AMS Remains on Track for Tremendous 3D-Sensing Revenue Growth; Maintain CHF 90 FVE
AMS AG announced fourth-quarter results that were slightly above previous guidance and our forecast while providing more details on their recently increased guidance for long-term revenue and profitability. The firm also announced the acquisition of KeyLemon, a facial recognition software company, in addition to a 3D sensing design win with a key Asian smartphone producer. We will maintain our CHF 90 fair value estimate for no-moat AMS. The stock traded up significantly after today’s news, and w...
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