Shares of 日本マイクロニクス, a major probe-card maker for semiconductor testing, surged after SBI Securities raised its price target to ¥39,700, attracting market attention. The stock closed at ¥16,760, up ¥1,350 from the previous day.
Shares of 日本マイクロニクス, a major probe-card maker for semiconductor testing, rose to close at ¥16,760, recovering to their highest level in approximately 3 months. Buying was prompted by SBI Securities' decision to raise its price target from ¥32,300 to ¥39,700.
In a report dated 6 November, SBI Securities maintained its Buy rating and raised its price target by approximately 23%. The brokerage indicated that the shares appeared undervalued relative to their current price level.
The background is growing demand for probe cards for DRAM. In addition to increased capital investment in HBM, investment by Chinese DRAM manufacturers is also progressing, according to the analysis. Large-scale HBM4 investment by major customers and the resumption of NAND investment in Japan are also expected to provide support.
Earnings forecasts were also revised upward, with operating profit for the fiscal year ending December 2026 expected to reach ¥34.5 billion, 2.1 times the previous fiscal year's figure. Trends toward appropriate equipment pricing were also identified as an opportunity for earnings growth.