ASM International N.V : We remain confident in the run-up to the Q3 2024 earnings publication
>Outperform rating reiterated ahead of the Q3 2024 results - In the run-up to the Q3 2024 earnings publication for ASMi on 29 October after closing, we reiterate our Outperform rating, our target price of € 1,000 and leave our forecasts unchanged. We expect Q3 2024 earnings broadly in line, orders once again showing a sequential increase and at least the reiteration of the 2024 guidance of a growth year, likely close to 10%.The valuation is once again aff...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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