HANMI Semiconductor(042700) is surging in early trading after releasing second-quarter results that beat market expectations and posting the largest quarterly sales ever.
As of 9:46 a.m. on the 15th, HANMI Semiconductor was trading at 251,500 won on the Korea Exchange, up 44,000 won (21.20%) from the previous session. The share price at one point in early trading jumped to 253,500 won.
This is seen as the result of HANMI Semiconductor releasing second-quarter results that beat market expectations. The fact that the U.S. Consumer Price Index (CPI) came in lower than expected, improving investor sentiment for artificial intelligence (AI) semiconductor stocks on the New York stock market overnight, also worked positively.
HANMI Semiconductor said the previous day that its operating profit on a consolidation basis in the second quarter of this year was 130.3 billion won, up 51.0% from the same period a year earlier. This is about 8% above the market consensus of 121.0 billion won. The operating margin came in at 51.9%, surpassing 50% for the first time on a quarterly basis and hitting a record high.
Sales for the same period were 251.1 billion won, up 39.5% from a year earlier, setting a new record for the largest quarterly sales since the company's founding.
A HANMI Semiconductor official said this was due to "the rapid increase in demand for TC bonders for high bandwidth memory (HBM) and Micro Saw Vision Placement (MSVP) equipment as semiconductor corporations around the world expanded capital spending on production facilities with the growth of the artificial intelligence (AI) market."
Overnight gains across the New York stock market also improved investor sentiment. On June 14 (local time), the U.S. Consumer Price Index (CPI) for June came in below market expectations, easing concerns about a benchmark interest rate hike, and AI and semiconductor-related stocks rebounded.
At the same time, large-cap semiconductor stocks such as SK hynix and Samsung Electronics were also showing strength on the domestic stock market.