Semiconductor market analysis: Rohm significantly adjusts its price target

The average one-year target price for Rohm (TYO:6963) has been revised to 3,571.99 yen per share. This represents a decrease of 76.76% from the previous estimate of 15,370.12 yen, dated August 31, 2023.

This target price is an average of the projections provided by various analysts. The most recent targets range from a low of 965.81 to a high of 4,462.50 yen per share. The average target price represents an increase of 32.03% from the last reported closing price of 2,705.50 yen per share.

Dividend Yield and Payment Policy

At the most recent price, the company's dividend yield is 1.85%.

Additionally, the company's dividend payout ratio is 0.26. This ratio indicates what proportion of a company's earnings is paid out as dividends. A payout ratio of 0.26 suggests that Rohm is retaining a significant portion of its earnings for reinvestment and future growth.

The company's 3-year dividend growth rate is 0.33%, which demonstrates a moderate but steady increase in its dividend payments over time.

Institutional Fund Sentiment

There has been a decrease in the number of institutional owners of Rohm. This represents a reduction of 17 owners or 7.42% in the last quarter. However, the average weight of the portfolio of all funds dedicated to 6963 is 0.15%, which indicates an increase of 1.30%. The total number of shares held by institutions increased by 1.01% in the last three months, reaching 8.35 million shares.

Movements of Institutional Shareholders

Several institutional investors have recently adjusted their holdings in Rohm:

• A firm owns 1.095 billion shares, representing 0.28% ownership of the company. In its previous statement, the firm reported owning 1.082 billion shares, which represents an increase of 1.25%.

• Another firm holds 950,000 shares, representing 0.24% ownership. This represents an increase of 2.11% from its previous position of 930,000 shares.

• A third firm holds 715,000 shares, 0.18% of the total ownership. This marks an increase of 3.97% from its previous position of 686,000 shares.

• A fourth firm has 650,000 shares, equivalent to 0.17% ownership. This represents an increase of 3.31% from its previous declaration of 628,000 shares.

• A fifth firm holds 482,000 shares, representing 0.12% of the ownership. This marks an increase of 1.97% from its previous position of 472,000 shares.

These movements suggest a sustained institutional interest in Rohm, despite the significant reduction in the company's price target.