Aixtron SE : Disappointment on 2024 and uncertainty on microLEDs does not undermine the growth profile, contrary to what the current share price suggests
>Outperform recommendation maintained, target price cut to € 42 (vs € 50) - Aixtron's share price lost 19% yesterday, following the abandoned development of microLEDs by ams OSRAM and the potential postponement of some SiC investments from 2024 to 2025, leading to guidance for 2024 that came in 10% below expectations for EBIT. We have revised our forecasts for 2024-2025 EPS by 15/20% and lowered our target price to € 42 (vs € 50). However, we think that the market’s r...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.