Aixtron SE : Short-term momentum remains uncertain due to a reliance on the recovery of SiC, but market share gains should reassure on long-term trends
>Outperform rating reiterated, target price raised to € 35 (vs € 42) - From the Q1 2024 publication we note the announcement of market share gains in SiC (including a top 5 client), lending weight to the idea that Aixtron is well on track to benefit from the transition to 200mm and that 2025 should be a year of strong growth (we are targeting +17%). That said, given the level of order intake in Q1 and guidance for Q2 revenue that fell below expectations, mainly due t...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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