Holtek Semiconductor Inc. AI Stock Analysis
Holtek Semiconductor Inc. (6202) AI Stock Analysis
Holtek Semiconductor Inc.
(TWSE:6202)
The score is anchored by solid fundamentals: a near debt-free, equity-funded balance sheet, strong free cash flow with ~93% conversion of earnings, and improving revenue and margins after the 2023-2024 downturn. This is tempered by profitability that remains far below the 2021 peak, thin operating margins with some dependence on non-operating income, and the inherent volatility of the semiconductor cycle. The main drag is technical: the stock trades well below all major moving averages with a deeply negative MACD, and although oversold readings hint at a possible short-term bounce, the trend remains downward. A P/E of 26.6 against still-recovering earnings leaves valuation stretched, with only a modest 1.6% dividend yield as support.
Holtek Semiconductor Inc. (6202) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 10.53B
- Dividend Yield
- 1.48%
- Average Volume (3M)
- 1.37M
- Price to Earnings (P/E)
- 27.6
- Beta (1Y)
- 1.30
- Revenue Growth
- 15.45%
- EPS Growth
- 170.25%
- Country
- TW
- Employees
- 5,160
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
Holtek Semiconductor Inc. Business Overview & Revenue Model
Company Description
Holtek Semiconductor Inc. engages in the research, development, production, and sale of integrated circuits in Taiwan, China, and internationally. The company provides a range of general purpose and specialized types of microcontrollers (MCU) for use...
Holtek Semiconductor Inc. Financial Statement Overview
Summary
Holtek combines a cyclical earnings recovery with an exceptionally strong balance sheet. Revenue has risen to NT$3.57bn TTM (+9.8%) with gross margin improving to ~43% and a swing back to an ~11% net margin after a 2024 loss. Cash generation is robust, with operating cash flow of ~NT$679mn and free cash flow of ~NT$628mn (+36%), converting ~93% of net income. Debt has been slashed to NT$271mn (debt/equity ~0.06) and equity funds ~72% of assets, leaving low financial risk. Offsetting this, revenue and returns remain roughly half of 2021 peak levels, operating margin is thin at ~10% versus 36% in 2021, reported net income relies partly on non-operating income, and the historical cash flow and earnings swings highlight high cyclicality.
Income Statement
60NeutralBalance Sheet
83Very PositiveCash Flow
76Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.57B | 3.06B | 2.50B | 2.60B | 6.02B | 7.13B |
| Gross Profit | 1.54B | 1.19B | 962.84M | 1.10B | 3.09B | 3.82B |
| EBITDA | 526.90M | 331.27M | -5.71M | 239.46M | 1.51B | 2.74B |
| Net Income | 391.13M | 173.32M | -149.56M | 111.74M | 1.11B | 2.04B |
Balance Sheet | ||||||
| Total Assets | 5.81B | 5.56B | 5.62B | 6.19B | 6.82B | 8.54B |
| Cash, Cash Equivalents and Short-Term Investments | 2.86B | 3.06B | 2.81B | 2.35B | 2.40B | 4.57B |
| Total Debt | 271.23M | 710.12M | 1.09B | 1.11B | 192.19M | 346.06M |
| Total Liabilities | 1.52B | 1.58B | 1.96B | 2.09B | 2.08B | 2.83B |
| Stockholders Equity | 4.20B | 3.92B | 3.60B | 4.04B | 4.68B | 5.66B |
Cash Flow | ||||||
| Free Cash Flow | 628.35M | 263.76M | 193.78M | -224.12M | 449.37M | 2.60B |
| Operating Cash Flow | 678.98M | 380.45M | 310.26M | 4.24M | 530.41M | 2.71B |
| Investing Cash Flow | -229.24M | 435.09M | -98.03M | -189.76M | 1.08B | -1.64B |
| Financing Cash Flow | -619.70M | -219.85M | -155.13M | 92.74M | -1.88B | -1.05B |
Holtek Semiconductor Inc. Peers Comparison
Overall Rating
- TW:620262Neutral
TW:243661Neutral
TW:629160Neutral
TW:354545Neutral
TW:322844Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6202 | 62Neutral | TWD 10.46B | 27.56 | ― | 1.48% | 15.45% | 170.25% |
| TW:2436 | 61Neutral | TWD 11.00B | 9.01 | ― | 3.57% | 25.84% | 214.39% |
| TW:6291 | 60Neutral | TWD 9.32B | 24.34 | ― | 1.93% | 35.76% | 169.17% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3545 | 45Neutral | TWD 10.24B | -9.02 | ― | 1.79% | -20.71% | -280.66% |
| TW:3228 | 44Neutral | TWD 8.63B | -63.66 | ― | ― | 4.58% | 9.27% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6202 | Holtek Semiconductor Inc. | 46.10 | 7.27 | 18.72% | |
| TW:2436 | Weltrend Semiconductor, Inc. | 54.80 | 8.02 | 17.14% | |
| TW:3228 | RDC Semiconductor Co. Ltd. | 121.50 | -18.50 | -13.21% | |
| TW:3545 | FocalTech Systems Co., Ltd. | 45.55 | -8.55 | -15.81% | |
| TW:4925 | JMicron Technology Corporation | 101.50 | 66.97 | 193.91% | |
| TW:6291 | Analog Integrations Corporation | 311.00 | 156.25 | 100.97% |
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