View ValuationRealtek Semiconductor 향후 성장Future 기준 점검 2/6Realtek Semiconductor (는) 각각 연간 14.5% 및 11.5% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 13.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 33.4% 로 예상됩니다.핵심 정보14.5%이익 성장률13.35%EPS 성장률Semiconductor 이익 성장25.7%매출 성장률11.5%향후 자기자본이익률33.36%애널리스트 커버리지Good마지막 업데이트12 May 2026최근 향후 성장 업데이트Major Estimate Revision • Jul 17Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$112.7b to NT$114.7b. EPS estimate increased from NT$27.44 to NT$30.26 per share. Net income forecast to grow 52% next year vs 32% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$598. Share price fell 2.6% to NT$555 over the past week.Price Target Changed • Apr 22Price target increased by 7.6% to NT$568Up from NT$528, the current price target is an average from 15 analysts. New target price is 13% above last closing price of NT$504. Stock is up 37% over the past year. The company is forecast to post earnings per share of NT$27.44 for next year compared to NT$17.85 last year.Price Target Changed • Mar 18Price target increased by 7.7% to NT$520Up from NT$483, the current price target is an average from 15 analysts. New target price is 12% below last closing price of NT$590. Stock is up 51% over the past year. The company is forecast to post earnings per share of NT$28.01 for next year compared to NT$17.85 last year.Price Target Changed • Feb 03Price target increased by 8.2% to NT$474Up from NT$438, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of NT$470. Stock is up 35% over the past year. The company is forecast to post earnings per share of NT$17.67 for next year compared to NT$31.62 last year.Price Target Changed • Apr 25Price target increased by 7.4% to NT$381Up from NT$355, the current price target is an average from 14 analysts. New target price is 11% above last closing price of NT$345. Stock is down 9.6% over the past year. The company is forecast to post earnings per share of NT$19.67 for next year compared to NT$31.62 last year.Price Target Changed • Mar 01Price target increased by 8.1% to NT$340Up from NT$315, the current price target is an average from 13 analysts. New target price is 11% below last closing price of NT$380. Stock is down 19% over the past year. The company is forecast to post earnings per share of NT$30.87 for next year compared to NT$33.00 last year.모든 업데이트 보기Recent updatesReported Earnings • May 15First quarter 2026 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2026 results: EPS: NT$8.00 (down from NT$9.28 in 1Q 2025). Revenue: NT$36.4b (up 4.0% from 1Q 2025). Net income: NT$4.33b (down 9.1% from 1Q 2025). Profit margin: 12% (down from 14% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year.내러티브 업데이트 • Apr 282379: Stable Margins And P/E Assumptions Will Shape Future ReturnsAnalysts have made a small upward adjustment to their fair value estimate for Realtek Semiconductor to NT$574.50, citing slightly higher modeled revenue growth, profit margins, and future P/E assumptions. Valuation Changes Fair Value: Adjusted slightly from NT$572.63 to NT$574.50.내러티브 업데이트 • Apr 102379: Stable Margins And Earnings Multiple Will Support Future UpsideAnalysts have made a slight upward adjustment to their NT$ price target for Realtek Semiconductor, reflecting modest tweaks to discount rate, revenue growth, profit margin and future P/E assumptions in their updated models. Valuation Changes Fair Value: NT$572.63 remains unchanged, indicating no adjustment to the core intrinsic value estimate.내러티브 업데이트 • Mar 262379: Edge AI Voice Remotes Will Support Future Earnings MultiplesAnalysts have kept their NT$572.63 price target for Realtek Semiconductor broadly unchanged, citing only slight model tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions rather than any major shift in their outlook. What's in the News Realtek Semiconductor and AONDevices are collaborating on a next generation Voice Smart Remote platform that combines the AON1100 M3 processor with Realtek's BLE chipset and cloud streaming software stack to support voice activated remotes with on-device intelligence and low power use (Key Developments).내러티브 업데이트 • Mar 122379: Edge AI Voice Remote Tie-Up Will Support Future Earnings MultiplesThe latest analyst update trims Realtek Semiconductor's fair value estimate from NT$576.69 to NT$572.63. Analysts point to revised assumptions around the discount rate, revenue growth, profit margin and future P/E as the key drivers of this small reset in the price target.공시 • Mar 02Realtek Semiconductor Corp., Annual General Meeting, May 27, 2026Realtek Semiconductor Corp., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,1, kung yeh tung 2nd rd., hsinchu science park, hsinchu city TaiwanBuy Or Sell Opportunity • Feb 27Now 20% overvaluedOver the last 90 days, the stock has fallen 7.6% to NT$482. The fair value is estimated to be NT$400, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.내러티브 업데이트 • Feb 252379: Edge AI Voice Remote Platform Will Support Future Earnings MultiplesAnalysts have nudged their price target on Realtek Semiconductor slightly higher to NT$576.69, citing modest adjustments to discount rate assumptions, revenue growth expectations, profit margin outlook and future P/E estimates. These changes collectively support a broadly unchanged view of the company’s fair value.내러티브 업데이트 • Feb 112379: Edge AI Voice Remote Platform Will Support Higher Future Earnings MultiplesAnalysts have trimmed their fair value estimate for Realtek Semiconductor from NT$597 to about NT$576.69, reflecting slightly softer assumptions on revenue growth and profit margins, partly balanced by a higher expected future P/E multiple. What's in the News Realtek Semiconductor and AONDevices are working together on a next generation Voice Smart Remote that combines the AON1100 M3 processor, AONx360 Base, AONx360 Pro, and Realtek's BLE chipset and cloud streaming software stack (Key Developments).내러티브 업데이트 • Jan 272379: Edge AI Remote Collaboration Will Support Higher Future Earnings MultiplesAnalysts have trimmed their fair value estimate for Realtek Semiconductor from NT$599.31 to NT$597.00, reflecting slightly higher discount rate assumptions and more measured views on revenue growth and profit margins, while maintaining a similar future P/E outlook. What's in the News Realtek Semiconductor and AONDevices announced a collaboration to develop a next generation Voice Smart Remote using the AON1100 M3 processor, AONx360 Base, AONx360 Pro, and Realtek's BLE chipset and cloud streaming software stack, targeting super low power Edge AI use cases.내러티브 업데이트 • Jan 112379: Edge AI Remote Platform Will Support Higher Future Earnings MultiplesAnalysts have made a small downward adjustment to their price target on Realtek Semiconductor to reflect slightly updated fair value estimates and discount rate assumptions, while keeping revenue growth, profit margin and future P/E expectations broadly unchanged. What's in the News Realtek Semiconductor and AONDevices are collaborating on a next generation Voice Smart Remote that combines the AON1100 M3 processor with Realtek's BLE chipset and cloud streaming software stack to support voice activated remotes and controllers with on device intelligence and low power use (Key Developments).내러티브 업데이트 • Dec 252379: Higher Multiples And Steady Fundamentals Will Drive Future Upside PotentialAnalysts have modestly raised their price target on Realtek Semiconductor to TWD 599.35. This reflects slightly higher long term valuation multiples despite marginally softer assumptions for growth, margins, and discount rates.내러티브 업데이트 • Dec 112379: Lower Discount Rate Will Support Upside Potential AheadAnalysts have nudged their price target for Realtek Semiconductor slightly higher to reflect modest improvements in discount rate assumptions and a marginally more favorable view on future earnings multiples, while keeping fair value estimates broadly unchanged. Valuation Changes Fair Value: Unchanged at an estimated intrinsic value of NT$599.35 per share, indicating no material revision to the core valuation.내러티브 업데이트 • Nov 272379: Net Profit Margin Improvement And Lower Discount Rate Will Drive UpsideAnalysts have slightly raised their price target for Realtek Semiconductor from $596.19 to $599.35, citing modest improvements in revenue growth and profit margin expectations. Valuation Changes Fair Value has increased slightly from NT$596.19 to NT$599.35.내러티브 업데이트 • Nov 132379: Net Profit Margin Gains And Discount Rate Offer Upside PotentialAnalysts have lowered their price target for Realtek Semiconductor from $611 to $596.19, citing a slightly higher discount rate and modest adjustments to growth and profit expectations. Valuation Changes Fair Value: Lowered from NT$611 to NT$596.19, a modest decrease.Reported Earnings • Nov 12Third quarter 2025 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2025 results: EPS: NT$6.69 (down from NT$8.53 in 3Q 2024). Revenue: NT$29.5b (down 4.1% from 3Q 2024). Net income: NT$3.43b (down 22% from 3Q 2024). Profit margin: 12% (down from 14% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Aug 28Dividend increased to NT$25.50Dividend of NT$25.50 is 65% higher than last year. Ex-date: 10th September 2025 Payment date: 9th October 2025 Dividend yield will be 4.6%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 14Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$7.62 (down from NT$8.55 in 2Q 2024). Revenue: NT$31.9b (up 4.0% from 2Q 2024). Net income: NT$3.91b (down 11% from 2Q 2024). Profit margin: 12% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Reported Earnings • May 14First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$9.28 (up from NT$6.10 in 1Q 2024). Revenue: NT$35.0b (up 37% from 1Q 2024). Net income: NT$4.76b (up 52% from 1Q 2024). Profit margin: 14% (up from 12% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.공시 • Apr 23Realtek Semiconductor Corp. to Report Q1, 2025 Results on Apr 30, 2025Realtek Semiconductor Corp. announced that they will report Q1, 2025 results on Apr 30, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$440, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$461 per share.공시 • Mar 21E Ink Partners with Realtek to Introduce Second-Generation System-on-Panel Electronic Shelf LabelE Ink Holdings Inc. announced its collaboration with Realtek Semiconductor to unveil the second-generation System-on-Panel (SoP) electronic shelf label (ESL) reference design. This innovative solution simplifies ESL development, significantly reducing the barrier to entry. Under identical display areas, the new-generation design achieves approximately a 30% reduction in thin-filmistor (TFT) size and a 50% decrease in flexible printed circuit (FPC) dimensions. This enables streamlined ESLs with slimmer borders perfectly suited for diverse retail environments. The SoP technology integrates components directly onto ePaper, glass, or flexible substrates, combining integrated circuits, panels, and system design into a unified ePaper display solution. The second-generation SoP incorporates Realtek's Bluetooth chipset using Chip-on-Glass (CoG) technology, creating the world's first device embedding a Radio Frequency Integrated Circuit (RFIC) directly onto glass. This advancement minimizes material usage, reduces product size, simplifies manufacturing processes, and delivers a more efficient, environmentally sustainable display solution. The second- generation SoP design increases efficiency through an optimized circuit layout and transmission line architecture, allowing signal transmission distances to approach those of traditional shelf labels. Additionally, the FPC is integrated onto the back of the panel, further reducing the device size and material usage, resulting in a more energy-efficient and eco-friendly ESL solution that aligns with ESG principles for sustainable development. The SoP design integrates an RF chip onto a 2.66-inch e-paper display glass substrate using Realtek Semiconductor's next-generation Redistribution Layer (RDL) technology, replacing traditional wire bonding packaging. These advancements make it commercially viable, and the deep integration of semiconductors and display panels provides a foundation for the next generation of retail products. As a pioneer in ePaper technology, E Ink is dedicated to achieving net-zero carbon emissions by 2040. Beyond the inherent sustainability benefits of ePaper products, E Ink proactively optimizes product designs to enhance environmental friendliness. Furthermore, ESLs significantly reduce carbon emissions. For example, over the past seven years, approximately 600 million 3-inch ePaper labels have been installed globally. Changing pricing information four times daily, traditional paper labels produce 32,000 times more carbon dioxide than ePaper labels. Similarly, 30 million 10-inch electronic advertising displays globally, used continuously for five years, produce 12,000 times more CO2 emissions if utilizing LCD technology compared to ePaper. Compared to disposable printed paper, dynamic ePaper displays emit 60,000 times less CO2. The second-generation Sop ESL will be showcased at E Ink's booth (#L717) during Touch Taiwan 2025 from, April 16 to 18. Visitors are welcome to experience the latest innovation firsthand.공시 • Mar 03Realtek Semiconductor Corp., Annual General Meeting, May 28, 2025Realtek Semiconductor Corp., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,1, kung yeh tung 2nd rd., hsinchu science park, hsinchu city TaiwanReported Earnings • Mar 01Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: NT$29.82 (up from NT$17.85 in FY 2023). Revenue: NT$113.4b (up 19% from FY 2023). Net income: NT$15.3b (up 67% from FY 2023). Profit margin: 14% (up from 9.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.공시 • Feb 20Realtek Semiconductor Corp. to Report Fiscal Year 2024 Results on Feb 27, 2025Realtek Semiconductor Corp. announced that they will report fiscal year 2024 results on Feb 27, 2025새로운 내러티브 • Nov 28Ethernet Expansion And AI Innovation Propel Growth In Connectivity Markets Growth driven by focus on Ethernet and high-end products, expanding opportunities in AI and high-performance markets to support revenue and margin improvements. Buy Or Sell Opportunity • Nov 20Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.0% to NT$496. The fair value is estimated to be NT$621, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.Reported Earnings • Nov 13Third quarter 2024 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2024 results: EPS: NT$8.53 (up from NT$5.02 in 3Q 2023). Revenue: NT$30.8b (up 15% from 3Q 2023). Net income: NT$4.37b (up 70% from 3Q 2023). Profit margin: 14% (up from 9.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.공시 • Oct 17Realtek Semiconductor Corp. to Report Q3, 2024 Results on Oct 30, 2024Realtek Semiconductor Corp. announced that they will report Q3, 2024 results on Oct 30, 2024Buy Or Sell Opportunity • Oct 16Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to NT$480. The fair value is estimated to be NT$611, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 57% in the next 2 years.Buy Or Sell Opportunity • Sep 30Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to NT$480. The fair value is estimated to be NT$613, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 57% in the next 2 years.Buy Or Sell Opportunity • Sep 05Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.6% to NT$490. The fair value is estimated to be NT$616, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 57% in the next 2 years.Declared Dividend • Aug 23Dividend of NT$15.50 announcedShareholders will receive a dividend of NT$15.50. Ex-date: 5th September 2024 Payment date: 4th October 2024 Dividend yield will be 2.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 13Second quarter 2024 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2024 results: EPS: NT$8.55 (up from NT$5.08 in 2Q 2023). Revenue: NT$30.7b (up 17% from 2Q 2023). Net income: NT$4.39b (up 68% from 2Q 2023). Profit margin: 14% (up from 9.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Aug 02Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.8% to NT$502. The fair value is estimated to be NT$643, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 75% in the next 2 years.Major Estimate Revision • Jul 17Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$112.7b to NT$114.7b. EPS estimate increased from NT$27.44 to NT$30.26 per share. Net income forecast to grow 52% next year vs 32% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$598. Share price fell 2.6% to NT$555 over the past week.공시 • Jul 17Realtek Semiconductor Corp. to Report Q2, 2024 Results on Jul 30, 2024Realtek Semiconductor Corp. announced that they will report Q2, 2024 results on Jul 30, 2024공시 • Jun 01+ 1 more updateRealtek Semiconductor Corp. Announces Change to Nominating Committee MembersRealtek Semiconductor Corp. announced change to nominating committee members. Name and resume of the previous position holder: Tsai, Tyau-Chang; Independent Director of Realtek, Chen, Fu-Yen; Independent Director of Realtek, Lo, Chun-Pa; Independent Director of Realtek. Name and resume of the new position holder: Yang, Pan-Chyr; Independent Director of Realtek, Ko, Fu-Hwa; Independent Director of Realtek, Hsieh, Yin-Ching; Independent Director of Realtek. Effective date of the new appointment: May 30, 2024.공시 • May 31Realtek Semiconductor Corp. Announces Board ChangesRealtek Semiconductor Corp. announced board changes. Title and name of the previous position holder: Directors: United Glory Co. Ltd. Representative: Chern, Kuo-Jong, Cotek Pharmaceutical Industry Co. Ltd. Representative: Yeh, Nan-Horng. Independent directors: Tsai, Tyau-Chang, Chen, Fu-Yen, and Lo, Chun-Pa. Resume of the previous position holder: Directors: United Glory Co. Ltd. Representative: Chern, Kuo-Jong; Chief Financial Officer of Realtek, otek Pharmaceutical Industry Co. Ltd. Representative: Yeh, Nan-Horng; Director of Realtek. Independent directors: Tsai, Tyau-Chang; Johnson Law office Lawyer, Chen, Fu-Yen; Chairman of ezTravel Co. Ltd., Lo, Chun-Pa; Investment Vice President of De Jie Investment Co. Ltd. Title and name of the new position holder: Directors: Taotech Co. Ltd. Representative: Yeh, Po-Len, Dejia Investment Co. Ltd. Representative: Yeh, Ming-Han. Independent directors: Yang, Pan-Chyr, Ko, Fu-Hwa, Hsieh, Yin-Ching. Resume of the new position holder: Directors: Dejia Investment Co. Ltd. Representative: Yeh, Ming-Han; Chairman of Dejia Investment Co. Ltd. Independent directors: ang, Pan-Chyr; Professor, Department of Internal Medicine, College of Medicine, National Taiwan University, Ko, Fu-Hwa; Managing Owner of SEMI DA Advisory LLC, Hsieh, Yin-Ching; Founder of Shay & Partners and leader of the TMT team. Effective date of the new appointment: May 30, 2024.Reported Earnings • May 15First quarter 2024 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2024 results: EPS: NT$6.10 (up from NT$3.50 in 1Q 2023). Revenue: NT$25.6b (up 31% from 1Q 2023). Net income: NT$3.13b (up 75% from 1Q 2023). Profit margin: 12% (up from 9.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Price Target Changed • Apr 22Price target increased by 7.6% to NT$568Up from NT$528, the current price target is an average from 15 analysts. New target price is 13% above last closing price of NT$504. Stock is up 37% over the past year. The company is forecast to post earnings per share of NT$27.44 for next year compared to NT$17.85 last year.공시 • Apr 13Realtek Semiconductor Corp. to Report Q1, 2024 Results on Apr 19, 2024Realtek Semiconductor Corp. announced that they will report Q1, 2024 results on Apr 19, 2024Price Target Changed • Mar 18Price target increased by 7.7% to NT$520Up from NT$483, the current price target is an average from 15 analysts. New target price is 12% below last closing price of NT$590. Stock is up 51% over the past year. The company is forecast to post earnings per share of NT$28.01 for next year compared to NT$17.85 last year.Reported Earnings • Feb 29Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$17.85 (down from NT$31.62 in FY 2022). Revenue: NT$95.2b (down 15% from FY 2022). Net income: NT$9.15b (down 44% from FY 2022). Profit margin: 9.6% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.공시 • Feb 28Realtek Semiconductor Corp., Annual General Meeting, May 30, 2024Realtek Semiconductor Corp., Annual General Meeting, May 30, 2024. Location: No.1, Industry East 2nd Road, Hsinchu Science Park Hsinchu Taiwan Agenda: To consider Business report of 2023; to consider Audit Committee's review report; to consider report 2023 employees compensation and directors remuneration; to consider report 2023 cash dividends distribution from retained earnings; to consider report 2023 related party transactions; to consider 2023 business report and financial statements; to consider distribution of 2023 retained earnings; and to consider other matters.Buy Or Sell Opportunity • Feb 27Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to NT$571. The fair value is estimated to be NT$472, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 7.8%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 60% in the next 2 years.Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$548, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$472 per share.Price Target Changed • Feb 03Price target increased by 8.2% to NT$474Up from NT$438, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of NT$470. Stock is up 35% over the past year. The company is forecast to post earnings per share of NT$17.67 for next year compared to NT$31.62 last year.공시 • Jan 29ParkerVision Inc Receives Favorable Markman Rulings in Infringement Actions Against MediaTek Inc., MediaTek USA Inc. and Realtek Semiconductor CorpParkerVision Inc. announced that the United States District Court for the Western District of Texas issued its Markman, or claim construction, rulings in ParkerVision's patent infringement actions against MediaTek Inc. and MediaTek USA Inc. and Realtek Semiconductor Corp. The Court's claim constructions are largely favorable to ParkerVision. The Court held back-to-back Markman hearings on Friday, January 26, 2024, for the MediaTek and Realtek actions. Consistent with its standard practice, the Court issued preliminary rulings on the disputed claim constructions in advance of the Markman hearings. The Markman hearings were then held to allow the parties to present arguments with regard to any of the Court's preliminary rulings that they wished the Court to reconsider and/or fine-tune. In ParkerVision v. MediaTek, the Court adopted ParkerVision's proposed claim constructions for 13 of 16 disputed terms while adopting two proposed terms for MediaTek, and one term the Court construed on its own. In ParkerVision v. Realtek, the Court adopted ParkerVision's proposed claim constructions for nine of 10 disputed terms, with the one remaining term being a combination of the proposals from both parties. These MediaTek and Realtek infringement actions were initially filed in November 2022 and allege infringement against both parties of the same four ParkerVision patents. Both cases are scheduled for jury trial in December 2024. The Company has inter partes review actions pending against one of the patents. In 2023, ParkerVision filed two additional infringement cases against MediaTek and one new infringement case against Realtek alleging infringement of different ParkerVision patents.Reported Earnings • Nov 15Third quarter 2023 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2023 results: EPS: NT$5.01 (down from NT$8.20 in 3Q 2022). Revenue: NT$26.7b (down 10% from 3Q 2022). Net income: NT$2.57b (down 39% from 3Q 2022). Profit margin: 9.6% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year.Upcoming Dividend • Sep 04Upcoming dividend of NT$27.00 per share at 6.3% yieldEligible shareholders must have bought the stock before 11 September 2023. Payment date: 06 October 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.3%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.3%).공시 • Aug 25Realtek Semiconductor Corp. Announces Total Cash Dividend, Payable on October 6, 2023Realtek Semiconductor Corp. announced Cash dividends from retained earnings: TWD 13,334,454,666 (TWD 26 per share). The dividend is payable on October 6, 2023 with ex-rights (ex-dividend) trading date of September 11, 2023 and ex-rights (ex-dividend) record date of September 17, 2023.New Risk • Aug 13New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 17% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 129% Cash payout ratio: 275% Minor Risk Profit margins are more than 30% lower than last year (11% net profit margin).Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$5.08 (vs NT$9.12 in 2Q 2022)Second quarter 2023 results: EPS: NT$5.08 (down from NT$9.12 in 2Q 2022). Revenue: NT$26.3b (down 14% from 2Q 2022). Net income: NT$2.61b (down 44% from 2Q 2022). Profit margin: 9.9% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.New Risk • Jun 25New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 108% Cash payout ratio: 244% Dividend yield: 6.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Price Target Changed • Apr 25Price target increased by 7.4% to NT$381Up from NT$355, the current price target is an average from 14 analysts. New target price is 11% above last closing price of NT$345. Stock is down 9.6% over the past year. The company is forecast to post earnings per share of NT$19.67 for next year compared to NT$31.62 last year.Reported Earnings • Mar 02Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: NT$31.62 (down from NT$33.00 in FY 2021). Revenue: NT$111.8b (up 6.0% from FY 2021). Net income: NT$16.2b (down 3.8% from FY 2021). Profit margin: 14% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 1.2%. Revenue is forecast to stay flat during the next 2 years compared to a 8.3% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Price Target Changed • Mar 01Price target increased by 8.1% to NT$340Up from NT$315, the current price target is an average from 13 analysts. New target price is 11% below last closing price of NT$380. Stock is down 19% over the past year. The company is forecast to post earnings per share of NT$30.87 for next year compared to NT$33.00 last year.공시 • Feb 01Ubiik and Realtek Announce Nimbus 220, a Dedicated NB-IoT Module for Upper 700 MHz A Block (3GPP band 103) - Perfect for Utilities and IoT ApplicationsUbiik has joined forces with Realtek Semiconductor Corporation, to deliver Nimbus 220, an NB-IoT module based on Realtek RTL9518 chipset, and optimized for operation in Upper 700 MHz A Block band. This is an important development for the utility and IoT markets in the US, as the joint development will allow license holders of Band 103 to fully utilize this prime 1 MHz paired spectrum by leveraging advanced features such as non-anchor carriers and Non-IP Data Delivery (NIDD). After Select Spectrum and Access Spectrum have announced that the Upper 700 MHz A Block is officially designated in 3GPP Release 16 as "NB-IoT Band 103" for 4G and 5G services, Ubiik and Realtek are now partnering on the development of this NB-IoT module allowing Ubiik's cellular base station goRAN™ to address current gaps in the North American market for band 103 (787-788 MHz uplink and 757-758 MHz downlink). With NB-IoT using as little as 180 kHz of spectrum, and being able to scale up by utilizing multiple carriers simultaneously, companies who are currently utilizing this band now have the possibility to add standard-compliant NB-IoT to deliver affordable, long-range connectivity to low-power or low-throughput devices. With this partnership, Ubiik aims to expand its reach in the North American market and provide customers with reliable private LTE connectivity. The module, whose embedded processing unit can support ANSI meters and other applications/protocols, will be launched together with goRAN™ base stations and showcased at Distributech 2023 booth #1637 in San Diego from February 7th to 9th, 2023.Reported Earnings • Nov 16Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$8.20 (down from NT$9.57 in 3Q 2021). Revenue: NT$29.8b (up 2.8% from 3Q 2021). Net income: NT$4.21b (down 14% from 3Q 2021). Profit margin: 14% (down from 17% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.5%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Tyau-Chang Tsai was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 13Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$8.20 (down from NT$9.57 in 3Q 2021). Revenue: NT$29.8b (up 2.8% from 3Q 2021). Net income: NT$4.21b (down 14% from 3Q 2021). Profit margin: 14% (down from 17% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.5%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Price Target Changed • Oct 29Price target decreased to NT$313Down from NT$356, the current price target is an average from 13 analysts. New target price is 22% above last closing price of NT$256. Stock is down 49% over the past year. The company is forecast to post earnings per share of NT$33.12 for next year compared to NT$33.00 last year.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$234, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$421 per share.Price Target Changed • Oct 07Price target decreased to NT$363Down from NT$391, the current price target is an average from 13 analysts. New target price is 40% above last closing price of NT$260. Stock is down 46% over the past year. The company is forecast to post earnings per share of NT$33.96 for next year compared to NT$33.00 last year.Upcoming Dividend • Sep 05Upcoming dividend of NT$27.00 per shareEligible shareholders must have bought the stock before 12 September 2022. Payment date: 07 October 2022. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 9.1%. Within top quartile of Taiwanese dividend payers (6.5%). Higher than average of industry peers (3.7%).Reported Earnings • Aug 14Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$9.12 (up from NT$8.43 in 2Q 2021). Revenue: NT$30.5b (up 18% from 2Q 2021). Net income: NT$4.68b (up 8.7% from 2Q 2021). Profit margin: 15% (down from 17% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 6.1%, compared to a 20% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Price Target Changed • Jul 30Price target decreased to NT$430Down from NT$482, the current price target is an average from 13 analysts. New target price is 26% above last closing price of NT$342. Stock is down 42% over the past year. The company is forecast to post earnings per share of NT$35.66 for next year compared to NT$33.00 last year.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$372, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 85% over the past three years.Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$313, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Semiconductor industry in Taiwan. Total returns to shareholders of 56% over the past three years.Reported Earnings • May 14First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: NT$10.15 (up from NT$5.98 in 1Q 2021). Revenue: NT$29.8b (up 28% from 1Q 2021). Net income: NT$5.19b (up 70% from 1Q 2021). Profit margin: 17% (up from 13% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 9.1%, compared to a 23% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 27Price target decreased to NT$502Down from NT$562, the current price target is an average from 14 analysts. New target price is 31% above last closing price of NT$383. Stock is down 29% over the past year. The company is forecast to post earnings per share of NT$37.50 for next year compared to NT$33.00 last year.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Fu-Yen Chen was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 01Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: NT$33.00 (up from NT$17.24 in FY 2020). Revenue: NT$105.5b (up 36% from FY 2020). Net income: NT$16.9b (up 92% from FY 2020). Profit margin: 16% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 12%, compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$9.57 (vs NT$4.91 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$29.0b (up 29% from 3Q 2020). Net income: NT$4.89b (up 95% from 3Q 2020). Profit margin: 17% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Sep 01Upcoming dividend of NT$14.00 per shareEligible shareholders must have bought the stock before 08 September 2021. Payment date: 07 October 2021. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.1%).Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS NT$8.43 (vs NT$3.97 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$25.8b (up 49% from 2Q 2020). Net income: NT$4.30b (up 112% from 2Q 2020). Profit margin: 17% (up from 12% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Jul 27Price target increased to NT$635Up from NT$581, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of NT$613. Stock is up 69% over the past year.이익 및 매출 성장 예측TWSE:2379 - 애널리스트 향후 추정치 및 과거 재무 데이터 (TWD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028174,08221,66321,93425,160612/31/2027152,34418,68218,57221,0991612/31/2026139,70516,43917,29421,922163/31/2026124,10714,32115,93621,417N/A12/31/2025122,70614,75318,35123,015N/A9/30/2025122,77315,50023,29427,359N/A6/30/2025124,03416,44621,97326,365N/A3/31/2025122,79316,92323,33027,227N/A12/31/2024113,39415,29119,93923,934N/A9/30/2024109,63414,07218,30522,519N/A6/30/2024105,56012,26919,54023,457N/A3/31/2024101,17710,48917,98021,419N/A12/31/202395,1799,15314,26917,896N/A9/30/202394,3569,1067,20011,452N/A6/30/202397,45010,7415,2729,350N/A3/31/2023101,65812,8115,91210,690N/A12/31/2022111,79016,20414,64719,058N/A9/30/2022117,39718,67620,72524,391N/A6/30/2022116,58019,35720,67824,417N/A3/31/2022111,92018,98421,12524,905N/A12/31/2021105,50416,85314,66318,352N/A9/30/2021100,21914,87316,89820,201N/A6/30/202193,67312,49418,23921,304N/A3/31/202185,17210,21714,37417,852N/A12/31/202077,7598,79312,68115,440N/A9/30/202072,3607,81211,92314,409N/A6/30/202065,9947,2257,89910,339N/A3/31/202063,8377,0428,75310,742N/A12/31/201960,7446,790N/A12,251N/A9/30/201956,0016,243N/A9,688N/A6/30/201952,0445,733N/A9,126N/A3/31/201948,0144,889N/A8,142N/A12/31/201845,8064,351N/A8,194N/A9/30/201844,6664,052N/A7,840N/A6/30/201843,5313,794N/A7,283N/A3/31/201842,3313,726N/A5,058N/A12/31/201741,6883,392N/A3,758N/A9/30/201740,6873,277N/A3,212N/A6/30/201740,0152,872N/A3,002N/A3/31/201739,9102,956N/A3,597N/A12/31/201638,9143,040N/A5,227N/A9/30/201638,3543,080N/A6,581N/A6/30/201635,9862,931N/A6,691N/A3/31/201633,2872,278N/A5,555N/A12/31/201531,7462,428N/A3,227N/A9/30/201530,0682,261N/A2,250N/A6/30/201530,4573,165N/A3,190N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 2379 의 연간 예상 수익 증가율(14.5%)이 saving rate(1.3%)보다 높습니다.수익 vs 시장: 2379 의 연간 수익(14.5%)이 TW 시장(26.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 2379 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 2379 의 수익(연간 11.5%)이 TW 시장(연간 18.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 2379 의 수익(연간 11.5%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 2379의 자본 수익률은 3년 후 33.4%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSemiconductors 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 01:28종가2026/05/21 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Realtek Semiconductor Corp.는 25명의 분석가가 다루고 있습니다. 이 중 16명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Mike YangBofA Global ResearchLicheng ZhuangCapital Securities CorporationJack LuCGS International22명의 분석가 더 보기
Major Estimate Revision • Jul 17Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$112.7b to NT$114.7b. EPS estimate increased from NT$27.44 to NT$30.26 per share. Net income forecast to grow 52% next year vs 32% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$598. Share price fell 2.6% to NT$555 over the past week.
Price Target Changed • Apr 22Price target increased by 7.6% to NT$568Up from NT$528, the current price target is an average from 15 analysts. New target price is 13% above last closing price of NT$504. Stock is up 37% over the past year. The company is forecast to post earnings per share of NT$27.44 for next year compared to NT$17.85 last year.
Price Target Changed • Mar 18Price target increased by 7.7% to NT$520Up from NT$483, the current price target is an average from 15 analysts. New target price is 12% below last closing price of NT$590. Stock is up 51% over the past year. The company is forecast to post earnings per share of NT$28.01 for next year compared to NT$17.85 last year.
Price Target Changed • Feb 03Price target increased by 8.2% to NT$474Up from NT$438, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of NT$470. Stock is up 35% over the past year. The company is forecast to post earnings per share of NT$17.67 for next year compared to NT$31.62 last year.
Price Target Changed • Apr 25Price target increased by 7.4% to NT$381Up from NT$355, the current price target is an average from 14 analysts. New target price is 11% above last closing price of NT$345. Stock is down 9.6% over the past year. The company is forecast to post earnings per share of NT$19.67 for next year compared to NT$31.62 last year.
Price Target Changed • Mar 01Price target increased by 8.1% to NT$340Up from NT$315, the current price target is an average from 13 analysts. New target price is 11% below last closing price of NT$380. Stock is down 19% over the past year. The company is forecast to post earnings per share of NT$30.87 for next year compared to NT$33.00 last year.
Reported Earnings • May 15First quarter 2026 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2026 results: EPS: NT$8.00 (down from NT$9.28 in 1Q 2025). Revenue: NT$36.4b (up 4.0% from 1Q 2025). Net income: NT$4.33b (down 9.1% from 1Q 2025). Profit margin: 12% (down from 14% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year.
내러티브 업데이트 • Apr 282379: Stable Margins And P/E Assumptions Will Shape Future ReturnsAnalysts have made a small upward adjustment to their fair value estimate for Realtek Semiconductor to NT$574.50, citing slightly higher modeled revenue growth, profit margins, and future P/E assumptions. Valuation Changes Fair Value: Adjusted slightly from NT$572.63 to NT$574.50.
내러티브 업데이트 • Apr 102379: Stable Margins And Earnings Multiple Will Support Future UpsideAnalysts have made a slight upward adjustment to their NT$ price target for Realtek Semiconductor, reflecting modest tweaks to discount rate, revenue growth, profit margin and future P/E assumptions in their updated models. Valuation Changes Fair Value: NT$572.63 remains unchanged, indicating no adjustment to the core intrinsic value estimate.
내러티브 업데이트 • Mar 262379: Edge AI Voice Remotes Will Support Future Earnings MultiplesAnalysts have kept their NT$572.63 price target for Realtek Semiconductor broadly unchanged, citing only slight model tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions rather than any major shift in their outlook. What's in the News Realtek Semiconductor and AONDevices are collaborating on a next generation Voice Smart Remote platform that combines the AON1100 M3 processor with Realtek's BLE chipset and cloud streaming software stack to support voice activated remotes with on-device intelligence and low power use (Key Developments).
내러티브 업데이트 • Mar 122379: Edge AI Voice Remote Tie-Up Will Support Future Earnings MultiplesThe latest analyst update trims Realtek Semiconductor's fair value estimate from NT$576.69 to NT$572.63. Analysts point to revised assumptions around the discount rate, revenue growth, profit margin and future P/E as the key drivers of this small reset in the price target.
공시 • Mar 02Realtek Semiconductor Corp., Annual General Meeting, May 27, 2026Realtek Semiconductor Corp., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,1, kung yeh tung 2nd rd., hsinchu science park, hsinchu city Taiwan
Buy Or Sell Opportunity • Feb 27Now 20% overvaluedOver the last 90 days, the stock has fallen 7.6% to NT$482. The fair value is estimated to be NT$400, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.
내러티브 업데이트 • Feb 252379: Edge AI Voice Remote Platform Will Support Future Earnings MultiplesAnalysts have nudged their price target on Realtek Semiconductor slightly higher to NT$576.69, citing modest adjustments to discount rate assumptions, revenue growth expectations, profit margin outlook and future P/E estimates. These changes collectively support a broadly unchanged view of the company’s fair value.
내러티브 업데이트 • Feb 112379: Edge AI Voice Remote Platform Will Support Higher Future Earnings MultiplesAnalysts have trimmed their fair value estimate for Realtek Semiconductor from NT$597 to about NT$576.69, reflecting slightly softer assumptions on revenue growth and profit margins, partly balanced by a higher expected future P/E multiple. What's in the News Realtek Semiconductor and AONDevices are working together on a next generation Voice Smart Remote that combines the AON1100 M3 processor, AONx360 Base, AONx360 Pro, and Realtek's BLE chipset and cloud streaming software stack (Key Developments).
내러티브 업데이트 • Jan 272379: Edge AI Remote Collaboration Will Support Higher Future Earnings MultiplesAnalysts have trimmed their fair value estimate for Realtek Semiconductor from NT$599.31 to NT$597.00, reflecting slightly higher discount rate assumptions and more measured views on revenue growth and profit margins, while maintaining a similar future P/E outlook. What's in the News Realtek Semiconductor and AONDevices announced a collaboration to develop a next generation Voice Smart Remote using the AON1100 M3 processor, AONx360 Base, AONx360 Pro, and Realtek's BLE chipset and cloud streaming software stack, targeting super low power Edge AI use cases.
내러티브 업데이트 • Jan 112379: Edge AI Remote Platform Will Support Higher Future Earnings MultiplesAnalysts have made a small downward adjustment to their price target on Realtek Semiconductor to reflect slightly updated fair value estimates and discount rate assumptions, while keeping revenue growth, profit margin and future P/E expectations broadly unchanged. What's in the News Realtek Semiconductor and AONDevices are collaborating on a next generation Voice Smart Remote that combines the AON1100 M3 processor with Realtek's BLE chipset and cloud streaming software stack to support voice activated remotes and controllers with on device intelligence and low power use (Key Developments).
내러티브 업데이트 • Dec 252379: Higher Multiples And Steady Fundamentals Will Drive Future Upside PotentialAnalysts have modestly raised their price target on Realtek Semiconductor to TWD 599.35. This reflects slightly higher long term valuation multiples despite marginally softer assumptions for growth, margins, and discount rates.
내러티브 업데이트 • Dec 112379: Lower Discount Rate Will Support Upside Potential AheadAnalysts have nudged their price target for Realtek Semiconductor slightly higher to reflect modest improvements in discount rate assumptions and a marginally more favorable view on future earnings multiples, while keeping fair value estimates broadly unchanged. Valuation Changes Fair Value: Unchanged at an estimated intrinsic value of NT$599.35 per share, indicating no material revision to the core valuation.
내러티브 업데이트 • Nov 272379: Net Profit Margin Improvement And Lower Discount Rate Will Drive UpsideAnalysts have slightly raised their price target for Realtek Semiconductor from $596.19 to $599.35, citing modest improvements in revenue growth and profit margin expectations. Valuation Changes Fair Value has increased slightly from NT$596.19 to NT$599.35.
내러티브 업데이트 • Nov 132379: Net Profit Margin Gains And Discount Rate Offer Upside PotentialAnalysts have lowered their price target for Realtek Semiconductor from $611 to $596.19, citing a slightly higher discount rate and modest adjustments to growth and profit expectations. Valuation Changes Fair Value: Lowered from NT$611 to NT$596.19, a modest decrease.
Reported Earnings • Nov 12Third quarter 2025 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2025 results: EPS: NT$6.69 (down from NT$8.53 in 3Q 2024). Revenue: NT$29.5b (down 4.1% from 3Q 2024). Net income: NT$3.43b (down 22% from 3Q 2024). Profit margin: 12% (down from 14% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Aug 28Dividend increased to NT$25.50Dividend of NT$25.50 is 65% higher than last year. Ex-date: 10th September 2025 Payment date: 9th October 2025 Dividend yield will be 4.6%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 14Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$7.62 (down from NT$8.55 in 2Q 2024). Revenue: NT$31.9b (up 4.0% from 2Q 2024). Net income: NT$3.91b (down 11% from 2Q 2024). Profit margin: 12% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Reported Earnings • May 14First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$9.28 (up from NT$6.10 in 1Q 2024). Revenue: NT$35.0b (up 37% from 1Q 2024). Net income: NT$4.76b (up 52% from 1Q 2024). Profit margin: 14% (up from 12% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
공시 • Apr 23Realtek Semiconductor Corp. to Report Q1, 2025 Results on Apr 30, 2025Realtek Semiconductor Corp. announced that they will report Q1, 2025 results on Apr 30, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$440, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$461 per share.
공시 • Mar 21E Ink Partners with Realtek to Introduce Second-Generation System-on-Panel Electronic Shelf LabelE Ink Holdings Inc. announced its collaboration with Realtek Semiconductor to unveil the second-generation System-on-Panel (SoP) electronic shelf label (ESL) reference design. This innovative solution simplifies ESL development, significantly reducing the barrier to entry. Under identical display areas, the new-generation design achieves approximately a 30% reduction in thin-filmistor (TFT) size and a 50% decrease in flexible printed circuit (FPC) dimensions. This enables streamlined ESLs with slimmer borders perfectly suited for diverse retail environments. The SoP technology integrates components directly onto ePaper, glass, or flexible substrates, combining integrated circuits, panels, and system design into a unified ePaper display solution. The second-generation SoP incorporates Realtek's Bluetooth chipset using Chip-on-Glass (CoG) technology, creating the world's first device embedding a Radio Frequency Integrated Circuit (RFIC) directly onto glass. This advancement minimizes material usage, reduces product size, simplifies manufacturing processes, and delivers a more efficient, environmentally sustainable display solution. The second- generation SoP design increases efficiency through an optimized circuit layout and transmission line architecture, allowing signal transmission distances to approach those of traditional shelf labels. Additionally, the FPC is integrated onto the back of the panel, further reducing the device size and material usage, resulting in a more energy-efficient and eco-friendly ESL solution that aligns with ESG principles for sustainable development. The SoP design integrates an RF chip onto a 2.66-inch e-paper display glass substrate using Realtek Semiconductor's next-generation Redistribution Layer (RDL) technology, replacing traditional wire bonding packaging. These advancements make it commercially viable, and the deep integration of semiconductors and display panels provides a foundation for the next generation of retail products. As a pioneer in ePaper technology, E Ink is dedicated to achieving net-zero carbon emissions by 2040. Beyond the inherent sustainability benefits of ePaper products, E Ink proactively optimizes product designs to enhance environmental friendliness. Furthermore, ESLs significantly reduce carbon emissions. For example, over the past seven years, approximately 600 million 3-inch ePaper labels have been installed globally. Changing pricing information four times daily, traditional paper labels produce 32,000 times more carbon dioxide than ePaper labels. Similarly, 30 million 10-inch electronic advertising displays globally, used continuously for five years, produce 12,000 times more CO2 emissions if utilizing LCD technology compared to ePaper. Compared to disposable printed paper, dynamic ePaper displays emit 60,000 times less CO2. The second-generation Sop ESL will be showcased at E Ink's booth (#L717) during Touch Taiwan 2025 from, April 16 to 18. Visitors are welcome to experience the latest innovation firsthand.
공시 • Mar 03Realtek Semiconductor Corp., Annual General Meeting, May 28, 2025Realtek Semiconductor Corp., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,1, kung yeh tung 2nd rd., hsinchu science park, hsinchu city Taiwan
Reported Earnings • Mar 01Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: NT$29.82 (up from NT$17.85 in FY 2023). Revenue: NT$113.4b (up 19% from FY 2023). Net income: NT$15.3b (up 67% from FY 2023). Profit margin: 14% (up from 9.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
공시 • Feb 20Realtek Semiconductor Corp. to Report Fiscal Year 2024 Results on Feb 27, 2025Realtek Semiconductor Corp. announced that they will report fiscal year 2024 results on Feb 27, 2025
새로운 내러티브 • Nov 28Ethernet Expansion And AI Innovation Propel Growth In Connectivity Markets Growth driven by focus on Ethernet and high-end products, expanding opportunities in AI and high-performance markets to support revenue and margin improvements.
Buy Or Sell Opportunity • Nov 20Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.0% to NT$496. The fair value is estimated to be NT$621, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.
Reported Earnings • Nov 13Third quarter 2024 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2024 results: EPS: NT$8.53 (up from NT$5.02 in 3Q 2023). Revenue: NT$30.8b (up 15% from 3Q 2023). Net income: NT$4.37b (up 70% from 3Q 2023). Profit margin: 14% (up from 9.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
공시 • Oct 17Realtek Semiconductor Corp. to Report Q3, 2024 Results on Oct 30, 2024Realtek Semiconductor Corp. announced that they will report Q3, 2024 results on Oct 30, 2024
Buy Or Sell Opportunity • Oct 16Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to NT$480. The fair value is estimated to be NT$611, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 57% in the next 2 years.
Buy Or Sell Opportunity • Sep 30Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to NT$480. The fair value is estimated to be NT$613, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 57% in the next 2 years.
Buy Or Sell Opportunity • Sep 05Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.6% to NT$490. The fair value is estimated to be NT$616, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 57% in the next 2 years.
Declared Dividend • Aug 23Dividend of NT$15.50 announcedShareholders will receive a dividend of NT$15.50. Ex-date: 5th September 2024 Payment date: 4th October 2024 Dividend yield will be 2.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 13Second quarter 2024 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2024 results: EPS: NT$8.55 (up from NT$5.08 in 2Q 2023). Revenue: NT$30.7b (up 17% from 2Q 2023). Net income: NT$4.39b (up 68% from 2Q 2023). Profit margin: 14% (up from 9.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Aug 02Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.8% to NT$502. The fair value is estimated to be NT$643, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 75% in the next 2 years.
Major Estimate Revision • Jul 17Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$112.7b to NT$114.7b. EPS estimate increased from NT$27.44 to NT$30.26 per share. Net income forecast to grow 52% next year vs 32% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$598. Share price fell 2.6% to NT$555 over the past week.
공시 • Jul 17Realtek Semiconductor Corp. to Report Q2, 2024 Results on Jul 30, 2024Realtek Semiconductor Corp. announced that they will report Q2, 2024 results on Jul 30, 2024
공시 • Jun 01+ 1 more updateRealtek Semiconductor Corp. Announces Change to Nominating Committee MembersRealtek Semiconductor Corp. announced change to nominating committee members. Name and resume of the previous position holder: Tsai, Tyau-Chang; Independent Director of Realtek, Chen, Fu-Yen; Independent Director of Realtek, Lo, Chun-Pa; Independent Director of Realtek. Name and resume of the new position holder: Yang, Pan-Chyr; Independent Director of Realtek, Ko, Fu-Hwa; Independent Director of Realtek, Hsieh, Yin-Ching; Independent Director of Realtek. Effective date of the new appointment: May 30, 2024.
공시 • May 31Realtek Semiconductor Corp. Announces Board ChangesRealtek Semiconductor Corp. announced board changes. Title and name of the previous position holder: Directors: United Glory Co. Ltd. Representative: Chern, Kuo-Jong, Cotek Pharmaceutical Industry Co. Ltd. Representative: Yeh, Nan-Horng. Independent directors: Tsai, Tyau-Chang, Chen, Fu-Yen, and Lo, Chun-Pa. Resume of the previous position holder: Directors: United Glory Co. Ltd. Representative: Chern, Kuo-Jong; Chief Financial Officer of Realtek, otek Pharmaceutical Industry Co. Ltd. Representative: Yeh, Nan-Horng; Director of Realtek. Independent directors: Tsai, Tyau-Chang; Johnson Law office Lawyer, Chen, Fu-Yen; Chairman of ezTravel Co. Ltd., Lo, Chun-Pa; Investment Vice President of De Jie Investment Co. Ltd. Title and name of the new position holder: Directors: Taotech Co. Ltd. Representative: Yeh, Po-Len, Dejia Investment Co. Ltd. Representative: Yeh, Ming-Han. Independent directors: Yang, Pan-Chyr, Ko, Fu-Hwa, Hsieh, Yin-Ching. Resume of the new position holder: Directors: Dejia Investment Co. Ltd. Representative: Yeh, Ming-Han; Chairman of Dejia Investment Co. Ltd. Independent directors: ang, Pan-Chyr; Professor, Department of Internal Medicine, College of Medicine, National Taiwan University, Ko, Fu-Hwa; Managing Owner of SEMI DA Advisory LLC, Hsieh, Yin-Ching; Founder of Shay & Partners and leader of the TMT team. Effective date of the new appointment: May 30, 2024.
Reported Earnings • May 15First quarter 2024 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2024 results: EPS: NT$6.10 (up from NT$3.50 in 1Q 2023). Revenue: NT$25.6b (up 31% from 1Q 2023). Net income: NT$3.13b (up 75% from 1Q 2023). Profit margin: 12% (up from 9.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Price Target Changed • Apr 22Price target increased by 7.6% to NT$568Up from NT$528, the current price target is an average from 15 analysts. New target price is 13% above last closing price of NT$504. Stock is up 37% over the past year. The company is forecast to post earnings per share of NT$27.44 for next year compared to NT$17.85 last year.
공시 • Apr 13Realtek Semiconductor Corp. to Report Q1, 2024 Results on Apr 19, 2024Realtek Semiconductor Corp. announced that they will report Q1, 2024 results on Apr 19, 2024
Price Target Changed • Mar 18Price target increased by 7.7% to NT$520Up from NT$483, the current price target is an average from 15 analysts. New target price is 12% below last closing price of NT$590. Stock is up 51% over the past year. The company is forecast to post earnings per share of NT$28.01 for next year compared to NT$17.85 last year.
Reported Earnings • Feb 29Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$17.85 (down from NT$31.62 in FY 2022). Revenue: NT$95.2b (down 15% from FY 2022). Net income: NT$9.15b (down 44% from FY 2022). Profit margin: 9.6% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
공시 • Feb 28Realtek Semiconductor Corp., Annual General Meeting, May 30, 2024Realtek Semiconductor Corp., Annual General Meeting, May 30, 2024. Location: No.1, Industry East 2nd Road, Hsinchu Science Park Hsinchu Taiwan Agenda: To consider Business report of 2023; to consider Audit Committee's review report; to consider report 2023 employees compensation and directors remuneration; to consider report 2023 cash dividends distribution from retained earnings; to consider report 2023 related party transactions; to consider 2023 business report and financial statements; to consider distribution of 2023 retained earnings; and to consider other matters.
Buy Or Sell Opportunity • Feb 27Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to NT$571. The fair value is estimated to be NT$472, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 7.8%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 60% in the next 2 years.
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$548, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$472 per share.
Price Target Changed • Feb 03Price target increased by 8.2% to NT$474Up from NT$438, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of NT$470. Stock is up 35% over the past year. The company is forecast to post earnings per share of NT$17.67 for next year compared to NT$31.62 last year.
공시 • Jan 29ParkerVision Inc Receives Favorable Markman Rulings in Infringement Actions Against MediaTek Inc., MediaTek USA Inc. and Realtek Semiconductor CorpParkerVision Inc. announced that the United States District Court for the Western District of Texas issued its Markman, or claim construction, rulings in ParkerVision's patent infringement actions against MediaTek Inc. and MediaTek USA Inc. and Realtek Semiconductor Corp. The Court's claim constructions are largely favorable to ParkerVision. The Court held back-to-back Markman hearings on Friday, January 26, 2024, for the MediaTek and Realtek actions. Consistent with its standard practice, the Court issued preliminary rulings on the disputed claim constructions in advance of the Markman hearings. The Markman hearings were then held to allow the parties to present arguments with regard to any of the Court's preliminary rulings that they wished the Court to reconsider and/or fine-tune. In ParkerVision v. MediaTek, the Court adopted ParkerVision's proposed claim constructions for 13 of 16 disputed terms while adopting two proposed terms for MediaTek, and one term the Court construed on its own. In ParkerVision v. Realtek, the Court adopted ParkerVision's proposed claim constructions for nine of 10 disputed terms, with the one remaining term being a combination of the proposals from both parties. These MediaTek and Realtek infringement actions were initially filed in November 2022 and allege infringement against both parties of the same four ParkerVision patents. Both cases are scheduled for jury trial in December 2024. The Company has inter partes review actions pending against one of the patents. In 2023, ParkerVision filed two additional infringement cases against MediaTek and one new infringement case against Realtek alleging infringement of different ParkerVision patents.
Reported Earnings • Nov 15Third quarter 2023 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2023 results: EPS: NT$5.01 (down from NT$8.20 in 3Q 2022). Revenue: NT$26.7b (down 10% from 3Q 2022). Net income: NT$2.57b (down 39% from 3Q 2022). Profit margin: 9.6% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year.
Upcoming Dividend • Sep 04Upcoming dividend of NT$27.00 per share at 6.3% yieldEligible shareholders must have bought the stock before 11 September 2023. Payment date: 06 October 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.3%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.3%).
공시 • Aug 25Realtek Semiconductor Corp. Announces Total Cash Dividend, Payable on October 6, 2023Realtek Semiconductor Corp. announced Cash dividends from retained earnings: TWD 13,334,454,666 (TWD 26 per share). The dividend is payable on October 6, 2023 with ex-rights (ex-dividend) trading date of September 11, 2023 and ex-rights (ex-dividend) record date of September 17, 2023.
New Risk • Aug 13New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 17% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 129% Cash payout ratio: 275% Minor Risk Profit margins are more than 30% lower than last year (11% net profit margin).
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$5.08 (vs NT$9.12 in 2Q 2022)Second quarter 2023 results: EPS: NT$5.08 (down from NT$9.12 in 2Q 2022). Revenue: NT$26.3b (down 14% from 2Q 2022). Net income: NT$2.61b (down 44% from 2Q 2022). Profit margin: 9.9% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
New Risk • Jun 25New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 108% Cash payout ratio: 244% Dividend yield: 6.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Price Target Changed • Apr 25Price target increased by 7.4% to NT$381Up from NT$355, the current price target is an average from 14 analysts. New target price is 11% above last closing price of NT$345. Stock is down 9.6% over the past year. The company is forecast to post earnings per share of NT$19.67 for next year compared to NT$31.62 last year.
Reported Earnings • Mar 02Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: NT$31.62 (down from NT$33.00 in FY 2021). Revenue: NT$111.8b (up 6.0% from FY 2021). Net income: NT$16.2b (down 3.8% from FY 2021). Profit margin: 14% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 1.2%. Revenue is forecast to stay flat during the next 2 years compared to a 8.3% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Mar 01Price target increased by 8.1% to NT$340Up from NT$315, the current price target is an average from 13 analysts. New target price is 11% below last closing price of NT$380. Stock is down 19% over the past year. The company is forecast to post earnings per share of NT$30.87 for next year compared to NT$33.00 last year.
공시 • Feb 01Ubiik and Realtek Announce Nimbus 220, a Dedicated NB-IoT Module for Upper 700 MHz A Block (3GPP band 103) - Perfect for Utilities and IoT ApplicationsUbiik has joined forces with Realtek Semiconductor Corporation, to deliver Nimbus 220, an NB-IoT module based on Realtek RTL9518 chipset, and optimized for operation in Upper 700 MHz A Block band. This is an important development for the utility and IoT markets in the US, as the joint development will allow license holders of Band 103 to fully utilize this prime 1 MHz paired spectrum by leveraging advanced features such as non-anchor carriers and Non-IP Data Delivery (NIDD). After Select Spectrum and Access Spectrum have announced that the Upper 700 MHz A Block is officially designated in 3GPP Release 16 as "NB-IoT Band 103" for 4G and 5G services, Ubiik and Realtek are now partnering on the development of this NB-IoT module allowing Ubiik's cellular base station goRAN™ to address current gaps in the North American market for band 103 (787-788 MHz uplink and 757-758 MHz downlink). With NB-IoT using as little as 180 kHz of spectrum, and being able to scale up by utilizing multiple carriers simultaneously, companies who are currently utilizing this band now have the possibility to add standard-compliant NB-IoT to deliver affordable, long-range connectivity to low-power or low-throughput devices. With this partnership, Ubiik aims to expand its reach in the North American market and provide customers with reliable private LTE connectivity. The module, whose embedded processing unit can support ANSI meters and other applications/protocols, will be launched together with goRAN™ base stations and showcased at Distributech 2023 booth #1637 in San Diego from February 7th to 9th, 2023.
Reported Earnings • Nov 16Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$8.20 (down from NT$9.57 in 3Q 2021). Revenue: NT$29.8b (up 2.8% from 3Q 2021). Net income: NT$4.21b (down 14% from 3Q 2021). Profit margin: 14% (down from 17% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.5%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Tyau-Chang Tsai was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 13Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$8.20 (down from NT$9.57 in 3Q 2021). Revenue: NT$29.8b (up 2.8% from 3Q 2021). Net income: NT$4.21b (down 14% from 3Q 2021). Profit margin: 14% (down from 17% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.5%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Oct 29Price target decreased to NT$313Down from NT$356, the current price target is an average from 13 analysts. New target price is 22% above last closing price of NT$256. Stock is down 49% over the past year. The company is forecast to post earnings per share of NT$33.12 for next year compared to NT$33.00 last year.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$234, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$421 per share.
Price Target Changed • Oct 07Price target decreased to NT$363Down from NT$391, the current price target is an average from 13 analysts. New target price is 40% above last closing price of NT$260. Stock is down 46% over the past year. The company is forecast to post earnings per share of NT$33.96 for next year compared to NT$33.00 last year.
Upcoming Dividend • Sep 05Upcoming dividend of NT$27.00 per shareEligible shareholders must have bought the stock before 12 September 2022. Payment date: 07 October 2022. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 9.1%. Within top quartile of Taiwanese dividend payers (6.5%). Higher than average of industry peers (3.7%).
Reported Earnings • Aug 14Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$9.12 (up from NT$8.43 in 2Q 2021). Revenue: NT$30.5b (up 18% from 2Q 2021). Net income: NT$4.68b (up 8.7% from 2Q 2021). Profit margin: 15% (down from 17% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 6.1%, compared to a 20% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Jul 30Price target decreased to NT$430Down from NT$482, the current price target is an average from 13 analysts. New target price is 26% above last closing price of NT$342. Stock is down 42% over the past year. The company is forecast to post earnings per share of NT$35.66 for next year compared to NT$33.00 last year.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$372, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 85% over the past three years.
Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$313, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Semiconductor industry in Taiwan. Total returns to shareholders of 56% over the past three years.
Reported Earnings • May 14First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: NT$10.15 (up from NT$5.98 in 1Q 2021). Revenue: NT$29.8b (up 28% from 1Q 2021). Net income: NT$5.19b (up 70% from 1Q 2021). Profit margin: 17% (up from 13% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 9.1%, compared to a 23% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 27Price target decreased to NT$502Down from NT$562, the current price target is an average from 14 analysts. New target price is 31% above last closing price of NT$383. Stock is down 29% over the past year. The company is forecast to post earnings per share of NT$37.50 for next year compared to NT$33.00 last year.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Fu-Yen Chen was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 01Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: NT$33.00 (up from NT$17.24 in FY 2020). Revenue: NT$105.5b (up 36% from FY 2020). Net income: NT$16.9b (up 92% from FY 2020). Profit margin: 16% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 12%, compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$9.57 (vs NT$4.91 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$29.0b (up 29% from 3Q 2020). Net income: NT$4.89b (up 95% from 3Q 2020). Profit margin: 17% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Sep 01Upcoming dividend of NT$14.00 per shareEligible shareholders must have bought the stock before 08 September 2021. Payment date: 07 October 2021. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.1%).
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS NT$8.43 (vs NT$3.97 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$25.8b (up 49% from 2Q 2020). Net income: NT$4.30b (up 112% from 2Q 2020). Profit margin: 17% (up from 12% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Jul 27Price target increased to NT$635Up from NT$581, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of NT$613. Stock is up 69% over the past year.
