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6735

美達科技 Other Electronics As of 2026-06-17 Updated daily after market close

steady quality, premium valuation.

1 active signal
Revenue ≥20%
This page refreshes daily after the close. Add 美達科技 to your watchlist to track signal changes on your next visit.
Valuation 19Quality 46Growth 95Momentum 87Chips 31

Is 美達科技 a buy? Fundamentals and valuation first

  • Above-average profitability.Operating margin is in the 47th market percentile. Latest quarterly ROE ≈ 1.4%.

  • Valuation is high.PE is in the 94th market percentile.

  • Foreign investors are net selling.Foreign 20-day net flow ≈ -1.1% of volume (net sell).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 155.1%, above the 20% growth threshold.

  • Signals are active now.On the latest data, signals such as Revenue YoY ≥ 20% are active — see the historical forward returns after each occurrence below.

Chip flow

Bearish -0.38
BearishNeutralBullish

Distribution to retail — bearish

  • Distribution to retail — bearish
  • 合庫-西台中 holds 253 lots
  • sellers have 348 lots left, ~130 sessions to clear

Window from 2026-01-17 · Price +40% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 合庫-西台中 has accumulated 253 lots since the start (sold 7%), still adding.
  • Main distributor 摩根大通 peaked at 229 lots, has sold 34%, 150 left, ~125 sessions to clear at the recent pace.
  • TDCC big holders (absolute) >1000-lot holders -5.13pp, mid holders -3, retail +8.13pp — drifting down to retail.
  • Foreign hedge-desk net short Net short -125 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Branch inventory reconstruction
Accumulating holders Branches that accumulated shares during the window and still hold positive inventory; they are the absorbing side.
Distributing sellers Branches that built inventory earlier and have been selling it down; the remaining number estimates what has not cleared.
Net-short desks Trading-desk branches with negative inventory or net selling, often hedge, offsetting, or short-term flow. It is not automatically a bearish view.
Accumulating
合庫-西台中美商高盛元大-基隆國票-南港富邦-頭份群益金鼎-永和
Distributing
摩根大通國泰-敦南合庫-台中台灣摩根士丹利富邦-南屯台新-安南
Desks
own scale
富邦-仁愛新加坡商瑞銀兆豐-南門凱基-桃園
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 合庫-西台中 +253
    sold 7%· still adding
  • 美商高盛 +130
    sold 0%· still adding
  • 元大-基隆 +102
    sold 0%
  • 國票-南港 +81
    sold 0%· still adding
  • 富邦-頭份 +80
    sold 0%
  • 群益金鼎-永和 +80
    sold 0%· still adding

Distributing

  • 摩根大通 150 left
    sold 34%· ~125 sessions to clear
  • 國泰-敦南 114 left
    sold 37%· ~67 sessions to clear
  • 合庫-台中 33 left
    sold 73%· paused recently
  • 台灣摩根士丹利 16 left
    sold 87%· paused recently
  • 富邦-南屯 15 left
    sold 88%· paused recently
  • 台新-安南 35 left
    sold 71%· paused recently

Desks

  • 富邦-仁愛 -1,873
    unclassified
  • 新加坡商瑞銀 -1,449
    hedge desk · will cover
  • 兆豐-南門 -672
    unclassified
  • 凱基-桃園 -262
    unclassified
Still selling 348 lots ~130 sessions to bottom at most
Recent buy/sell force +531 absorbed / -154 sold buyers slightly ahead
Hedge-desk net short -32 lots potential cover-buying, not selling pressure
TDCC big holders · absolute-holding cross-check
>1000-lot holder share Retail (<400 lots) share Price (right axis)

Weak direction: big-holder share fell while retail share rose.

Describes chip flow, not investment advice. Branch data discloses only high-volume branches with ~1-day lag; TDCC is weekly. Inventory is a relative reconstruction from the window start, not absolute holdings.

Historical evidence

Signals active now

These signals are true on the latest data, with this stock's own historical forward-return stats after each occurrence.

Monthly revenue YoY ≥ 20% (from filing deadline)

Active · now 155.07%

Monthly revenue YoY ≥ 20%; event date is the first trading day after the filing deadline (no look-ahead).

39 historical occurrences (since 2022-04-29)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 55.6%, Sample 18, Median +2.62%, Excess -0.82%, Beat mkt rate 44.4%；60-day: Win 31.2%, Sample 16, Median -7.24%, Excess -7.11%, Beat mkt rate 18.8%；120-day: Win 26.7%, Sample 15, Median -13.41%, Excess -14.98%, Beat mkt rate 13.3%

120 days after: historical avg +3.61%

20-day +3.42%
60-day +2.03%
120-day +3.61%
20-day
60-day
120-day
Win
55.6%
31.2%
26.7%
Sample
18
16
15
Median
+2.62%
-7.24%
-13.41%
Excess
-0.82%
-7.11%
-14.98%
Beat mkt rate
44.4%
18.8%
13.3%

Over 15 occurrences, 120-day forward avg gained 3.61%, lagged the market by 14.98 pts; win rate 26.7%.

Does this signal hold up across the market

Over the past 242 months, on average ~404 stocks per month met “monthly revenue YoY ≥ 20%”; their adjusted-close return over the next 60 trading days averaged 6.94% (equal-weighted), beating the market by 2.37 points on average, and outperformed the TAIEX total-return index in 64.5% of months.

Each month, equal-weighted 60-day forward adjusted return of all signal-matching stocks, then averaged across months; excess vs the TAIEX total-return index.

Signals not active (historical stats for reference)

These are not occurring now; historical samples shown for comparison.

252-day price high (breakout)

Pending

Adjusted close makes a new 252-day high; repeats within 20 days counted once.

Foreign net buying for 5 straight days

Pending

Foreign net flow (ex-dealer) positive for 5 straight days; event on day 5; repeats within 20 days counted once.

7 times historically; 60-day forward avg -14.25%, win rate 0%, beating the market by -23.61 pts on average.

What does 美達科技 do? Company profile

其他電子業；半導體測試與量測設備 上櫃

Overview

美達科技成立於2002年5月10日，總部位於新北市中和區連城路268號15樓，另有新竹竹北據點與中國蘇州子公司/據點。公司股票於2019年10月18日登錄興櫃，2022年4月29日上櫃。董事長兼總經理為陳林杰，發言人為王羿人。公開資訊顯示股本約新台幣4.618億元，已發行普通股46,182,292股。主要營業項目為半導體之類比暨混合訊號積體電路測試儀器、半導體測試儀器製造與銷售。員工規模依2024年永續報告書為全球89人；104人力銀行頁面列員工約80人；2025法說摘要/逐字稿類資料提到約105人，因統計口徑與時間不同，採區間方式看待。主要股東與董監持股方面，2025年底公開籌碼資料顯示陳梅開發投資有限公司持股約6,209張、約13.45%，雄維投資股份有限公司約3,847張、約8.33%，錫瑋投資股份有限公司約1,933張、約4.19%，陳林杰約1,631張、約3.53%；董監事合計持股約29.49%。

Business

美達科技定位為半導體、光電與光通訊產業的測試與量測解決方案供應商，業務涵蓋測試系統設計、製造、組裝、行銷、售後技術服務與客製化測試程式/平台支援。主要產品線包括：一、類比暨混合訊號測試解決方案，例如AMIDA 5000、AMIDA 3001XP、AMIDA 3KS、ATI 600等，應用於PMIC、PA、消費性電源管理、行動裝置元件、MOSFET、BJT、二極體等測試；二、高功率測試解決方案，例如IPM、IGBT、高壓大電流測試機，面向SiC/GaN第三代半導體、功率模組、車用電子、智慧電網、節能家電、充電樁、儲能、逆變器與AI伺服器電源；三、影像感測測試解決方案，包括CMOS影像感測器、相機模組、鏡頭、VCSEL、ToF、LiDAR等測試；四、PCI模組與相關測試模組。營收結構方面，MoneyDJ資料指出2024年混合信號產品約78%、影像感測產品約12%；2025年法說摘要指出公司產品重心轉向Power與Sensor，2025上半年高壓大電流產品營收占比已達約63%，混合信號整體仍為主要來源，PA/PMIC成熟產品比重下降。銷售區域方面，2024年內銷約53%、外銷約47%；2025上半年外銷比重提升至約86.1%，並在新加坡、泰國、馬來西亞、菲律賓及美國等市場透過經銷或據點拓展。公司商業模式以設備銷售、客製化測試解決方案、系統整合及售後服務為主，客戶多為IC設計、晶圓製造、封裝測試、光通訊與感測元件相關業者；公司未完整揭露客戶名單，年報曾揭露存在單一銷貨客戶占比超過30%的銷貨集中情形。

Outlook 2025–2028

2025年上半年公司營運承壓，法說摘要指出2025Q2營收約1.28億元、毛利率約42%、稅後淨損約2,588萬元、EPS約-0.56元，主要受存貨跌價/呆滯損失、產品組合轉換及成熟PA/PMIC產品比重降低影響；但下半年營收回溫，2025全年營收約3.43億元、年減約4.81%。截至2026年5月，單月營收3,749.9萬元、年增約155.08%，2026年1至5月累計營收1.6615億元、年增約67.66%至67.67%，顯示高功率與海外需求對短期營收有支撐。2025至2028年主要成長動能包括：一、SiC/GaN第三代半導體擴大用於電動車、快充、太陽能逆變器、儲能與AI伺服器電源，帶動高壓大電流、晶圓級老化與可靠度測試需求；二、AI伺服器電源模組功率密度提升，對高功率元件測試規格要求提高；三、LiDAR、VCSEL、ToF、CIS在ADAS、智慧眼鏡、AR/VR、無人機、機器人與車用感測中的應用擴大，支撐感測測試解決方案；四、公司正在推進SiC晶圓級老化測試系統MX300B，法說摘要稱2025年正式發表或驗證，部分資料推估2026年下半年起可能貢獻營收；五、公司規劃高壓大電流測試能力由6000V/2000A往更高電壓如10000V需求發展。主要風險包括：半導體資本支出循環波動、客戶訂單集中、部分新產品驗證期長且出貨時點不確定、外銷比重提高帶來匯率與地緣政治風險、國際大廠Teradyne/Advantest/Cohu技術與資源優勢、庫存跌價與產品組合導致毛利率恢復速度不確定、光學零件與高精密模組外購成本較高、消費性電子復甦力道不足可能拖累PA/PMIC等成熟產品線。

Supply Chain

Upstream
  • 艾睿電子 MoneyDJ列為主要供應商之一，供應各類IC、電子零組件或通路服務；母公司Arrow Electronics為美國上市公司，非台股掛牌。
  • 光頡科技 3624 MoneyDJ列為主要供應商之一；光頡為台股上櫃公司，主要供應電阻等被動元件，屬美達測試設備所需零組件來源之一。
  • 允豐 MoneyDJ列為主要供應商之一；公開資料未確認為台股上市櫃公司，推定為未上市或非台股掛牌供應商。
  • PCB、機構件、繼電器、電容與高精密光學零件供應商 年報與產業資料指出美達主要原料包括IC、繼電器、電阻、電容、機構件、PCB等；LiDAR/影像感測測試方案另需相機、鏡頭等高價光學品，但公開資料未完整揭露供應商名稱。
Downstream
  • IC設計公司 美達提供IC設計驗證、類比/混合訊號、PA、PMIC與功率元件測試方案；公開資料多以客戶類型揭露，未完整列名。
  • 晶圓製造廠 美達設備可用於晶圓測試CP、SiC/GaN功率元件與晶圓級老化測試；個別客戶未由公司正式揭露。
  • 封裝測試業者 美達提供成品測試FT、Open/Short與高腳數測試方案，應用於封裝後品質檢測；公開資料未完整揭露特定客戶。
  • 光通訊、影像感測、LiDAR/VCSEL模組與車用電子業者 為影像感測與光感測測試解決方案下游客戶群，應用於相機、智慧眼鏡、AR/VR、無人機、機器人、ADAS與車用感測；公司稱國內一線大廠已有採用，但未具名。

Competitors

  • Teradyne, Inc. 全球半導體自動化測試設備大廠，美國上市公司，非台股掛牌；MoneyDJ列為主要國際競爭廠商。
  • Advantest Corporation 全球半導體測試設備大廠，日本上市公司，非台股掛牌；MoneyDJ列為主要國際競爭廠商。
  • Cohu, Inc. 半導體測試與處理設備供應商，美國上市公司，非台股掛牌；MoneyDJ列為主要國際競爭廠商。
  • 致茂電子 2360 台股上市公司，提供電源、半導體與功率元件測試相關設備；在功率半導體、電源與自動化測試領域與美達部分產品線存在競爭或替代關係。
  • 慧友電子/其他台灣測試設備與系統整合業者 台灣本地亦有多家測試設備、測試介面與自動化整合廠商，但與美達在類比/混合訊號ATE、高功率ATE的直接重疊度需逐案確認。
Sources（21）

This company profile is compiled from public sources (annual reports, filings, news and analyst reports), not finlab backtest data; the 2025–2028 outlook contains forward-looking estimates and is for reference only.

Method and limitations

  • All returns use adjusted close (etl:adj_close), already adjusted for dividends and splits.
  • Excess return is measured against the TAIEX total-return index (dividends included).
  • Valuation regime and percentile stats use an expanding own-history window (no future data).
  • Revenue-signal event dates align to the first trading day after the filing deadline, avoiding look-ahead.
  • Event samples may overlap in time; stats describe historical distribution only and are less reliable when samples are few.

This page is historical statistics for educational purposes and is not investment advice. Investing involves risk; past performance does not indicate future results. Assess and bear the risk yourself before trading.