Aixtron SE : Buy opportunity after yesterday’s drop in share price
>Outperform recommendation reiterated, TP of € 32 maintained - The shares shed 8% yesterday after Q3 came in below expectations (due to delivery delays), with some profit-taking likely (the stock is up 48% YTD). Nevertheless, while delays in receiving export licences created some volatility in earnings, they are not a long-term risk (Aixtron is not affected by the US restrictions). We have adjusted our 2022 estimates to reflect the short-term delay risk (EPS -2%) but...Aixtron is a provider of deposition equipment to the semiconductor industry. Co.'s technology solutions are used by customers to build components for electronic and opto-electronic applications based on compound, silicon, or organic semiconductor materials. The components are used in displays, signaling, lighting, fiber optic communication systems, wireless and mobile telephony applications, optical and electronic storage devices, computing, as well and other technologies. Co. supplies to customers both full production-scale chemical vapor deposition systems and small scale systems for research and development use.
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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