ASM International N.V : Consensus looking too conservative for 2023, TP upped to € 380
>Outperform rating reiterated, TP raised to € 380 vs € 330 previously - Based on the preliminary figures released in January, ASMi’s Q4 2022 results and orders are expected to reflect very robust business activity albeit broadly in line with expectations. However, although management will not provide any quantitative full-year guidance, our view is that the consensus for 2023 is still too conservative despite having been revised upwards recently. The indications that ...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.
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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