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Samsung Electro-Mechanics Gains on AI Demand, KB Securities Raises Target Price on May 4

GateNews
StocksAI Industry News

According to KB Securities on May 4, Samsung Electro-Mechanics maintained a buy rating and raised its target price, citing strong demand for multilayer ceramic capacitors and FC-BGA substrates used in AI servers. The company reported first-quarter revenue of 3.2 trillion won ($2.18 billion) and operating profit of 280.6 billion won ($191 million), up 17% and 40% year-over-year. Q2 guidance projects revenue of 3.3 trillion won ($2.23 billion) and operating profit of 398.3 billion won ($271 million), above analyst estimates.

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