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Advanced Analog Technology, Inc. (3438) AI Stock Analysis

TW:3438

Advanced Analog Technology, Inc.

(TPEx:3438)

Select Model
Rating:53Neutral
Price Target:TWD 49.00â–¼(-2.00% Downside)
Action:initiatedcoverage
Date:11/10/26

Strong balance sheet is the primary positive factor, while bearish technicals and cyclical profitability pressures weigh on the overall score.

Positive Factors
Near-debt-free balance sheetEffectively negligible debt gives the company substantial financial flexibility and low solvency risk. This conservative funding structure can help it withstand demand weakness, preserve investment capacity, and avoid interest burdens that could otherwise pressure earnings and cash flow.
Negative Factors
Revenue decline and margin compressionThe 2025 revenue contraction and materially lower net and EBITDA margins indicate weaker demand or mix and reduced operating leverage. If this pattern persists, it could limit earnings growth, reduce reinvestment capacity, and leave profitability below the company’s earlier peak levels.

Advanced Analog Technology, Inc. (3438) vs. SPDR S&P 500 ETF (SPY)

-20%0%20%40%60%80%TW:3438+14.04%SPY+14.30%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 2.35B
Dividend Yield
3.00%
Average Volume (3M)
91.45K
Price to Earnings (P/E)
33.6
Beta (1Y)
1.20
Revenue Growth
-11.08%
EPS Growth
111.39%
Country
TW
Employees
127
Sector
General
Sector Strength
55
Industry
Semiconductors

Advanced Analog Technology, Inc. Business Overview & Revenue Model

Company Description

Advanced Analog Technology, Inc. (AAT) specializes in the creation and advancement of analog integrated circuits, serving markets within Taiwan and globally. The company's extensive product range includes adaptable Power Management Integrated Circuit...

Advanced Analog Technology, Inc. Financial Statement Overview

Summary

Strong balance sheet with near-zero debt-to-equity and growing equity provides resilience, offset by volatile revenues and compressed profit margins from semiconductor industry cycles.

Income Statement

47Neutral

Balance Sheet

84Very Positive

Cash Flow

56Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue916.29M1.01B963.37M879.69M1.04B1.58B
Gross Profit327.25M342.10M367.35M272.48M354.65M665.92M
EBITDA98.83M100.80M140.11M58.88M182.23M348.74M
Net Income69.91M47.09M71.27M42.00K108.06M242.48M
Balance Sheet
Total Assets3.35B2.47B2.45B2.13B1.58B2.00B
Cash, Cash Equivalents and Short-Term Investments946.64M724.84M647.76M413.95M300.81M555.50M
Total Debt144.00K337.00K718.00K1.09M1.04M87.25M
Total Liabilities585.81M328.64M338.77M244.92M147.20M442.95M
Stockholders Equity2.76B2.14B2.11B1.89B1.43B1.55B
Cash Flow
Free Cash Flow58.57M42.45M166.13M177.13M5.42M113.85M
Operating Cash Flow73.58M76.38M204.95M227.35M60.52M158.13M
Investing Cash Flow273.20M98.36M-14.16M-81.67M-58.03M16.81M
Financing Cash Flow-71.13M-71.12M-23.99M-65.54M-257.17M-71.10M

Advanced Analog Technology, Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:3438 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:4951TW:495173OutperformTWD 2.53B12.05―5.99%3.87%39.70%
TW:6716TW:671660NeutralTWD 2.31B10.21―1.99%36.28%399.93%
TW:6233TW:623356NeutralTWD 2.74B68.37―2.13%2.62%―
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:3438TW:343853NeutralTWD 2.34B33.56―3.00%-11.08%111.39%
TW:3207TW:320734UnderperformTWD 1.96B-13.53――17.17%-859.04%

* General Sector Average

Performance Comparison

0%100%TW:3438TW:3207TW:4951TW:6233TW:6423TW:6716Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:3438 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:3438Advanced Analog Technology, Inc.50.005.2711.79%
TW:3207Yao Sheng Electronic Co., Ltd.28.95-39.55-57.74%
TW:4951Feature Integration Technology Inc.75.109.3714.26%
TW:6233Prolific Technology Inc.35.2516.0483.49%
TW:6423Yield Microelectronics Corporation80.006.538.89%
TW:6716PADAUK Technology Co., Ltd.80.3029.0056.53%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 09, 2026