Melexis - Feedback from the CMD 2023
New targets on growth and margins broadly resemble trends of the pastShareholder structure has changed, which improves on governanceWe leave our estimates, TP (EUR 85), and rating (Hold) unchangedMelexis 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.
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