Earnings Alerts

GigaDevice Semiconductor (603986) Earnings Skyrocket: Preliminary 1H Net Income Up 54%

  • GigaDevice Semiconductor’s preliminary net income for the first half of 2024 increased by about 54%.
  • The net income is approximately 518 million yuan.
  • Market analysts’ recommendations include:
    • 26 Buy ratings
    • 4 Hold ratings
    • 1 Sell rating

A look at GigaDevice Semiconductor Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth2
Resilience5
Momentum5
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

When we look at the long-term outlook for GigaDevice Semiconductor, the company seems to be in a solid position according to Smartkarma’s Smart Scores. With a Resilience score of 5 and Momentum score of 5, the company appears to be well-equipped to weather uncertainties and capitalize on market trends. While the Value, Dividend, and Growth scores are rated at 2 each, indicating moderate performance in these areas, the strong Resilience and Momentum scores suggest a promising outlook for GigaDevice Semiconductor in the long run.

GigaDevice Semiconductor Inc. specializes in manufacturing and distributing non-volatile memory devices such as memory cards, controllers, flash chips, and integrated circuits. In addition to its core business of producing memory-related products, the company is also engaged in goods and technology import/export activities. Overall, GigaDevice Semiconductor’s Smart Scores paint a picture of a company with a stable foundation and potential for growth and adaptability in the ever-evolving semiconductor industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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