Nanya Technology (TWSE:2408) has reported its first quarter 2024 financial results, showing revenue of NT$9.50 billion, a 48% increase from the same period in 2023. The company’s net loss narrowed by 28% to NT$1.21 billion, with a loss of NT$0.39 per share, an improvement from NT$0.54 loss in the first quarter of 2023.
While the earnings and revenue growth for Nanya Technology were below expectations, with revenue missing analyst estimates by just 1.8%, the company forecasts a 36% annual revenue growth over the next three years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. This is positive news for investors looking to invest in this sector.
The performance of the Taiwanese Semiconductor industry has been positive, with an increase of 5.3% in Nanya Technology’s shares from a week ago. However, it’s important to note that there are still risks associated with investing in Nanya Technology, as one warning sign has been identified.
For those interested in valuing Nanya Technology, it’s recommended to check out a comprehensive analysis that includes fair value estimates, risks, dividends, insider transactions, and financial health. This article by Simply Wall St provides general commentary based on historical data and analyst forecasts but should not be taken as financial advice. It’s crucial to conduct your own research and consider your own objectives and financial situation before making any investment decisions.
