Elmos Semiconductor AG : Q3 is indeed the low point
>Buy rating maintained after a virtual road show - We organised a virtual roadshow with Elmos (CFO Dr Arne Schneider and head of IR Janina Rosenbaum). Following this event, we confirm our new Buy rating with a target price of € 25. Note that yesterday we upgraded our ratings on semiconductor stocks exposed to automotive following the positive comments from the CEO of STMicroelectronics on a “V-shaped†recovery and the 2021 outlook for the automotive sector. Whereas mo...ELMOS Semiconductor is engaged in the development, manufacture and distribution of microelectronic components and system parts (application specific integrated circuits or, in short: ASICs) and technological devices with similar functions.Co. divides its activities into: medical technology, semiconductor, which is engaged in the sale of automotive electronics and supplying semiconductors e.g. for applications in household appliances, photo cameras, installation and building technology, and machine control systems; and micromechanics, which is engaged in the sales of product containing micro-electro-mechanical systems which are for the most part silicon-based high-precision pressure sensors.
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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