Elmos Semiconductor AG : We are raising our estimates and could do so again if the group secures more available production capacity in H2
>Outperform rating maintained, target price lifted to € 44 vs € 42 - During the conference call following the Q1 2021 results publication, the group proved very optimistic on the industry’s growth momentum. Nonetheless, the shape of H2 2021 should depend upon available capacity at foundries. We are not ruling out the assumption of a H2 close to H1 levels and therefore full-year sales of € 315m (to +35%, an all-time high). However, we are waiting for more visibility on...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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