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Rohm (OTC:ROHCY) Stock, Option Chain

Rohm

Rohm Co Ltd is a Japan-based company that manufactures and distributes electronic components for use in automotive, transportation, medical, healthcare, audiovisual, telecommunications, digital power, computer and peripherals, and home appliance end markets. Its product portfolio includes integrated circuits in memory, amplifiers, switches, data converters, and microcontrollers; discrete semiconductors, such as transistors and diodes; power devices; passive devices, such as resistors and capacitors; and optoelectronic devices.

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In a report, Chinese-language business daily Caixin said that silicon carbide wafer manufacturers will be the biggest beneficiary of the increasing competition between China’s EV makers.

&#34;Everybody Is Fighting For Silicon Carbide Wafers&#34;  Says China State Fund Manager

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TOSYY


	The chances of Toshiba Corp&#39;s (OTC: TOSYY) preferred bidder securing letters of commitment from banks are unlikely by year-end as disputes over lending terms persist after months of negotiations.


Toshiba Deal Battles Uncertainty As Preferred Bidder Fails To Reach Agreement With Lenders

Rohm Co Ltd

In an era of global interconnectivity, The Perfect Stocks Portfolio has embraced a truly international approach to value investing, incorporating companies from diverse markets including the United States, China, Switzerland, Denmark, Greece, Singapore, Hong Kong, and Japan. This strategic global diversification follows the time-tested principles of Benjamin Graham, the founder of modern security analysis and father of value investing.
Investment Philosophy and Strategy
The portfolio&#8217;s foundation rests on Graham&#8217;s fundamental criteria for selecting stocks: profitable companies that pay dividends and maintain strong balance sheets. This global approach is particularly relevant today, as the United States currently represents 60-70% of global market cap—a level not seen since the 1970s, before a significant market correction.
While maintaining a focus on liquidity and ensuring all stocks can be traded in the United States, the portfolio seeks high-quality, dividend-paying, undervalued companies worldwide. This approach takes advantage of valuation distortions across different markets while recognizing the interconnected nature of global business.
Current Market Environment
The U.S. market maintains a strong uptrend, continuing its 20-month momentum with only brief interruptions. Despite rapid interest rate increases, the American consumer has demonstrated remarkable resilience, maintaining spending levels that keep pace with inflation. This strength is exemplified by recent impressive earnings from companies like Costco, which reported better-than-expected revenue and earnings growth.
The job market remains healthy, though showing signs of moderation. Wage pressure has been kept in check by productivity increases and legal immigration. However, inflation remains sticky around 3%, with recent Producer Price Index (PPI) data surprising to the upside.
Regional Market Updates
China has implemented a $1.4 trillion stimulus program—its most aggressive monetary policy since 2008-2009. While market expectations vary between 4-5% growth, the administration&#8217;s commitment to economic reinvigoration suggests potential for additional stimulus measures.
Japan's economy shows moderate recovery with consumer spending and capital investment growth. The Bank of Japan&#8217;s upcoming policy decisions are closely watched, with mixed expectations regarding potential rate hikes. The country recently approved a $250 billion stimulus package to support household spending and economic activity.
Europe markets face ongoing challenges, though the European Central Bank has implemented a 25-basis-point rate cut. While inflation control has improved, growth remains a concern. The United Kingdom continues to navigate political and economic challenges.
Portfolio Performance Highlights
Recent portfolio performance has been mixed, with notable movements including:
<ul>
<li>Hello Group (Ticker: MOMO) (Chinese internet company): Leading performer with 16% growth </li>
<li>Johnson Outdoors (Ticker: JOUT) Positive returns despite weak earnings </li>
<li>Union Industrial Holdings: Strong monthly performance </li>
<li>Shipping companies and semiconductor stocks: Temporary underperformance</li>
</ul>
Portfolio News
ROHM Semiconductor (Ticker: ROHCY) and Nanjing SemiDrive Technology Ltd. have jointly developed a smart cockpit reference design, integrating SemiDrive&#8217;s X9M and X9E automotive System-on-Chips (S with ROHM&#8217;s Power Management ICs (PMICs), Serializer/Deserializer (SerDes) ICs, and LED driver ICs. This collaboration aims to enhance the functionality and efficiency of vehicle cockpits, supporting up to three display projections and four Advanced Driver Assistance System (ADAS) cameras. Several automakers have adopted the reference design to advance smart cockpit applications.
The collaboration between ROHM Semiconductor and SemiDrive represents an important advancement in smart cockpit technology. To understand its significance, let&#8217;s first break down what a smart cockpit is and why this reference design matters.
A smart cockpit in modern vehicles is essentially the command center where all driver information, entertainment, and control systems come together. Think of it as the digital dashboard and control interface that helps drivers interact with their vehicle&#8217;s various systems.
The key innovation here lies in the integration of several sophisticated components:
The foundation is built on SemiDrive&#8217;s X9M and X9E automotive System-on-Chips. These are like the brains of the operation &#8211; imagine them as powerful computers condensed onto single chips, specifically designed for automotive use. They handle the complex processing needed for multiple displays and cameras.
A.P. Moller-Maersk (Ticker: AMKBY), a leading Danish shipping and logistics company, anticipates a 5% to 7% growth in global container volumes for 2025, driven by robust U.S. demand amid potential port strikes and tariffs on foreign goods.
&nbsp;This outlook contrasts with recent trends; in 2023, Maersk reported a 6% decline in loaded volumes during the second quarter compared to the same period in 2022, reflecting a broader industry downturn.
&nbsp;The company has also implemented significant cost-cutting measures, including plans to reduce its workforce by approximately 10,000 positions in response to challenging market conditions.
Johnson Outdoors Inc. (Ticker: JOUT), a global innovator in outdoor recreation equipment and technology, reported a challenging fiscal year ending September 27, 2024. The company faced an 11% decline in revenue, totaling $592.8 million, attributed to market challenges and competitive pressures across all segments. This downturn led to an operating loss of $43.5 million, a significant drop from the previous year&#8217;s operating profit of $11.7 million.
The fiscal fourth quarter saw net sales of $105.9 million, up $9.5 million from the same period last year. However, the quarter ended with an operating loss of $42.8 million, exacerbated by increased promotional pricing, a shift toward lower-margin products, and inventory reserves on slow-moving and obsolete stock.
Despite these challenges, Johnson Outdoors maintained a strong financial position, reporting $162.0 million in cash and investments as of September 27, 2024, with no debt. The company remains focused on consumer-driven innovation, enhancing go-to-market strategies, and improving operational efficiencies to achieve long-term profitable growth.
Africa Oil Corp. (Ticker: AOIHF) recently concluded a share buyback program and initiated a new one. Between December 2 and December 6, 2024, the company repurchased 815,000 shares, with 320,000 shares acquired on the TSX and 495,000 on Nasdaq Stockholm. The transactions were executed by Scotia Capital Inc. and Pareto Securities, respectively. All repurchased shares will be cancelled.
Under the share buyback program launched on December 4, 2023, which expired on December 5, 2024, Africa Oil repurchased a total of 23,987,632 common shares, falling short of the authorized maximum of 38,654,702 shares.
On December 6, 2024, the company initiated a new share buyback program, repurchasing 174,000 shares on its first day. This program allows for a maximum of 18,362,364 shares to be repurchased over 12 months, concluding on December 5, 2025. Both programs comply with the EU Market Abuse Regulation, Safe Harbour Regulation, and the relevant Canadian and Swedish securities laws.
Industry Diversification
The portfolio maintains broad sector exposure including:
<ul>
<li>Semiconductors and integrated circuits </li>
<li>Shipping and transportation </li>
<li>Outdoor recreation (camping, fishing, boating) </li>
<li>Social networks and e-commerce </li>
<li>Manufacturing (automotive, electronics, medical equipment) </li>
<li>Oil and gas exploration and production </li>
<li>Consumer Goods </li>
<li>Electronic components</li>
</ul>
Investment Outlook
While the portfolio may appear conservative, its strategy of focusing on undervalued, dividend-paying companies with strong balance sheets has historically outperformed the broader market. This approach, grounded in Graham&#8217;s time-tested principles, continues to offer a steady, conservative path to long-term market outperformance through global diversification and value investing principles.

In a report, Chinese-language business daily Caixin said that silicon carbide wafer&nbsp;manufacturers will be the biggest beneficiary of the increasing competition between China&rsquo;s EV makers.
The report quotes a Chinese investment manager who declined to be named as a result of his position. Caixin is China&#39;s leading business daily and its reporters are closely networked with China government officials.&nbsp;
Caixin reports that high-quality SiC chips produced by international manufacturers vs. lower-quality Chinese wafers are increasingly hard to find, and that there is a pressure on supply.
&ldquo;Everybody is fighting for SiC wafers,&rdquo; the investment manager told Caixin. &ldquo;It is hard to lay hands on wafers produced by first-tier major international suppliers, such as Wolfspeed, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wolf#NYSE">WOLF</a>),&rdquo; the manager said.
The world&rsquo;s largest SiC wafer manufacturers comprise STMicroelectronics N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stm#NYSE">STM</a>), Infineon Technologies AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ifnny#OTC">IFNNY</a>), Wolfspeed, Rohm Co. Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/rohcy#OTC">ROHCY</a>), ON Semiconductor Corp. and Allegro Microsystems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/algm#NASDAQ">ALGM</a>). The source said that these companies in particular would be seeing increasing demand over the near-term.
&ldquo;It is expected that the demand for SiC wafers will still exceed the supply in the next one to two years,&rdquo; the source said. &nbsp;
&ldquo;Although it is possible to buy wafers produced by second-tier suppliers, such as SICC Co. Ltd. and TanKeBlue Semiconductor Co. Ltd., it will take a long time for them to deliver the orders as much of their production capacity is taken by orders from major suppliers, like Infineon Technologies AG. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ifnny#OTC">IFNNY</a>).&rdquo;
Automakers such as Li Auto Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/li#NASDAQ">LI</a>), XPeng Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NYSE">XPEV</a>), Nio Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) and Geely Automobile Holdings Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/gelyf#OTC">GELYF</a>) have recently adopted SiC waifers, which create much faster charging capabilities for energy efficient vehicles.
Tesla Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) was the first automaker to introduce SiC wafers, although the company has since said it has figured out ways to cut back on its usage of Silicon Carbide chips as part of its cost-reduction strategy to make its cars more profitable.
Traditional car makers turning to the EV market such as Mercedes-Benz Group AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mbgaf#OTC">MBGAF</a>), BMW (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bmwyy#OTC">BMWYY</a>), Volkswagen AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vwapy#OTC">VWAPY</a>) and Toyota Motor Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) in particular are ordering increasing numbers of SiC wafers to fuel them as unlike Tesla, they have not figured out ways to cut back on their usage, according to China VCs.
All this demand in an increasingly-crowded EV space is putting upward pressure on prices of SiC waifers as suppliers can&rsquo;t keep up with the demand from automakers, the Caixin report said. If Li Auto alone wanted to use SiC chips in all its June delivery vehicles, it would need 5,000 six-inch SiC waifers which is more than any production line in China can supply in a month, Lu Xiaobao, managing director of China VC CAS Star told Caixin.

"Everybody Is Fighting For Silicon Carbide Wafers"  Says China State Fund Manager

<ul>
<li>The chances of&nbsp;Toshiba Corp&#39;s&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tosyy#OTC">TOSYY</a>) preferred bidder securing letters of commitment from banks are unlikely by year-end as disputes over lending terms persist after months of negotiations.</li>
<li>A consortium led by&nbsp;Japan Industrial Partners Inc&nbsp;explored bank financing totaling &yen;1.4 trillion ($10.6 billion)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/22/10/29232360/toshiba-picked-japan-industrial-partners-led-group-as-preferred-bidder" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">to take Toshiba private</a>. However, negotiations have stalled over covenants and collateral, Bloomberg&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-12-30/toshiba-deal-faces-more-uncertainty-as-financing-talks-stall?srnd=technology-vp" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reports</a>.</li>
<li>JIP has also requested additional subordinated loans and other forms of mezzanine capital, with talks still ongoing.</li>
<li>Banks, including&nbsp;Sumitomo Mitsui Banking Corp, had expected to sign off by end-December on &yen;1.2 trillion in syndicated loans to help finance the buyout deal and another &yen;200 billion to cover operational costs. No financing commitment is now possible until the new year.</li>
<li>The buyout deal will likely be worth &yen;2.2 trillion. JIP plans to decide on an offer price once it secures commitment letters.&nbsp;</li>
<li>Toshiba may hold a special committee meeting in mid-January to discuss JIP&#39;s offer.</li>
<li>Japan&#39;s iconic brand, sullied by years of scandals and rising financing costs, had difficulty securing bank financing.</li>
<li>The lenders may ask Toshiba to nominate one or more directors to its board.</li>
<li>JIP secured another &yen;1 trillion of financing from 20 potential&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29382650/toshiba-bags-16b-valuation-in-takeover-bid" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">co-investors to back its offer</a>. The co-investors included Japanese&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/11/29742961/chipmaker-rohm-plans-joining-jip-for-toshiba-takeover-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">companies like</a>&nbsp;Rohm Co Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/rohcy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ROHCY</a>) and financial services firm&nbsp;Orix Corp&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ix#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">IX</a>).</li>
<li>Price Action:&nbsp;TOSYY shares traded at $17.52 in the premarket on the last check Friday.</li>
</ul>

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Stocks That Hit 52-Week Highs On Tuesday

The hopes of the U.S. and China clinching a trade deal are soaring as a&nbsp;<a href="https://www.financialexpress.com/economy/us-china-trade-talks-shift-from-beijing-to-washington-as-donald-trump-xi-jinpings-march-1-deadline-looms/1492122/">March 1 </a> deadline draws close.
As analysts deliberate several permutations and combinations that are likely to be packaged into the deal, a CNBC report suggested China may opt to increase its semiconductor imports from the U.S. to $200 billion over the next six years.
<h3>The Analyst</h3>
Discussing the likely impact of such a development, Rosenblatt Securities analyst Jun Zhang said he has Buy ratings on QUALCOMM, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>), Lumentum Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lite#NASDAQ">LITE</a>), NeoPhotonics Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nptn#NYSE">NPTN</a>) and Texas Instruments Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txn#NASDAQ">TXN</a>). Zhang has a Neutral rating on Inphi Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iphi#NYSE">IPHI</a>).
<h3>The Environment Today</h3>
China&#39;s semiconductor imports from the U.S. have totaled roughly $10 billion annually in recent years, Zhang said in a Tuesday note. With most U.S. suppliers packaging their products in Taiwan, the nation has earned the distinction of being the largest semiconductor exporter to China, he said.&nbsp;
The analyst estimates that U.S. component suppliers have a 50-percent share in&nbsp;the $200 billion to $300 billion in products China exports every year.
<h3>A New Scenario</h3>
If China requires <a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/01/12952545/goldman-sachs-shares-semiconductor-stock-picks-for-a-ch"> U.S. semiconductor companies </a> to move packaging to China, Zhang estimates that American&nbsp;exports to China would grow by five to six times. Under such a scenario, U.S. component suppliers would account for about $100 billion of U.S. exports to China every year, he said.&nbsp;
Any impact on the Taiwanese supply chain from a potential Chinese move to increase orders from U.S. component suppliers in 2019 &mdash; and move packaging from Taiwan to China &mdash; would be more short-term than mid-term, the analyst said.&nbsp;
Zhang expects the anticipated change to positively impact Chinese telecom vendors such as Huawei and high-tech companies, as he said they&#39;re the biggest buyers of semiconductors from U.S. suppliers.
<h3>Rosenblatt Names Potential Beneficiaries</h3>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/02/13073689/sell-side-stays-on-sidelines-with-qualcomm-awaits-reso">Qualcomm </a> is expected to benefit at the expense of MediaTek, as the latter still lacks a 5G smartphone chipset.
U.S. chip equipment makers such as Veeco Instruments Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/veco#NASDAQ">VECO</a>) and Lam Research Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrcx#NASDAQ">LRCX</a>) are likely to take share from European and Japanese companies such as AIXTRON SE (OTC: <a class="ticker" href="https://www.benzinga.com/stock/aixxf#OTC">AIXXF</a>) and TOKYO ELECTRON/ADR (OTC: <a class="ticker" href="https://www.benzinga.com/stock/toely#OTC">TOELY</a>), as China ramps up its internal semiconductor industry.
U.S. communication chipset suppliers such as Lumentum, NeoPhotonics and Inphi would see increased use of their chipsets by Chinese telecom equipment vendors.
As China plunges headlong into the electric vehicle market over the next three years, Cypress Semiconductor Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cy#NASDAQ">CY</a>), Texas Instruments, ON Semiconductor Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/on#NASDAQ">ON</a>) and Cree, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cree#NASDAQ">CREE</a>) are likely to take share from NXP Semiconductors NV (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nxpi#NASDAQ">NXPI</a>), Infineon Technologies AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ifnny#OTC">IFNNY</a>) and ROHM CO LTD/ADR (OTC: <a class="ticker" href="https://www.benzinga.com/stock/rohcy#OTC">ROHCY</a>).
<h3>Memory Prices Could Drop&nbsp;</h3>
Rosenblatt expects memory prices to take a beating from a potential deal. If China buys more memory products from Micron Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mu#NASDAQ">MU</a>), the firm expects Samsung to aggressively slash prices in a bid to maintain market share and push OEMs to buy other types of U.S. components.
Related Links:
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/02/13188126/analysts-shrug-off-applied-materials-weak-q2-guidance-r">Analysts Shrug Off Applied Material&#39;s Weak Q2 Guidance; RBC Says Sector Bottom Likely In 3-4 Months </a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/01/13064391/after-maxim-integrated-products-tough-q2-mkm-finds-mean">After Maxim Integrated Products&#39; Tough Q2, MKM Finds &#39;Meaningful Long-Term Positive&#39; In Revenue Diversification </a>

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Semiconductor Winners, Losers In A Potential Sino-American Trade Deal

As the global semiconductor demand surges, driven by industry milestones and technological advancements, robust growth is anticipated in 2024. Hence, fundamentally strong semiconductor stocks, ROHM Co. (ROHCY), Trio-Tech (TRT), Nikon (NINOY), and Photronics (PLAB), might be suitable stocks to invest in this year. Read more… Surging semiconductor demand is propelled by consumer electronics and growing applications, emphasizing the need for advanced memory chips. Therefore, investors could consider adding top semiconductor stocks ROHM Co., Ltd. (<a href="https://stocknews.com/stock/ROHCY/">ROHCY</a>), Trio-Tech International (<a href="https://stocknews.com/stock/TRT/">TRT</a>), Nikon Corporation (<a href="https://stocknews.com/stock/NINOY/">NINOY</a>), and Photronics, Inc. (<a href="https://stocknews.com/stock/PLAB/">PLAB</a>) to their portfolios this year.
The global semiconductor industry is primarily driven by rapid technological innovation. The automotive industry's reliance on electronic components, the proliferation of IoT devices, and the integration of Artificial Intelligence (AI) and Machine Learning (ML) also play significant roles.
The global semiconductor market is projected to grow at a <a href="https://www.fortunebusinessinsights.com/semiconductor-market-102365">CAGR of 12.2%</a> to reach $1.38 trillion by 2029.
Besides, the Semiconductor Industry Association (SIA) <a href="https://www.semiconductors.org/commerce-department-announcement-marks-milestone-in-chips-implementation/">hails the CHIPS Act as a milestone</a>, highlighting its role in bolstering U.S. semiconductor production and innovation. Moreover, over $200 billion in private investments and 40,000 jobs in the semiconductor ecosystem signal significant progress in the chips sector this year.
In addition, increasing demand for miniature devices and advanced electronics, coupled with 5G and IoT advancements, fuels growth in the global semiconductor manufacturing equipment market. Automation adoption in industries further boosts demand for specialized semiconductors, contributing to market expansion.
In 2023, the global semiconductor manufacturing equipment market was estimated at $103.10 billion and is expected to expand at a <a href="https://www.grandviewresearch.com/industry-analysis/semiconductor-manufacturing-equipment-market-report">CAGR of 7.9%</a> from 2024 to 2030.
Furthermore, International Data Corporation (IDC) anticipates a rebound in the global semiconductor market driven by normalized PC and smartphone inventory levels, electrification of manufacturing, and the introduction of AI-enabled devices. IDC predicts a <a href="https://www.computerworld.com/article/3710570/global-semiconductor-sales-to-jump-20-in-2024-idc.html">20.2% year-over-year growth</a> in 2024, fueled by U.S. demand and increasing AI server and endpoint device needs.
Considering these conducive trends, let's examine the fundamentals of four <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> stock picks, beginning with the fourth choice.
Stock #4: ROHM Co., Ltd. (<a href="https://stocknews.com/stock/ROHCY/">ROHCY</a>)
Based in Kyoto, Japan, ROHCY designs and manufactures integrated circuits and electronic components, offering analog ICs, diodes, transistors, and power modules for diverse applications in the electronics industry. The company operates through segments like LSI Integrated Circuits; Discrete Semiconductor Devices; and Modules.
On December 8, 2023, ROHCY and Toshiba Electronic Devices &amp; Storage Corporation partnered to manufacture power devices, receiving support from the Ministry of Economy, Trade and Industry.
The collaboration aims to enhance supply capabilities in silicon carbide (SiC) and silicon (Si) power devices, contributing to a stable semiconductor supply chain in Japan and supporting the government's goals.
ROHCY's trailing-12-month EBIT margin of 14.72% is 199.1% higher than the industry average of 4.92%. Its 27.60% trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> margin is 193.2% higher than the 9.42% industry average.
In the six months that ended September 30, 2023, ROHCY's net sales and gross profit stood at YEN239.32 billion ($1.70 billion) and YEN80.16 billion ($568.24 million), respectively. The company's net cash provided by operating activities amounted to YEN42.90 billion ($304.10 million).
As of September 30, 2023, ROHCY's total assets amounted to YEN1.45 trillion ($10.28 billion), compared to its total assets of YEN1.12 trillion ($7.96 billion) as of March 31, 2023.
Street expects ROHCY's revenue to grow 12.3% year-over-year to $3.94 billion for the fiscal year ending March 2025.
ROHCY's shares have gained 1.5% over the past year to close the last trading session at $18.47.
ROHCY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its positive prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
ROHCY has a B grade for Value, Momentum, and Stability. Within the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry, it is ranked #21 among 91 stocks.
In addition to the POWR Ratings stated above, one can access ROHCY's additional Growth, Sentiment, and Quality ratings <a href="https://stocknews.com/stock/ROHCY/">here</a>.
Stock #3: Trio-Tech International (<a href="https://stocknews.com/stock/TRT/">TRT</a>)
TRT offers semiconductor manufacturing, testing, and distribution services globally. The company specializes in developing test equipment and provides testing services for semiconductor manufacturers.
TRT's trailing-12-month EBITDA margin of 16.62% is 76.5% higher than the industry average of 4.42%. Its 8.28% trailing-12-month CAPEX / Sales is 250.2% higher than the 2.37% industry average.
In the first quarter ended September 30, TRT generated revenue and net income of $9.97 million and $207 thousand. The company's EPS stood at $0.05. Its operating expenses declined 1.3% year-over-year to $2.52 million.
TRT's shares increased 10.5% over the past nine months to close the last trading session at $5.07.
TRT's POWR Ratings reflect this sound outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
The stock has an A grade for Value and Momentum and a B for Sentiment. Within the same industry, it is ranked #16.
Click <a href="https://stocknews.com/stock/TRT/">here</a> for TRT's additional Growth, Stability, and Quality ratings.
Stock #2: Nikon Corporation (<a href="https://stocknews.com/stock/NINOY/">NINOY</a>)
Headquartered in Minato, Japan, NINOY is recognized for manufacturing optical instruments, including digital cameras and precision equipment. Their diverse product range spans imaging, healthcare, components, and industrial equipment.
On December 6, 2023, NINOY announced the upcoming launch of the NSR-S636E ArF immersion scanner, which is scheduled for this month. The system boasts superior overlay accuracy and ultra-high throughput for advanced semiconductor manufacturing, including 3D devices.
It incorporates an enhanced iAS for precise wafer measurement, promising a 10-15% increase in overall output compared to previous models.
NINOY's trailing-12-month gross profit margin of 44.57% is 26.7% higher than the industry average of 35.47%. Its 11.90% trailing-12-month EBITDA margin is 9.1% higher than the 10.91% industry average.
During the six months ended September 30, 2023, NINOY's revenue and gross profit increased 14.9% and 7.5% from the prior-year quarter to YEN331.30 billion ($2.35 billion) and YEN142.07 billion ($1.01 billion), respectively.  The company reported an EPS of YEN28.15. 
As of September 30, 2023, NINOY's assets amounted to YEN1.10 trillion ($7.78 billion), compared to its YEN1.05 trillion ($7.44 billion) as of March 31, 2023.
For the fiscal year ending March 31, 2024, the company anticipates revenue to grow 9.9% to YEN690 billion ($4.89 billion). Additionally, the operating profit is expected to be YEN34 billion ($24.01 million).
Analysts expect NINOY's revenue to grow 52.6% year-over-year to $4.67 billion for the fiscal year ending March 2024.
The stock has gained 10.8% over the past year to close the last trading session at $9.82.
NINOY's positive outlook is reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A for Momentum and a B for Value and Stability. Within the same industry, it is ranked #13.
To see NINOY's additional POWR Ratings for Growth, Sentiment, and Quality, click <a href="https://stocknews.com/stock/NINOY/">here</a>.
Stock #1: Photronics, Inc. (<a href="https://stocknews.com/stock/PLAB/">PLAB</a>)
PLAB is a global manufacturer and seller of photomask products used in the production of integrated circuits and flat panel displays. The company serves semiconductor and FPD manufacturers worldwide, offering essential components for transferring circuit patterns onto semiconductor wafers and FPD substrates.
PLAB's trailing-12-month EBIT margin of 28.37% is 476.2% higher than the industry average of 4.92%. Its 37.43% trailing-12-month EBITDA margin is 304.7% higher than the 9.25% industry average.
In the fourth quarter, which ended October 31, 2023, PLAB reported revenue of $227.47 million, up 8.2% year-over-year. The company's non-GAAP net income and EPS grew 19.7% and 17.6% from the previous-year quarter to $37.25 million and $0.60, respectively.
Moreover, its cash, cash equivalents, and restricted cash at the end of the period amounted to $501.87 million, up 55.7% from the prior-year quarter.
For the first quarter of fiscal 2024, the company anticipates revenue in the range of $217 million to $225 million. Additionally, the projected non-GAAP net income attributable to PLAB shareholders is expected to be in the range of $0.45 and $0.53 per share.
Street expects PLAB's revenue and EPS to rise 4.2% and 22.5% year-over-year to $220 million and $0.49, respectively, for the first quarter ending January 2024. The company surpassed the revenue and EPS estimates in three of the trailing four quarters, which is impressive.
The stock has gained 90.4% over the past nine months to close the last trading session at $31.37.
PLAB's optimistic fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It has an A grade for Momentum and a B for Value, Sentiment, and Quality. Within the same industry, it is ranked first.
To see PLAB's additional POWR Ratings for Growth and Stability, click <a href="https://stocknews.com/stock/PLAB/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
ROHCY shares were trading at $18.89 per share on Tuesday afternoon, up $0.42 (+2.27%). Year-to-date, ROHCY has gained 2.27%, versus a -0.53% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/rohcy-ninoy-plab-trt-4-dynamic-semiconductor-stocks-to-invest-in-for-2024/>4 Dynamic Semiconductor Stocks to Invest in for 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

4 Dynamic Semiconductor Stocks to Invest in for 2024

Tracking A 2024 Slowdown In Silicon Carbide For EVs With Eyes On ON Semiconductor And Wolfspeed

Despite surging demand for AI chips, NVIDIA (NVDA) may have limited upside due to macroeconomic challenges and its elevated valuation. So, investors might consider grabbing chip stocks Skyworks Solutions (SWKS), ROHM Co (ROHCY), and SMART Global Holdings (SGH), which possess the potential to outperform NVDA. Read on… While NVIDIA Corporation (<a href="https://stocknews.com/stock/NVDA/">NVDA</a>) may not be able to sustain its exceptional run due to macroeconomic hurdles and its elevated valuation, there are definitely opportunities to generate superior returns in the dynamic chip industry landscape. Thus, investors looking to capitalize on the favorable industry trends could consider buying Skyworks Solutions, Inc. (<a href="https://stocknews.com/stock/SWKS/">SWKS</a>), ROHM Co., Ltd. (<a href="https://stocknews.com/stock/ROHCY/">ROHCY</a>), and SMART Global Holdings, Inc. (<a href="https://stocknews.com/stock/SGH/">SGH</a>), which hold the potential to outperform NVDA in the upcoming months.
The United States <a href="https://www.reuters.com/technology/us-restricts-exports-some-nvidia-chips-middle-east-countries-filing-2023-08-30/">expands export restrictions</a> on NVDA's AI chips to some countries in the Middle East beyond China. According to the company, this limitation will affect its A100 and H100 chips designed to speed up machine-learning tasks. A few months ago, NVDA's stock fell nearly 4% on fears that widening U.S. chip curbs would sap growth in China, its third largest market, and curtail the AI-driven boom in its business.
NVDA's fiscal third-quarter revenue grew 206% year-over-year to $18.12 billion, handily beating expectations. Its net income increased from $680 million to $9.24 billion. Moreover, management guided 231% year-over-year revenue growth in the next quarter. However, NVDA, which has been at the forefront of artificial intelligence developments with its tailor-made graphics processing units, said its <a href="https://www.cnbc.com/2023/11/22/stock-markets-nvidias-astounding-earnings-might-not-move-markets-.html">China business would take a hit</a> from tighter export controls.
NVDA's valuation also appears significantly elevated. In terms of forward non-GAAP P/E, the stock is trading at 44.68x, 88.2% higher than the 23.74x industry average. Its forward EV/Sales of 22.85x is 696.1% higher than the 2.87x industry average. Moreover, the stock's forward EV/EBITDA multiple of 41.23 is 163.4% higher than the industry average of 15.65.
However, the global semiconductor industry is estimated to grow at a <a href="https://www.prnewswire.com/news-releases/global-semiconductor-industry-outlook-worth-616-5-billion-by-2024---exclusive-report-by-marketsandmarkets-302013645.html">CAGR of 16%</a> to $616.50 billion by 2024 on the back of ongoing product innovation, growing semiconductor demand from AI data centers, next-generation computing, and HPC applications, along with the growth of semiconductors in passenger vehicle and automotive electrification.
Furthermore, government interventions, such as the <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/09/fact-sheet-chips-and-science-act-will-lower-costs-create-jobs-strengthen-supply-chains-and-counter-china/">CHIPS and Science Act</a>, further fortify the semiconductor industry's prospects. The Act sets aside approximately $53 billion toward bolstering semiconductor manufacturing, research, and the creation of a skilled workforce in the U.S.
Given the favorable industry trends, SWKS, ROHCY, and SGH could offer better returns than NVDA. Therefore, let us dive into the fundamentals of these three <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry picks, beginning with number three.
Stock #3: Skyworks Solutions, Inc. (<a href="https://stocknews.com/stock/SWKS/">SWKS</a>)
SWKS, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.
SWKS' trailing-12-month levered FCF margin of 24.55% is 183.9% higher than the industry average of 8.65%. Its trailing-12-month EBIT margin of 24.17% is 391.2% higher than the industry average of 4.92%.
For the fiscal fourth quarter (ended September 39, 2023), SWKS' net <a href="https://www.investopedia.com/terms/r/revenue.asp">revenue</a> came in at $1.22 billion. Its gross profit came in at $478.20 million. The company's net income and EPS came in at $244.80 million and $1.54.
Analysts expect SWKS' revenue to be $1.20 billion for the fiscal quarter ending December 2023. Its EPS is expected to be $1.95 for the same quarter.
SWKS' shares have gained 5.7% over the past three months to close the last trading session at $102.48.
SWKS' <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
SWKS has a B grade for Quality, Momentum, and Value. It is ranked #21 out of 91 stocks in the B-rated <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry. <a href="https://stocknews.com/stock/SWKS/">Click here</a> to see the additional POWR Ratings for SWKS (Growth, Sentiment, and Stability).
Stock #2: ROHM Co., Ltd. (<a href="https://stocknews.com/stock/ROHCY/">ROHCY</a>)
ROHCY, headquartered in Kyoto, Japan, is a global electronic components manufacturer. The company operates in three segments: LSI; Semiconductor Devices; and Modules. Its product portfolio comprises ICs, discrete semiconductor products like MOSFETs, bipolar transistors and diodes, power devices such as power transistors and diodes, and modules.
On December 14, 2023, ROHCY and Quanmatic announced that, as certain benchmarks have been met regarding production efficiency, both companies plan on carrying out full-scale implementation in April 2024. This represents the world's first demonstration of manufacturing process optimization using quantum technology in a large-scale mass production line at a semiconductor manufacturing plant.
On November 8, 2023, ROHCY introduced the BD2311NVX-LB gate driver IC optimized for GaN devices, enabling nanosecond-level gate drive speeds for high-speed switching. This development supports the growing demand for smaller, more energy-efficient applications, particularly in power supply units for server systems and high-speed pulsed laser applications like LiDAR.
The introduction of the ultra-high-speed gate driver reflects ROHCY's commitment to advancing GaN technology, catering to the demand for faster switching devices.
ROHCY's trailing-12-month EBIT margin of 14.72% is 199.3% higher than the industry average of 4.92%. Its trailing-12-month net income margin of 13.45% is 470.4% higher than the industry average of 2.36%.
For the six-month period ended September 30, 2023, ROHCY's net sales came in at ¥239.32 billion ($1.65 billion). Its operating profit came in at ¥29.83 billion ($205.83 million). The company's profit attributable to owners of parent came in at ¥37.31 billion ($257.44 million).
The consensus revenue estimate of $3.43 billion for the year ending March 2024 represents a 6.5% increase year-over-year.
Shares of ROHCY gained marginally intraday to close the last trading session at $18.31.
ROHCY's POWR Ratings reflect its positive outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Momentum, Stability, and Value. The stock is ranked #20 in the same industry. Beyond what is stated above, we've also rated for Growth, Sentiment, and Quality. Get all ROHCY ratings <a href="https://stocknews.com/stock/ROHCY/">here</a>.
Stock #1: SMART Global Holdings, Inc. (<a href="https://stocknews.com/stock/SGH/">SGH</a>)
SGH is a memory-focused company that engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions; Intelligent Platform Solutions; and LED Solutions segments.
On November 30, 2023, SGH announced that the Company, through its wholly-owned subsidiary SMART Modular Technologies (LX), completed its previously announced sale of 81% of SMART Modular Technologies do Brasil – Indústria e Comercio de Componentes Ltda. (SMART Brazil) to Lexar Europe B.V., an affiliate of Shenzhen Longsys Electronics Co., Ltd.
SGH's trailing-12-month EBIT margin of 5.95% is 20.9% higher than the 4.92% industry average. Its trailing-12-month levered FCF margin of 20.98x is 142.5% higher than the 8.65x industry average.
In the first quarter, which ended on December 1, 2023, SGH's total net sales came in at $274.25 million. The company's non-GAAP gross profit came in at $91.28 million, and its operating income stood at $26.68 million. Non-GAAP net income attributable to SGH came in at $12.54 million, and non-GAAP earnings per share came in at $0.24.
Street expects SGH's revenue to come in at $1.21 billion for the year ending August 2024. Its EPS is expected to be $1.17 for the same year. Moreover, the company has an excellent surprise history, surpassing the EPS and revenue estimates in three of the trailing four quarters.
The stock gained 19.7% over the past month to close the last trading session at $21.41.
SGH's robust prospects are reflected in its POWR Ratings. The stock has an overall B rating, equating to a Buy in our proprietary rating system.
The stock has a B grade for Momentum, Sentiment and Value. It is ranked #19 in the Semiconductor &amp; Wireless Chip industry. To access SGH's additional ratings for Quality, Stability, and Growth, <a href="https://stocknews.com/stock/SGH/">click here</a>.
What To Do Next? 
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets: 
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
SWKS shares were unchanged in premarket trading Monday. Year-to-date, SWKS has declined -8.84%, versus a 0.29% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/swks-rohcy-sgh-looking-past-nvda-3-chip-stocks-positioned-for-outperformance/>Looking Past NVDA: 3 Chip Stocks Positioned for Outperformance</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Looking Past NVDA: 3 Chip Stocks Positioned for Outperformance

A 2025 SiC Glut Remains A Risk, But onsemi Is In Better Shape Than In Past Cycles

STMicroelectronics A Q2 Preview, It Benefits From A 10% SiC Wafer Shortage In 2024

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