Hermes Microvision’s shares hit new record high
Semiconductor solution provider Hermes Microvision’s (HMI,
) shares topped NT$2,000 to hit a new record on the over-thecounter (OTC) market yesterday.
The news came just one day after Largan Precision Co.’s (
) shares reached NT$3,000 to hit a new record in the Taiwan Stock Exchange Corporation (TSEC).
Both Largan and Hermes’ share prices edged up further yesterday, with the latter realizing a larger scale of increase.
While fellow semiconductor firms Intel Corp. and Taiwan Semiconductor Manufacturing Company (TSMC, ) underperformed due to their capital expenditure adjustment, Hermes received a great many orders from the North American market, based on a report released in March.
It is indicative of a strong demand for semiconductor equipment, which consequently led to Hermes’ record price, said analysts.
Hermes’ share price rose NT$130 to arrive at NT$2,020. Its share price of NT$1,910 one day prior made a record then.
The share has shot up NT$400 so far this year, as the company’s market cap exceeded NT$140 billion yesterday.
Hermes’ Upward Trajectory
Hermes said earlier that its sales went to the bottom in the first quarter, but expect a clear rebound in the second. European-based foreign investors concurred and forecast an annual growth of between 25 and 35 percent in sales.
Foreign institutional investors began to acquire Hermes’ shares this week, pushing its price upward.
Advances in manufacturing technologies are driving new demand for Hermes’ E-bean inspection tools, paving the way for further growth.
Hermes was listed in 2012 at the price of NT$208. An investor who acquired its shares back then would realize a 10.5-fold rate of return.
One day after hitting a record, Largan’s share price continued to climb yesterday. It gained NT$120 to close at NT$3,065, with the firm now valued at NT$411.14 billion.
Largan is scheduled to hold a shareholders’ conference on June 10. Institutional investors predict it will pay a lower dividend than in the past. The dividend policy will be announced 40 days in advance
of the meeting, the company said.
An Upbeat Sentiment in Market
Driven by market bellwether Largan, and blue chips such as TSMC and Advanced Semiconductor Engineering Inc. (ASE, ), the weighted index on the Taiwan Stock Exchange closed up 79.02 points, or 0.82 percent, at 9,613 points, on turnover of NT$102.39 billion.
TSMC gained 0.7 percent to close at NT$143.50. ASE rose 2.33 percent to end at NT$43.85.
The upbeat sentiment also spread to other Apple concept stocks, such as Catcher Technology ( ) and Pegatron Corp. (
), which rose 6.76 percent and 1.85 percent, respectively.
Computer maker Asustek Computer Inc. ( ) rose 3.92 percent to close at NT$331.50; Compal Electronics Inc. ( ) claimed 1.61 percent to end at NT$28.45; Quanta Computer Inc. ( ) dipped 0.26 percent to close at NT$77.00.