Report
Stephane Houri ...
  • Wim Gille

ASM International N.V : A change in dimension that is set to continue

>Ahead of the CMD on 28 September, we reiterate our Outperform recommendation and have raised our target price to € 450 - Ahead of the CMD on 28 September, we reiterate our Outperform recommendation, with a marginal upward revision to our forecasts for 2021 and a more significant adjustment for 2022-2025. As such we have raised our target price to € 450 vs € 320. We remain very confident on ASMi’s positioning. It is difficult to determine whether the announcements at...
Underlying
ASM International N.V.

ASM International is an equipment supplier mainly to the semiconductor manufacturing industry. Co. designs, manufactures and sells equipment and services to its customers for the production of semiconductor devices, or integrated circuits. Co.'s front-end segment manufactures and sells equipment used in wafer processing, encompassing the fabrication steps in which silicon wafers are layered with semiconductor devices. Co.'s back-end segment manufactures and sells equipment and materials used in assembly and packaging, encompassing the processes in which silicon wafers are separated into individual circuits and subsequently assembled, packaged and tested.

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

Wim Gille

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