Melexis N.V.

Melexis designs, develops, tests and markets advanced integrated circuits primarily for the automotive industry. Co. sells its products to a wide customer base in the automotive, medical and industrial markets in Europe, Asia and North America. Co.'s main products are Hall effect ICs, Pressure and Acceleration Sensors, Sensor Interface ICs, Automotive Systems-on-a-Chip, Embedded Microcontrollers, Bus System Chips, Optical and Infrared sensors. In each case the products are primarily developed for automotive applications and designated lead customers with subsequent use in commercial and industrial applications.
  • TickerMELE
  • ISINBE0165385973
  • ExchangeEuronext Brussels
  • SectorTechnology Hardware & Equipment
  • CountryBelgium

Analysts

Emmanuel Matot ...
  • Stephane Houri

ODDO : COVID -19 : Un ‘flash crash’, avant une flash recovery?

Nous révisons drastiquement notre scénario 2020 sur le marché des semi-conducteurs à -10% vs +5%. Celui-ci va s’effondrer au T2. Bien que nous croyions (sur ce secteur au moins) au scénario d’une reprise en V (prévision 2021 relevée à +13% vs +8%), le newsflow négatif reste à venir. Certains segments (automobile, industrie) seront plus impactés que d’autres (réseaux, serveurs, stockage…). Nous révisons en moyenne nos BPA 2020e de -37%, 2021e de -24% et nos OC de -27%. En découlen...

Cedric Duinslaeger ...
  • Guy Sips
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Marcel Achterberg
  • Michiel Declercq
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wido Jongman
  • Wim Hoste

Morning Note: BEFB BB, BEKB BB, COMB BB, EURN BB, LOTB BB, MELE BB, RTL BB, UCB BB, XFAB FP

Befimmo: Covid-19 update Bekaert: Decision to halve the dividend vs initial proposal Bois Sauvage: No Happy Easter for UBCM Euronav: When it rains it pours… oil Lotus Bakeries: Seen as part of a vital industry but will be impacted Melexis: Estimates and TP Cut After COVID-19 Warning RTL Group: Withdraws dividend and FY20 outlook UCB: Ra completed, 2020 and mid-term guidance update X-FAB: FY20 View Withdrawn, Lower Estimates and TP Xior: COVID-19 impact Financial Services: Insurers urged to cut SBB & dividends by regulators

Emmanuel Matot ...
  • Stephane Houri

ODDO : COVID -19 : Un ‘flash crash’, avant une flash recovery?

Nous révisons drastiquement notre scénario 2020 sur le marché des semi-conducteurs à -10% vs +5%. Celui-ci va s’effondrer au T2. Bien que nous croyions (sur ce secteur au moins) au scénario d’une reprise en V (prévision 2021 relevée à +13% vs +8%), le newsflow négatif reste à venir. Certains segments (automobile, industrie) seront plus impactés que d’autres (réseaux, serveurs, stockage…). Nous révisons en moyenne nos BPA 2020e de -37%, 2021e de -24% et nos OC de -27%. En découlen...

Alan Vandenberghe ...
  • Bart Cuypers
  • Guy Sips
  • Jason Kalamboussis
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Marcel Achterberg
  • Michiel Declercq
  • Sandra Cauwenberghs
  • Thomas Couvreur
  • Wido Jongman
  • Wim Hoste

Morning Note: ABI BB, AED BB, ATEB BB, BOKA NA, DSM NA, FLOW NA, KBCA BB, MTLS US, MELE BB, MITRA BB, NN NA, RET BB

AB InBev: Issuing $ 6bn Notes Aedifica: Reassuring comments on COVID-19 impact Atenor: Do you dare to take the risk? Boskalis: Covid-19 update with cancellation dividend and SBB DSM: Closing of Glycom acquisition Flow Traders: Making FY2019 revenue in just a few weeks KBC Ancora: Cuts Dividend Materialise: Covid-19 : How 3D printing could save lives Melexis: Withdraws FY20 guidance and final dividend Mithra: COVID-19 update on Donesta phIII, Myring in GE NN Group: Closing VIVAT acquisition, powering ahead Retail Estates: Another COVID-19 update Various: DTPL Update : Barco and HAL in

ING
ING Helpdesk

Benelux Morning Notes

Aalberts: COVID-19 update. Boskalis: COVID-19 Update. B&S Group: COVID-19 update. D'Ieteren: Car registration down 48% in March, VW -39% on COVID-19 lockdown Dutch insurance: Athora injects €400m capital upon VIVAT acquisition completion KBC Ancora: Not paying out a dividend Melexis: Withdraws FY20 guidance, skips final dividend

Dave Nicoski ...
  • John Betz

Int'l Insights: Bullish Stocks

Developed international equities (MSCI EAFE) have been underperforming relative to global equities (MSCI ACWI). So, within EAFE, where would we want to be invested? Our answer: outperforming SMID-caps, as displayed via the 10-year chart (attached). We expect this outperformance to continue; stick with this trend. In today's report we use a bottom-up approach to highlight actionable charts, sorted by market cap (all buys at current levels). Charts highlighted: NMC-GB, ASC-GB, TEMN-CH, EVR-GB, DIM-FR, WCH-DE, KRX-IE, POM-FR, BCVN-CH, WLN-FR, JE-GB, RUI-FR, LOGI-US, 4004-JP, HLMA-GB, ASRNL-NL,...

Emmanuel Matot ...
  • Stephane Houri

ODDO : COVID -19 : Un ‘flash crash’, avant une flash recovery?

Nous révisons drastiquement notre scénario 2020 sur le marché des semi-conducteurs à -10% vs +5%. Celui-ci va s’effondrer au T2. Bien que nous croyions (sur ce secteur au moins) au scénario d’une reprise en V (prévision 2021 relevée à +13% vs +8%), le newsflow négatif reste à venir. Certains segments (automobile, industrie) seront plus impactés que d’autres (réseaux, serveurs, stockage…). Nous révisons en moyenne nos BPA 2020e de -37%, 2021e de -24% et nos OC de -27%. En découlen...

Cedric Duinslaeger ...
  • Guy Sips
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Marcel Achterberg
  • Michiel Declercq
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wido Jongman
  • Wim Hoste

Morning Note: BEFB BB, BEKB BB, COMB BB, EURN BB, LOTB BB, MELE BB, RTL BB, UCB BB, XFAB FP

Befimmo: Covid-19 update Bekaert: Decision to halve the dividend vs initial proposal Bois Sauvage: No Happy Easter for UBCM Euronav: When it rains it pours… oil Lotus Bakeries: Seen as part of a vital industry but will be impacted Melexis: Estimates and TP Cut After COVID-19 Warning RTL Group: Withdraws dividend and FY20 outlook UCB: Ra completed, 2020 and mid-term guidance update X-FAB: FY20 View Withdrawn, Lower Estimates and TP Xior: COVID-19 impact Financial Services: Insurers urged to cut SBB & dividends by regulators

Emmanuel Matot ...
  • Stephane Houri

ODDO : COVID -19 : Un ‘flash crash’, avant une flash recovery?

Nous révisons drastiquement notre scénario 2020 sur le marché des semi-conducteurs à -10% vs +5%. Celui-ci va s’effondrer au T2. Bien que nous croyions (sur ce secteur au moins) au scénario d’une reprise en V (prévision 2021 relevée à +13% vs +8%), le newsflow négatif reste à venir. Certains segments (automobile, industrie) seront plus impactés que d’autres (réseaux, serveurs, stockage…). Nous révisons en moyenne nos BPA 2020e de -37%, 2021e de -24% et nos OC de -27%. En découlen...

Alan Vandenberghe ...
  • Bart Cuypers
  • Guy Sips
  • Jason Kalamboussis
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Marcel Achterberg
  • Michiel Declercq
  • Sandra Cauwenberghs
  • Thomas Couvreur
  • Wido Jongman
  • Wim Hoste

Morning Note: ABI BB, AED BB, ATEB BB, BOKA NA, DSM NA, FLOW NA, KBCA BB, MTLS US, MELE BB, MITRA BB, NN NA, RET BB

AB InBev: Issuing $ 6bn Notes Aedifica: Reassuring comments on COVID-19 impact Atenor: Do you dare to take the risk? Boskalis: Covid-19 update with cancellation dividend and SBB DSM: Closing of Glycom acquisition Flow Traders: Making FY2019 revenue in just a few weeks KBC Ancora: Cuts Dividend Materialise: Covid-19 : How 3D printing could save lives Melexis: Withdraws FY20 guidance and final dividend Mithra: COVID-19 update on Donesta phIII, Myring in GE NN Group: Closing VIVAT acquisition, powering ahead Retail Estates: Another COVID-19 update Various: DTPL Update : Barco and HAL in

ING
ING Helpdesk

Benelux Morning Notes

Aalberts: COVID-19 update. Boskalis: COVID-19 Update. B&S Group: COVID-19 update. D'Ieteren: Car registration down 48% in March, VW -39% on COVID-19 lockdown Dutch insurance: Athora injects €400m capital upon VIVAT acquisition completion KBC Ancora: Not paying out a dividend Melexis: Withdraws FY20 guidance, skips final dividend

Charles Lepetitpas ...
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Johanna Jourdain
  • Matthias Desmarais
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 03/03/2020

...

Charles Lepetitpas ...
  • Emira Sagaama
  • Emmanuel Matot
  • Jerôme Bodin
  • Matthias Desmarais
  • Nicolas David
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/03/2020

The recent correction has opened up opportunities. We have calculated an impact of -5% on Q1 2020 EBIT from COVID-19. Above all, we think: i/ organic growth momentum will remain higher than the sector’s; ii/ the acquisitions model is intact; and iii/ the issue with the EBIT margin, which is still north of 15.5%, must not be overestimated. Buy rating maintained. Cf. equity report published last evening. - ...

Charles Lepetitpas ...
  • Emira Sagaama
  • Emmanuel Matot
  • Jerôme Bodin
  • Matthias Desmarais
  • Nicolas David
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 03/03/2020

La correction récente offre des opportunités. Nous avons calculé un impact COVID-19 de -5% sur l’EBIT T1. Surtout, nous estimons que : i/ la dynamique de croissance organique va rester supérieure à celle du secteur, ii/ le modèle d’acquisitions est intact et iii/ l’enjeu sur la marge d’EBIT, qui reste supérieure à 15.5%, ne doit pas être surestimé. Achat maintenu. Cf. étude publiée hier soir. - ...

Charles Lepetitpas ...
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Johanna Jourdain
  • Matthias Desmarais
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 03/03/2020 Date Performance depuis l’entrée Date Performance depuis l’entrée

...

MELEXIS NV sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of MELEXIS NV (BE), active in the Semiconductors industry. As regards its fundamental valuation, the title now shows 2 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date February 25, 2020, the closing price was EUR 66.45 and its target price was estimated at EUR 52.88.

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 week...

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