[Alpha Biz= Reporter Kim Sangjin] According to the Korea Financial Investment Association on the 6th, the market capitalization share of Samsung Electronics' common stock in the KOSPI market for September was recorded at 18.61%. When including preferred shares, the market capitalization share rises to 20.72%.

This marks the lowest level since October 2022, when Samsung's market capitalization share was 18.05% for common shares and 20.32% when preferred shares were included.

The primary reason for this decline is the poor performance of Samsung's core semiconductor business. Recently, it has lost its leading position in the high-bandwidth memory (HBM) market, which has surged due to the expansion of the artificial intelligence (AI) market, to SK Hynix, and there have also been delays in shipments to Nvidia.

As a result, securities firms have been consecutively lowering their target prices for Samsung Electronics. Macquarie Securities, for instance, reduced its target price from 125,000 won to 64,000 won on September 25, changing its investment rating from 'Buy' to 'Neutral.'

Most domestic securities firms have also lowered their target prices for Samsung Electronics to below 100,000 won.

 

 

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