Movement Alert|KIOXIA HLDGS CORP Rises 5.61% in Pre-Market Trading, Semiconductor Sector Recovery Combined with Nomura Target Price Upgrade Boosts Sentiment

Market Focus07-20

On July 20, KIOXIA HLDGS CORP rose 5.61% in pre-market trading, trading at $36.5/share, with Turnover of $11,800. The rebound comes as the broader semiconductor sector staged a collective recovery, with peers Micron Technology up 4.96% and SK hynix up 4.88%, lifting sentiment across memory chip names.

The stock had previously plunged over 52% from its June peak, erasing more than 29.5 trillion yen in market capitalization. Against this extreme oversold backdrop, Nomura Securities raised its target price for Kioxia to 126,000 yen on July 16, reiterating a buy rating. The core thesis centers on NAND flash bit prices continuing to climb beyond expectations amid supply shortages, with the April-to-June quarter bit price growth forecast revised upward to +70% quarter-over-quarter. Nomura also lifted its FY2028 operating profit estimate to 10.7 trillion yen from 9.8 trillion yen.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment