ASM International N.V : Increasingly a structural growth story (without the monopoly aspect) ‘à la ASML’ - Buy rating maintained, target price of € 145 vs € 125
>Buy rating maintained, target price raised to € 145 - ASMi is still one of our Top Picks among semiconductors midcaps stocks in Europe - Following a roadshow in Paris with Peter Van Bommel (CFO) and Victor Bareno (head of IR), we are maintaining our Buy rating and have increased our target price from € 125 to € 145. We have adjusted our forecasts upwards by 3.3% for 2020 and 9.4% for 2021 and are now above management’s current growth stance for 2020. Looking beyond C...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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