ASM International N.V : Road show feedback: there is upside in the air
>Outperform rating reiterated following the road show, target price increased to € 410 (vs € 365) - We were on a road show yesterday with ASMi (IR team) in Frankfurt and we reiterate our Outperform rating, upgrading our EPS estimates by 0.8% for 2023, 5% for 2024 and 7% for 2025 (EPS estimates 15% above the consensus), and increasing our target price from € 365 to € 410, i.e. additional upside of 21%. Despite a superb performance YTD of +44%, most likely reflecting t...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.