Corporate Logo(source: samsungsem.com)
Samsung Electro-Mechanics (009150) climbed to another record high on September 3, buoyed by expectations of earnings improvement as analysts highlighted industry recovery and AI-driven demand.
As of 9:35 a.m., shares of Samsung Electro-Mechanics were trading at 174,400 won on the KOSPI, up 4,500 won (2.59%) from the previous session. The stock briefly touched 176,500 won just after the open, setting a new 52-week high for a second consecutive day.
Investor sentiment strengthened after analysts suggested that a revaluation of Samsung Electro-Mechanics’ valuation is underway, driven by positive outlooks for its key businesses.
Kim Min-kyung, an analyst at Hana Securities, noted, “MLCC (multi-layer ceramic capacitors) supply has tightened, particularly for industrial and automotive applications. In AI servers, power consumption is more than ten times higher than conventional servers, requiring the use of high-capacity, high-voltage MLCCs.”
Kim added, “Major MLCC makers, including Samsung Electro-Mechanics, capable of meeting high-value-added demand, are expected to see utilization rates enter the 90% range in the second half. Considering supply and demand dynamics through 2026, the market is likely to remain favorable for suppliers.”
She further highlighted that Samsung Electro-Mechanics’ package business is expected to improve utilization and profitability next year by securing multiple AI accelerator clients. In addition, preparations to supply camera modules for humanoid robots could serve as a new growth driver.
Reflecting this outlook, Kim raised her target price for Samsung Electro-Mechanics from 174,000 won to 240,000 won.
*[KOSPI] Samsung Electro-Mechanics(009150) engages in component business producing passive components(MLCC, chip inductors, chip resistors), optical communication solution business producing camera modules/communication modules, and package solution business producing semiconductor package substrates. The market capitalization is 12.698 trillion won (as of September 2, 2025, closing price).
Corporate Logo(source: samsungsem.com)
Samsung Electro-Mechanics (009150) climbed to another record high on September 3, buoyed by expectations of earnings improvement as analysts highlighted industry recovery and AI-driven demand.
As of 9:35 a.m., shares of Samsung Electro-Mechanics were trading at 174,400 won on the KOSPI, up 4,500 won (2.59%) from the previous session. The stock briefly touched 176,500 won just after the open, setting a new 52-week high for a second consecutive day.
Investor sentiment strengthened after analysts suggested that a revaluation of Samsung Electro-Mechanics’ valuation is underway, driven by positive outlooks for its key businesses.
Kim Min-kyung, an analyst at Hana Securities, noted, “MLCC (multi-layer ceramic capacitors) supply has tightened, particularly for industrial and automotive applications. In AI servers, power consumption is more than ten times higher than conventional servers, requiring the use of high-capacity, high-voltage MLCCs.”
Kim added, “Major MLCC makers, including Samsung Electro-Mechanics, capable of meeting high-value-added demand, are expected to see utilization rates enter the 90% range in the second half. Considering supply and demand dynamics through 2026, the market is likely to remain favorable for suppliers.”
She further highlighted that Samsung Electro-Mechanics’ package business is expected to improve utilization and profitability next year by securing multiple AI accelerator clients. In addition, preparations to supply camera modules for humanoid robots could serve as a new growth driver.
Reflecting this outlook, Kim raised her target price for Samsung Electro-Mechanics from 174,000 won to 240,000 won.
*[KOSPI] Samsung Electro-Mechanics(009150) engages in component business producing passive components(MLCC, chip inductors, chip resistors), optical communication solution business producing camera modules/communication modules, and package solution business producing semiconductor package substrates. The market capitalization is 12.698 trillion won (as of September 2, 2025, closing price).