Murata Manufacturing Co Ltd
6981: XTKS (JPN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥1,764.00 | Kyg | Hdznyrmnn |
MLCC Utilization to Pick Up Toward the End of 2024 for Passive Components Suppliers
Business Strategy and Outlook
Murata Manufacturing is a top supplier of passive components, such as the multilayer ceramic capacitor, or MLCC (40% global share), and surface acoustic wave, or SAW, filters (40%-45% global share). While we acknowledge that shipments of digital devices are slowing down, we believe progress in telecommunications technology will be the driver to increase content per device.