Report
Martin Marandon-Carlhian ...
  • Stephane Houri

ASM International N.V : Confidence on a marked acceleration in 2025

>Outperform rating reiterated, target price of € 680 after the road show with the CEO in Paris - Following a road show with Benjamin Loh, CEO of ASMi, accompanied by Victor Bareno (Head of Investor relations), we reiterate our Outperform rating as well as our target price of € 680, with upside of 22%. We are leaving our forecasts unchanged. The baseline for our investment case remains the same, i.e. that ASMi is one of the winners amongst semiconductor equipment maker...
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
Martin Marandon-Carlhian

Stephane Houri

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