Capital securities issued a research report on January 28, saying that it maintained the buy rating of Gigadevice Semiconductor (Beijing) Inc(603986) (603986. SH). The reasons for rating mainly include: 1) outstanding performance in 2021, decline in Q4 month on month or due to goodwill impairment; 2) Norflash keeps leading and expects to increase the proportion of large capacity and automobile industry; 3) Benefiting from the lack of core and domestic substitution, MCU has a large volume; 4) The proportion of self-developed DRAM is expected to increase significantly, driving the overall gross profit of DRAM upward. Risk tip: the supply and demand pattern of the industry has improved, the product R & D is less than expected, and the customer expansion is less than expected.
AI comments: Gigadevice Semiconductor (Beijing) Inc(603986) has received 10 research reports from securities companies in the past month, bought 7, and the average target price is 199.54 yuan.
