Novatek stock: Bernstein rates Novatek stock Hold at TWD 490.00 target

Published on 10/20/2026 at 15:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached TWD 28.66 billion. Novatek stock was TWD 568.00 on October 20, 2026 at 1:30 p.m. TST, down 2.91 percent on TWSE.

Bernstein target and earnings

On October 9, 2026, Bernstein SocGen Group assigned Novatek a TWD 490.00 target and Hold rating.
Second-quarter 2026 revenue reached TWD 28.66 billion and net income reached TWD 6.33 billion.
Novatek stock was TWD 568.00 on October 20, 2026, down 2.91 percent from TWD 585.00.
The stock traded at a 19.83 P/E within a TWD 352.00 to TWD 606.00 52-week range.

Novatek, TW0003034005, Illustration mit AI erstellt.

Novatek Microelectronics (ISIN TW0003034005) carried a TWD 490.00 12-month price target and a Hold rating from Bernstein SocGen Group on October 9, 2026, according to Investing.com. The latest reported operating figures show a sharper improvement in earnings than in sales. Novatek stock was TWD 568.00 on the Taiwan Stock Exchange on October 20, 2026 at 1:30 p.m. TST, down 2.91 percent from the TWD 585.00 prior close.

Second-quarter revenue reached TWD 28.66 billion

Novatek reported second-quarter 2026 revenue of TWD 28.66 billion and net income of TWD 6.33 billion. In the comparable second quarter of 2025, revenue was TWD 26.15 billion and net income was TWD 3.74 billion, according to Simply Wall St. That represents revenue growth of 9.59 percent and net income growth of 69.23 percent year over year. Net margin increased from 14.30 percent to 22.10 percent.

TWSE price sits below the yearly high

The TWD 568.00 closing level was TWD 38.00 below Novatek's 52-week high of TWD 606.00 and TWD 216.00 above its low of TWD 352.00. The stock changed by minus 2.91 percent on October 20, 2026, while trading volume reached 3,151,150 shares. The daily move places the stock 6.27 percent below its 52-week high.

Valuation and analyst target

Novatek traded at a P/E of 19.83 on October 20, 2026, with a market capitalization of TWD 345.6 billion. Bernstein SocGen Group's TWD 490.00 target stands 13.73 percent below the TWD 568.00 share price, based on the October 9, 2026 analyst entry. The target therefore sits below the latest market level even as second-quarter net income rose 69.23 percent year over year.

Comparison with peers

Novatek: down 2.91 percent, P/E 19.83, market capitalization TWD 345.6 billion.

Taiwan Semiconductor Manufacturing Company (TWSE, TWD): down 0.62 percent, P/E 24.48, market capitalization TWD 62.4 trillion.

MediaTek (TWSE, TWD): down 1.31 percent, P/E 68.49, market capitalization TWD 6.6 trillion.

What the valuation says

Novatek combines a lower P/E than both comparison companies with second-quarter net income growth of 69.23 percent. Its TWD 490.00 analyst target is the clearest counterweight to that earnings improvement because it implies 13.73 percent downside from the October 20 price.

Price and analyst target

Novatek's TWD 568.00 price on October 20, 2026 was 2.91 percent below the TWD 585.00 prior close. The TWD 490.00 target from October 9, 2026 and the 19.83 P/E provide the main valuation markers for the stock.