Goldman Sachs is bullish on Murata: Strong demand from AI data centers drives the MLCC boom

Glonghui, June 23rd｜Goldman Sachs pointed out in its latest research report that Japan's passive component giant Murata Manufacturing continues to receive high levels of multilayer ceramic capacitor (MLCC) orders, with demand from AI servers and data centers remaining the main driving force. The bank stated that, with MLCC capacity utilization remaining at 90%–95% and ongoing improvements in high-end product structure, Murata’s profits may accelerate further in the second half of the year. Goldman Sachs maintains its “Buy” rating and strong recommendation for Murata Manufacturing, with a 12-month target price of 12,600 yen.