We reviewed the 30 constituents of the Nikkei Semiconductor Stock Index and compiled the results of comparing their year-to-date returns, changes in forecast EPS, forward P/E ratios and RSI. We assess the divergence between EPS growth and share price momentum among major stocks.
We compared year-to-date returns, forward P/E ratios, forecast EPS and its three-month rate of change, 14-day RSI, and the discount to the 52-week high for the 30 constituents of the Nikkei Semiconductor Stock Index. Overall, forecast EPS has improved year on year for many stocks and share prices have also risen year to date, while recent RSI readings are below 50 for many stocks, indicating weakening short-term momentum.
Ferrotec Holdings Corporation (6890) is a notable example of EPS growth, with EPS expected to have increased 52.9% from 3 months ago. Its forward P/E is 10.9x, below the median. Its 14-day RSI is 35.3, indicating a combination of improving earnings expectations and weak share price momentum. RORZE CORPORATION (6323) shows a similar trend, with EPS up 33.3% over 3 months, a forward P/E of 13.9x, and a 14-day RSI of 42.3.
Across all stocks, 25 have risen year to date, with a median gain of +34.8%, while 27 stocks have an RSI below 50, highlighting differences in price strength between stocks. The analysis suggests that stocks whose earnings are supported by results and outlooks could offer potential buying opportunities depending on future developments.