Horiba Likely to Capture Further Growth in Semiconductor Field

Dow Jones09-08 09:54

0154 GMT - Horiba is expected to continue capturing further growth in the semiconductor field, say Jefferies analysts in a note. The Japanese precision instruments maker's earnings are reaching record highs, driven by its semiconductor segment, the U.S. bank says. Horiba has commenced operations at its new Fukuchiyama plant in Kyoto, aiming to boost production capacity of mass flow controllers, which are used to regulate gas flow rates in chip making. The Japanese company in August raised its 2028 operating profit target to Y90 billion from Y80 billion, driven by an upgrade in its advanced materials and semiconductor business. Jefferies maintains a buy rating and a target price of 35,000 yen on Horiba. Shares are 2.1% lower at Y22,490.

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