ASM International N.V : We remain positive in the run-up to the Q4 2023 results and have raised our target price to € 700
>Despite a brilliant performance over the past 12 months (+75%), we reiterate our Outperform rating and have raised our target price to € 700 (vs € 530) - ASMi is due to publish its Q4 2023 results and communicate on its targets tomorrow after market close. Despite a brilliant stock market performance (+75% over 12 months), although not exceptional in the sector (BESI +104%, Suss +76%, VAT +60% and ASML +49%), we have decided to continue pushing ASMi and therefore rei...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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