On August 7, INNOSCIENCE rose 5.52% in regular trading, trading at 45.5 HKD/share, with turnover of 2.03 billion HKD.
On the news front, the semiconductor sector collectively strengthened, creating a notable sector linkage effect. Among peer stocks, GIGADEVICE rose 8.21%, ILUVATAR COREX rose 7.02%, HUA HONG GRACE rose 3.29%, MONTAGE TECH rose 3.22%, and SMIC rose 2.07%. The broad-based rally across chip names provided upward momentum for INNOSCIENCE.
On the fundamental side, Dongwu Securities previously initiated coverage on INNOSCIENCE with a Buy rating and a target price of 96.90 HKD, citing the company's 8-inch GaN-on-Si mass production platform advantages, as well as long-term growth elasticity in AI power supply and automotive electronics. Additionally, the ongoing penetration shift from silicon-based to GaN solutions in data center power and the capacity expansion at the company's Suzhou facility provide medium-term support.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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