chip (SoC) solutions in Taiwan, Asia, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
3034 Community Fair Values
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Analyst Price Targets
Novatek Microelectronics Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NT$542.00 |
| 52 Week High | NT$606.00 |
| 52 Week Low | NT$352.00 |
| Beta | 0.76 |
| 1 Month Change | -0.37% |
| 3 Month Change | 8.84% |
| 1 Year Change | 23.18% |
| 3 Year Change | 37.22% |
| 5 Year Change | 6.48% |
| Change since IPO | 1,289.60% |
Recent News & Updates
Narrative Update • Jul 27
3034: Elevated Dividend Payout Will Constrain Future Earnings Power
Analysts have adjusted their price target for Novatek Microelectronics to NT$468.63 from NT$450.06, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. What’s in the News for Novatek Microelectronics The Board of Directors proposed a cash dividend of TWD 23 per common share, with a total distribution of TWD 13.995b and a payout ratio of 85.61%.
Narrative Update • Jul 13
3034: Rich Payout And Guidance Will Likely Cap Future Share Upside
Analysts have slightly raised their fair value estimate for Novatek Microelectronics from NT$300.00 to approximately NT$309.01, reflecting updated assumptions for revenue growth, profit margins, the discount rate, and future P/E levels. What’s in the News for Novatek Microelectronics The Board of Directors proposed a cash dividend of TWD 23 per common share, with a total proposed payout of TWD 13.995b and a payout ratio of 85.61% (Board proposal, Q1 2026).Narrative Update • Jun 29
3034: Rich Dividend Payout Will Tighten Margins And Pressure Future Returns
Analysts have lifted their price target for Novatek Microelectronics from NT$406.13 to NT$450.06, citing updated assumptions around revenue growth, profit margins and future P/E multiples that support a higher estimated fair value, despite a modestly higher discount rate. What’s in the News for Novatek Microelectronics Novatek Microelectronics announced a proposed cash dividend of TWD 23 per common share, totaling TWD 13.995b, with a payout ratio of 85.61%, according to board resolutions.Recent updates
Narrative Update • Jul 27
3034: Elevated Dividend Payout Will Constrain Future Earnings Power
Analysts have adjusted their price target for Novatek Microelectronics to NT$468.63 from NT$450.06, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. What’s in the News for Novatek Microelectronics The Board of Directors proposed a cash dividend of TWD 23 per common share, with a total distribution of TWD 13.995b and a payout ratio of 85.61%.Narrative Update • Jul 13
3034: Rich Payout And Guidance Will Likely Cap Future Share Upside
Analysts have slightly raised their fair value estimate for Novatek Microelectronics from NT$300.00 to approximately NT$309.01, reflecting updated assumptions for revenue growth, profit margins, the discount rate, and future P/E levels. What’s in the News for Novatek Microelectronics The Board of Directors proposed a cash dividend of TWD 23 per common share, with a total proposed payout of TWD 13.995b and a payout ratio of 85.61% (Board proposal, Q1 2026).Narrative Update • Jun 29
3034: Rich Dividend Payout Will Tighten Margins And Pressure Future Returns
Analysts have lifted their price target for Novatek Microelectronics from NT$406.13 to NT$450.06, citing updated assumptions around revenue growth, profit margins and future P/E multiples that support a higher estimated fair value, despite a modestly higher discount rate. What’s in the News for Novatek Microelectronics Novatek Microelectronics announced a proposed cash dividend of TWD 23 per common share, totaling TWD 13.995b, with a payout ratio of 85.61%, according to board resolutions.Narrative Update • Jun 15
3034: Higher Discount Rate Will Limit Upside Despite Solid Earnings Guidance
Analysts have kept their fair value estimate for Novatek Microelectronics steady at NT$300.00, citing largely unchanged assumptions for revenue growth, profit margin, and future P/E, along with a slightly higher discount rate. What's in the News Issued earnings guidance for Q2 2026, with projected revenue between TWD 27.5b and TWD 28.5b at an exchange rate of TWD 1 to TWD 31.3, and guidance for gross margin in the 38% to 41% range and operating margin around 16% to 19% (Key Developments).Narrative Update • Jun 01
3034: Higher Discount Rate And Rich P/E Will Restrain Future Upside
Analysts have kept their NT$300.00 price target for Novatek Microelectronics unchanged, citing updated assumptions that now point to positive revenue growth, a slightly higher profit margin of 17.05% and a lower future P/E of 13.10, partly offset by a higher discount rate. What's in the News Company issues earnings guidance for the second quarter of 2026, projecting revenue between TWD 27.5b and TWD 28.5b at an exchange rate of TWD 1 to TWD 31.3, with gross margin guidance in the 38% to 41% range and operating margin around 16% to 19%.
Narrative Update • May 14
3034: Higher Revenue Outlook And Margins Will Support Future Upside Potential
Analysts have revised their price target for Novatek Microelectronics to NT$604.53 from NT$516.15, reflecting updated assumptions on revenue growth, profit margins, discount rate, and future P/E levels. What's in the News Board meeting scheduled for May 05, 2026, to review and approve Q1 2026 consolidated financial statements and address other specified matters (Key Developments).Narrative Update • Apr 27
3034: 2026 Guidance And Higher P/E Multiple Will Support Upside Potential
Analysts have adjusted their price target for Novatek Microelectronics from NT$495.15 to NT$516.15. This reflects updated views on a slightly higher discount rate, more moderate revenue growth assumptions, slightly lower profit margin expectations, and a higher future P/E multiple.Narrative Update • Apr 13
3034: 2026 Revenue Guidance And Margins Will Support Upside Potential
Analysts have nudged their price target for Novatek Microelectronics slightly higher to NT$495.15, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News Board meeting scheduled for Mar 10, 2026, to review and consider the 2025 annual parent company only and consolidated financial statements (Key Developments).Narrative Update • Mar 30
3034: Unchanged Fair Value And 2026 Margin Band Will Limit Upside
Analysts have kept their NT$300.00 fair value estimate for Novatek Microelectronics broadly unchanged, citing slightly adjusted assumptions on discount rate, revenue growth, profit margin, and future P/E as the key drivers behind the refreshed price target rationale. What's in the News Upcoming board meeting on March 10, 2026 to review the 2025 annual parent company only and consolidated financial statements, which could provide a clearer picture of recent financial performance and capital allocation decisions (Key Developments).Narrative Update • Mar 16
3034: 2026 Revenue And Margin Outlook Will Support Long-Term Upside Potential
Analysts have trimmed their fair value estimate for Novatek Microelectronics from NT$517.65 to NT$494.73, reflecting slightly higher discount rate assumptions and modestly softer expectations for revenue growth, profit margins, and future P/E multiples. What's in the News Board meeting scheduled for March 10, 2026, with an agenda to consider the 2025 parent company only and consolidated financial statements (Key Developments).Narrative Update • Mar 02
3034: 2026 Revenue And Margin Guidance Will Likely Restrain Share Price Upside
Analysts have maintained their NT$300.0 price target for Novatek Microelectronics, citing only modest adjustments to long-term assumptions around discount rate, revenue contraction, profit margin, and future P/E that do not materially change their overall valuation view. What's in the News Novatek Microelectronics issued earnings guidance for 2026, indicating expected revenue in a range of TWD 22.2b to TWD 23.2b.Narrative Update • Feb 16
3034: Softer Revenue Outlook And Margin Guidance Will Likely Pressure Future Returns
Analysts kept their NT$ price target for Novatek Microelectronics steady, noting a slightly lower discount rate and modestly softer assumptions for revenue growth and profit margin, balanced by a higher future P/E multiple in their updated view. What's in the News Novatek Microelectronics issued earnings guidance for 2026, outlining expected revenue in a range of TWD 22.2b to TWD 23.2b.Narrative Update • Feb 02
3034: Revenue Will Soften While Fair Value And Margins Will Stay Steady
Analysts have trimmed their fair value estimate for Novatek Microelectronics from $422.38 to $406.13, reflecting slightly more cautious assumptions on revenue growth, profit margins and future P/E multiples. What's in the News Novatek Microelectronics issued earnings guidance for the fourth quarter of 2025, indicating that it expects a revenue decline for the period (Key Developments).Narrative Update • Jan 19
3034: Softer Q4 2025 Revenue Outlook Will Support Long-Term Upside Potential
Analysts have revised their fair value estimate for Novatek Microelectronics from NT$574.48 to NT$517.65, reflecting slightly lower assumptions for revenue growth and profit margins, as well as a higher discount rate, partly offset by a modestly higher future P/E multiple. What's in the News Novatek Microelectronics issued earnings guidance for the fourth quarter of 2025, giving investors an updated revenue range for the upcoming period (Key Developments).Narrative Update • Jan 05
3034: Softer Q4 Outlook Will Likely Weigh On Future Share Returns
Analysts have modestly lifted their price target on Novatek Microelectronics, now implying fair value of around $300.00 per share. This reflects slightly higher assumed future valuation multiples, despite trimming long term revenue growth and profit margin expectations and applying a marginally higher discount rate.Narrative Update • Dec 19
3034: Higher Required Returns And Lower Profitability Will Pressure Future Share Performance
Analysts have lowered their price target on Novatek Microelectronics from NT$400 to NT$300, citing higher required returns and more conservative profitability and valuation assumptions, despite improved revenue growth expectations. What's in the News Issued earnings guidance for the fourth quarter of 2025, projecting a decline in revenue compared with prior periods (company guidance) Forecast fourth quarter 2025 revenue in the range of TWD 22 billion to TWD 23 billion, based on an exchange rate of USD 1 to TWD 30.5 (company guidance) Valuation Changes The fair value estimate has fallen significantly, reduced from NT$400 to NT$300 per share.Narrative Update • Dec 05
3034: Revenue Will Ease While Margins And Outlook Will Remain Stable
Analysts have slightly raised their price target for Novatek Microelectronics by NT$0.00, reflecting marginally lower discount rate assumptions and a modest uptick in long term revenue growth expectations. What's in the News Issued fourth-quarter 2025 earnings guidance, forecasting revenue to decline to between TWD 22 billion and TWD 23 billion, based on an exchange rate of USD 1 to TWD 30.5 (company guidance) Valuation Changes Fair Value: Unchanged at NT$422.38 per share, indicating no revision to the intrinsic value estimate.Narrative Update • Nov 21
3034: Revenue Will Soften While Margins Are Set To Improve Modestly
Analysts have revised their price target for Novatek Microelectronics down from $452.44 to $422.38. This reflects slightly lower projected revenue growth, along with modestly improved profit margin expectations.Narrative Update • Nov 06
3034: AI Integration Will Drive Future Demand And Support Profit Margins
Narrative Update: Novatek Microelectronics Analyst Price Target Adjustment Analysts have lowered Novatek Microelectronics’ fair value estimate from $469.13 to $452.44. They cite shifts in revenue growth projections, profit margins, and discount rates as the primary factors influencing the updated target.Narrative Update • Aug 07
AI Integration In TVs And Gaming Systems Will Drive Future Demand And Margins
The consensus price target for Novatek Microelectronics was revised downward, primarily reflecting a material reduction in revenue growth forecasts, with fair value declining from NT$506.75 to NT$491.44. What's in the News Board meeting scheduled to approve Q2 2025 financial results.
New Narrative • Nov 25
OLED Innovations And AI Empowerment Promise A Bright Future In Consumer Electronics
Novatek's focus on innovation through OLED TDDI mass production and AI-related products aims to enhance revenue, market share, and gross margins.Shareholder Returns
| 3034 | TW Semiconductor | TW Market | |
|---|---|---|---|
| 7D | 4.4% | 11.6% | 11.7% |
| 1Y | 23.2% | 117.5% | 83.1% |
Return vs Industry: 3034 underperformed the TW Semiconductor industry which returned 117.5% over the past year.
Return vs Market: 3034 underperformed the TW Market which returned 83.1% over the past year.
Price Volatility
| 3034 volatility | |
|---|---|
| 3034 Average Weekly Movement | 8.0% |
| Semiconductor Industry Average Movement | 10.1% |
| Market Average Movement | 6.5% |
| 10% most volatile stocks in TW Market | 12.2% |
| 10% least volatile stocks in TW Market | 2.7% |
Stable Share Price: 3034 has not had significant price volatility in the past 3 months compared to the TW market.
Volatility Over Time: 3034's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1997 | n/a | Steve Wang | www.novatek.com.tw |
Novatek Microelectronics Corp., a fabless chip design company, designs, develops and sells a range of display driver integrated circuits (IC) and system-on-a-chip (SoC) solutions in Taiwan, Asia, and internationally. The company offers display driver ICs for LCD displays, televisions (TVs), notebook computers, desktop monitors, cameras, tablets, PCs, automotive displays, smartphones, and wearable products. The company also provides SoC solutions, including timing controllers, LCD monitors, TVs, power management, and digital image controllers, as well as CMOS image sensors.
Novatek Microelectronics Corp. Fundamentals Summary
| 3034 fundamental statistics | |
|---|---|
| Market cap | NT$330.42b |
| Earnings (TTM) | NT$17.44b |
| Revenue (TTM) | NT$99.20b |
18.9x
P/E Ratio3.3x
P/S RatioIs 3034 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 3034 income statement (TTM) | |
|---|---|
| Revenue | NT$99.20b |
| Cost of Revenue | NT$60.37b |
| Gross Profit | NT$38.83b |
| Other Expenses | NT$21.39b |
| Earnings | NT$17.44b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
Nov 06, 2026
| Earnings per share (EPS) | 28.66 |
| Gross Margin | 39.14% |
| Net Profit Margin | 17.58% |
| Debt/Equity Ratio | 0% |
How did 3034 perform over the long term?
See historical performance and comparisonDividends
4.2%
Current Dividend Yield80%
Payout RatioDoes 3034 pay a reliable dividends?
See 3034 dividend history and benchmarks| Novatek Microelectronics dividend dates | |
|---|---|
| Ex Dividend Date | Jul 13 2026 |
| Dividend Pay Date | Aug 11 2026 |
| Days until Ex dividend | 25 days |
| Days until Dividend pay date | 4 days |
Does 3034 pay a reliable dividends?
See 3034 dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/07 08:10 |
| End of Day Share Price | 2026/08/07 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Novatek Microelectronics Corp. is covered by 33 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Lu | Barclays |
| Wanping Yeh | Barclays |
| Mark Li | Bernstein |