Hot Stock: Etron's July Revenue and Profits Shine, Shares Surge 28% to 26-Year High

Etron (5351-TW) announced its July revenue and self-reported profits this week, with monthly revenue surpassing the NT$2 billion mark and profits reaching NT$760 million. Earnings per share (EPS) hit NT$2.32, nearly half of the previous quarter's NT$4.81, reflecting remarkable profit growth. Strong investor demand pushed the stock up 27.88% in one week, reaching a 26-year high.

Etron has recently benefited from a significant rise in memory prices, resulting in consecutive monthly revenue growth. July revenue reached NT$2.125 billion, up 11.7% month-on-month and 590.83% year-on-year, setting another historical high. Cumulative revenue for the first seven months of the year reached NT$9.759 billion, up 481.09% year-on-year, already more than double the full-year revenue of the previous year.

In terms of profitability, Etron's net profit attributable to owners of the parent company in July was NT$760 million, with a net profit margin of 35.8%. This marks an improvement from the previous quarter's net margin of 31.8%. Earnings per share after tax reached NT$2.32.

Additionally, to retain talent, Etron's board of directors approved a share buyback program to transfer treasury shares to employees. The company plans to repurchase 6,600 shares starting August 3, with a buyback price range of NT$66 to NT$100.