Specialty and Performance Chemicals

Nitto Denko Corp.

6988

Nitto Denko (OTCMKTS:NDEKY) stock fell below its 50-day moving average of $20.37, trading as low as $20.24 before closing at $20.41. The company reported Q1 earnings of $0.26 per share, missing estimates of $0.29, with revenue of $1.52 billion against expectations of $1.54 billion. Nitto Denko has a market cap of $13.85 billion and a P/E ratio of 15.58. Analysts maintain a Strong Buy rating, but suggest other stocks may be better investments.

Market Beat

Nitto Denko (OTCMKTS:NDEKY) Stock Passes Below Fifty Day Moving Average   - Here's What Happened

Nitto Denko Corporation (TSE:6988) reported annual results with revenues of JP¥1.0t and earnings per share of JP¥197, leading to a 10% drop in stock price to JP¥3,003. Analysts have updated their forecasts, projecting revenues of JP¥1.05t and EPS of JP¥213 for 2027, indicating a slight growth. The consensus price target remains at JP¥3,766, reflecting stable sentiment despite expectations of slower revenue growth compared to the industry average. Analysts' estimates show a wide range of valuations, suggesting varied opinions on the company's future performance.

Simplywall

Nitto Denko Corporation (TSE:6988) Just Released Its Full-Year Results And Analysts Are Updating Their Estimates

Nitto Denko Corp. (OTCMKTS:NDEKY) experienced a significant decline in short interest, dropping 79.8% in April to 9,553 shares. Currently, 0.0% of its shares are short sold, with a days-to-cover ratio of 0.1 days based on an average daily volume of 116,667 shares. The stock opened at $20.21, up 1.1%, with a market cap of $13.72 billion and a P/E ratio of 15.31. Nitto Denko reported $0.35 EPS for the last quarter, exceeding estimates, and analysts predict 1.3 EPS for the current fiscal year.

Nitto Denko Corp. (OTCMKTS:NDEKY) Short Interest Update

Nitto Denko (OTCMKTS:NDEKY) is set to release its quarterly earnings on April 24, with analysts predicting earnings of $0.2946 per share and revenue of $1.5286 billion. In its last earnings report on January 26, the company reported $0.35 EPS, exceeding estimates. Nitto Denko has a market cap of $14.10 billion and a P/E ratio of 15.74. The company specializes in advanced materials and components for various industries, including electronics and healthcare.

Nitto Denko (NDEKY) Projected to Post Quarterly Earnings on Friday

Nitto Denko Corporation has approved a ¥50 billion share buyback plan, allowing the repurchase of up to 20 million shares, or 2.97% of outstanding stock, by August 31, 2026. This initiative is part of its shareholder return strategy amid changing business conditions. The plan aims to enhance financial flexibility and optimize capital allocation. While the buyback may improve per-share metrics, modest earnings growth poses risks. Current shares are trading 27% above fair value, with varying estimates on their worth. Investors are encouraged to conduct thorough research before making decisions.

Nitto Denko’s New ¥50 Billion Buyback Plan Might Change The Case For Investing In Nitto Denko (TSE:6988)

The protective films market is projected to grow from USD 5.81 billion in 2026 to USD 7.62 billion by 2031, at a CAGR of 5.6%. Key drivers include urbanization, infrastructure development, and increased demand for sustainable solutions. The Asia Pacific region leads the market, with pressure-sensitive adhesive films expected to grow the fastest. Major players include Nitto Denko, 3M, and POLIFILM, focusing on innovation and global distribution. The automotive and electronics industries are significant end-users, highlighting the need for protective films to safeguard products during manufacturing and transportation.

prnewswire

06:40 ETProtective Films Market worth $7.62 billion by 2031 - Exclusive Report by MarketsandMarkets™

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Rohm Semiconductor has partnered with Toshiba and Mitsubishi Electric to form a power semiconductor unit, aiming to enhance Japan's competitiveness in the global market. This collaboration, initiated by Toshiba's TDSC, seeks to create a significant player in the power semiconductor sector, targeting high-growth areas like EVs and renewable energy. The three companies collectively hold 11% of the global market, with plans to strengthen their position against competitors like Infineon Technologies. The move comes amid Denso's interest in acquiring Rohm, complicating the landscape for Japan's semiconductor industry.

EE Times

VanEck Semiconductor ETF

Toshiba

Rohm Co., Ltd.

Mitsubishi Electric

Invesco Semiconductors ETF

First Trust Nasdaq Food & Semicon

DENSO CORPORATION

SPDR S&P Semicon

iShares Semiconductor ETF

Direxion Semicon Bull 3X

Rohm Joins Toshiba and Mitsubishi to Create a Power Chip Titan

Nitto Denko Corp. (OTCMKTS:NDEKY) experienced a significant increase in short interest, rising 32.5% in March to 35,935 shares. Currently, 0.0% of its shares are sold short, with a short-interest ratio of 0.2 days based on an average daily volume of 220,220 shares. The stock is down 3.1%, trading at $18.94, with a market cap of $12.85 billion and a PE ratio of 14.35. Nitto Denko reported $0.35 EPS for the last quarter, exceeding estimates, and analysts expect 1.23 EPS for the current fiscal year.

Nitto Denko Corp. (OTCMKTS:NDEKY) Sees Large Growth in Short Interest

Goldman Sachs analyst Daiki Takayama has reaffirmed a Buy rating on Nitto Denko (NDEKF) with a price target of Yen4,600.00. Takayama, a 4-star analyst with a 15.3% average return and a 61.67% success rate, focuses on the Technology sector. The current analyst consensus for Nitto Denko is a Moderate Buy, with an average price target of Yen4,595.59.

Tip Ranks

Goldman Sachs Reaffirms Their Buy Rating on Nitto Denko (NDEKF)

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Denso Corp. (OTCMKTS:DNZOY) experienced a significant increase in trading volume, with 317,460 shares traded, up 201% from the previous session. The stock is currently priced at $12.8350. Analysts have mixed ratings, with Zacks upgrading it to 'hold' and Goldman Sachs downgrading it to 'neutral.' Denso reported an EPS of $0.34, exceeding estimates, and had a revenue of $12.24 billion. The company has a market cap of $37.12 billion and a PE ratio of 13.86. Analysts expect an EPS of 1.05 for the current fiscal year.

Nitto Denko Corp.(6988.JP)

Nitto Denko (OTCMKTS:NDEKY) Stock Passes Below Fifty Day Moving Average - Here's What Happened

Nitto Denko Corporation (TSE:6988) Just Released Its Full-Year Results And Analysts Are Updating Their Estimates

Nitto Denko Corp. (OTCMKTS:NDEKY) Short Interest Update

Nitto Denko (NDEKY) Projected to Post Quarterly Earnings on Friday

Nitto Denko’s New ¥50 Billion Buyback Plan Might Change The Case For Investing In Nitto Denko (TSE:6988)