Morgan Stanley sets TWD 600 target for Nanya Tech stock

According to Futu on October 12, 2026, Morgan Stanley raised its target for Nanya Technology to TWD 600.00. That target stands 24.87 percent above the Taiwan-listed stock price of TWD 480.50, while the same report retained an Overweight rating. On October 14, 2026 at 1:30 p.m. TST, the stock was down 1.54 percent versus the TWD 488.00 prior close.

Third-quarter profit sets the pace

Taipei Times reported on October 13, 2026 that Nanya Technology's third-quarter net profit reached TWD 87.63 billion, up from TWD 50.19 billion in the second quarter of 2026. Earnings per share rose to TWD 25.40 from TWD 14.66 in the prior quarter, giving the earnings cycle a much stronger base than the first half of 2026.

BigGo reported that third-quarter revenue reached TWD 133.65 billion, up 61.90 percent quarter over quarter, while gross margin reached 85.70 percent. The combination matters for the target: the report said shipment volume declined 4.00 percent to 6.00 percent from the prior quarter, so price increases rather than unit growth drove the result.

Stock remains below its yearly high

Nanya Technology's Taiwan Stock Exchange price stood 15.55 percent below its TWD 569.00 52-week high and 464.12 percent above its TWD 85.00 low on October 14, 2026. Trading volume was 54,547,707 shares against an average volume of 70,202,090 shares, or 22.30 percent below that average.

Valuation and peer comparison

The company had a P/E ratio of 17.72 and a market capitalization of TWD 1.5 trillion as of October 14, 2026. Nanya Technology operates in semiconductors and manufactures DRAM and other memory products, with applications spanning enterprise technology, mobile devices, industrial equipment and automotive systems.

Comparison with peers

Nanya Technology: minus 1.54 percent, P/E 17.72, market capitalization TWD 1.5 trillion
Macronix International (TWSE, TWD): plus 3.29 percent, P/E 26.19, market capitalization TWD 217.7 billion
Winbond Electronics (TWSE, TWD): plus 2.17 percent, P/E 18.21, market capitalization TWD 742.5 billion

Price and market position

At TWD 480.50 on the Taiwan Stock Exchange on October 14, 2026 at 1:30 p.m. TST, Nanya Technology was 24.87 percent below the Morgan Stanley target of TWD 600.00. The valuation gap and the sharp third-quarter earnings improvement leave the target distance as the key market measure in this report.

Market context: Market report TAIEX.

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