Report
Stephane Houri

AMS AG : Another round! – rating upgraded to Buy from Neutral

>Earnings release a kind of wake-up call for a stock still down 50% YTD. We have upgraded to Buy from Neutral - Following the group’s Q1 results release and with Q2 guidance well ahead of expectations, the stock gained over 24% yesterday. Despite this spectacular rally, it is still down 50% YTD, having received a beating over: 1/ fears of a slowdown in the smartphone market due to the COVID-19 crisis, and 2/ the very dilutive capital increase and the debt from the OSR...
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
Oddo BHF
Oddo BHF

​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.

Analysts
Stephane Houri

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