ASM International N.V.

ASM International is an equipment supplier mainly to the semiconductor manufacturing industry. Co. designs, manufactures and sells equipment and services to its customers for the production of semiconductor devices, or integrated circuits. Co.'s front-end segment manufactures and sells equipment used in wafer processing, encompassing the fabrication steps in which silicon wafers are layered with semiconductor devices. Co.'s back-end segment manufactures and sells equipment and materials used in assembly and packaging, encompassing the processes in which silicon wafers are separated into individual circuits and subsequently assembled, packaged and tested.
  • TickerASM
  • ISINNL0000334118
  • ExchangeEuronext Amsterdam
  • SectorTechnology Hardware & Equipment
  • CountryNetherlands
Frederic Yoboue

ASM INTERNATIONAL: A strong conviction | CONVICTION BUY vs. BUY | EUR170 vs. EUR160 (+47%)

ASM INTERNATIONAL - CONVICTION BUY vs. BUY | EUR170 vs. EUR160 (+47%) A strong conviction We reiterate any impact from Intel to be limited Meaningful opportunities in DRAM going forward Another potential catalyst is epitaxy Upgraded to CONVICTION BUY

Frederic Yoboue

Semiconductors & Hardware: Positive momentum for chip sales; we upgrade Infineon to Buy and ASMI to Conviction Buy

Semiconductors & Hardware Positive momentum for chip sales; we upgrade Infineon to Buy and ASMI to Conviction Buy ASMI is a “Conviction Buy” Better recovery than expected for chip sales Strong demand for xEV in Q3; Infineon upgraded to Buy SMIC, next casualty after Huawei?

Alain William ...
  • Amira Manai
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Hana Souissi
  • Hana Jomni
  • Jeremy Garnier
  • Jerôme Bodin
  • Maissa Keskes
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Sebastien Malafosse
  • Stephane Houri
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 09/10/2020

...

Alain William ...
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Hana Jomni
  • Jean Danjou
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Olfa Taamallah
  • Oussema Ettaieb
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/10/2020

...

Alain William ...
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Hana Jomni
  • Jean Danjou
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Olfa Taamallah
  • Oussema Ettaieb
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 10/09/2020

...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Developed Markets Leadership Chart Book

Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompassing bottoms-up chart book for developed ex-U.S., make no mistake, the vast majority of today's buy r...

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Global Ex-U.S. Equity Strategy

In our January 31 International Compass we presented a case for an incrementally improving overall global outlook, with the caveat that market bottoms tend to be a process that develops over many weeks. Since the end of January, not a lot has changed to alter our views. We remain constructive overall and continue to believe that global equities (MSCI ACWI) are going through a bottoming process. Opportunities exist but Sector leadership is mixed. In our February International Strategy, we explore various themes which lead to our overall constructive outlook, along with areas of the market wher...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Stick with leadership: U.S., EM, and Hong Kong Amid the continued heightened volatility and consolidation, global support levels continue to hold and our long-term bullish outlook remains intact. Stick with outperforming markets: U.S., EM, and Hong Kong. • MSCI ACWI internals remain healthy. The MCSI ACWI price and advance-decline (A-D) line uptrends remain intact. This positive breadth signal helps support our bullish outlook... see below • Hong Kong and EM remain leadership, maintain overweights; Within EAFE, favor small-caps. EM relative strength is advancing to yet another new high ...

Frederic Yoboue

ASM INTERNATIONAL: A strong conviction | CONVICTION BUY vs. BUY | EUR170 vs. EUR160 (+47%)

ASM INTERNATIONAL - CONVICTION BUY vs. BUY | EUR170 vs. EUR160 (+47%) A strong conviction We reiterate any impact from Intel to be limited Meaningful opportunities in DRAM going forward Another potential catalyst is epitaxy Upgraded to CONVICTION BUY

Frederic Yoboue

Semiconductors & Hardware: Positive momentum for chip sales; we upgrade Infineon to Buy and ASMI to Conviction Buy

Semiconductors & Hardware Positive momentum for chip sales; we upgrade Infineon to Buy and ASMI to Conviction Buy ASMI is a “Conviction Buy” Better recovery than expected for chip sales Strong demand for xEV in Q3; Infineon upgraded to Buy SMIC, next casualty after Huawei?

Alain William ...
  • Amira Manai
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Hana Souissi
  • Hana Jomni
  • Jeremy Garnier
  • Jerôme Bodin
  • Maissa Keskes
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Sebastien Malafosse
  • Stephane Houri
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 09/10/2020

...

Alain William ...
  • Amira Manai
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Hana Souissi
  • Hana Jomni
  • Jeremy Garnier
  • Jerôme Bodin
  • Maissa Keskes
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Sebastien Malafosse
  • Stephane Houri
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 10/09/2020

...

Emmanuel Matot ...
  • Maissa Keskes
  • Stephane Houri

ODDO : Automotive semiconductors: the climate is improving, and it is time to take a positive stance again on the stocks exposed

>Judging by STM, the automotive semis segment is improving faster than expected and the 2021 outlook is good - Yesterday, in a conference held by a rival broker, Jean Marc Chery (STM CEO) said that Q3 2020 revenues would be above the middle of the guidance range. One of the main reasons for this good news is a sharper-than-expected recovery in the automotive semiconductor segment. The group estimates that vehicle production volumes will exceed 70 million in 2020 (vs a...

Alain William ...
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Hana Jomni
  • Jean Danjou
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Olfa Taamallah
  • Oussema Ettaieb
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/10/2020

...

Alain William ...
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Hana Jomni
  • Jean Danjou
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Olfa Taamallah
  • Oussema Ettaieb
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 10/09/2020

...

Martin Marandon-Carlhian ...
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 09/08/2020

...

Jean Sassus ...
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/08/2020

The future European taxonomy should prove advantageous to groups like Schneider Electric, for which “green sales” already represent 70% and help its clients save an average of 40 Mt in CO2 per annum. On our reckoning, this is equivalent to € 8.3bn in “hidden green value” (€ 15 per share) which could result in more robust future growth. Apart from this ESG impact, the group should see a marked rebound in its results in 2021-2022 with FCF reaching a new threshold thus confirming the ong...

Martin Marandon-Carlhian ...
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 08/09/2020

...

ASM INTERNATIONAL presents increased market risk and shows a lower rating of Slightly Negative

The independent financial analyst theScreener just requalified the risk of ASM INTERNATIONAL (NL), active in the Semiconductors industry. As regards its fundamental valuation, the title receives a new star(s) and now shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and can be qualified as risky. theScreener considers that these elements lead to an overall rating downgrade to Slightly Negative while the title remains exposed to strong pressure. As of the analysis date September 4, 2020, the closing price was EUR 117.25 and its target price was estimated ...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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