ASM International N.V : No cause for alarm... Buy rating reiterated
>Buy rating reiterated after a negative reaction in the share price despite higher1ethan1eexpected earnings and guidance - The market reaction yesterday to the publication of higher1ethan1eexpected Q2 2020 earnings and guidance for H2 (FR / EN) was not exactly what we expected (-7%), but we reiterate our Buy rating. The reported results should indeed lead to increases in EPS forecasts of around 10-15% (+6% for us as we were above the consensus). Yet the market focused so...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.