Report
Seth Sherwood
EUR 100.00 For Business Accounts Only

AMS Remains on Track for Growth; Increasing FVE to CHF 96

Austrian sensor firm AMS AG reported second-quarter results that modestly outperformed our expectations for revenue, and losses that were less significant than management's guidance indicated. Management also provided an updated outlook for the year while maintaining and giving further details on the midterm profitability and revenue targets. We are raising our fair value estimate to CHF 96 from CHF 93 to incorporate the guidance. We are maintaining our no-moat rating for the firm which, despite...
Underlying
Ams AG

AMS provides advanced sensor and analog solutions for high value and emerging markets. Co.'s markets include Consumer and Communications and Industrial, Medical, Automotive. Co. delivers a broad range of innovative technology solutions for consumer electronics and communication device manufacturers including intelligent light sensors, MEMS microphone ICs, NFC solutions, active noise-cancelling ICs and ultra-low power management solutions. Co. offers customized, application-specific integrated circuits and standard solutions for a broad range of industrial applications including automation and control, position sensors, building automation, security and high-resolution seismic analysis.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Seth Sherwood

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