Melexis : Guidance increased as expected, target price raised to € 97 vs € 95
>Neutral rating maintained, target price raised to € 97 vs € 95 - As we expected, Melexis increased its 2021 guidance thanks to better visibility on the continuation of positive automotive market trends in H2 driven by the strength of its backlog. Oddly, the consensus had remained below the guidance, whereas all the signals in the industry point the same way. Following this Q1 2021 publication, we have raised our EPS estimates by 2% for 2021 and 3% for 2022 and increa...Melexis designs, develops, tests and markets advanced integrated circuits primarily for the automotive industry. Co. sells its products to a wide customer base in the automotive, medical and industrial markets in Europe, Asia and North America. Co.'s main products are Hall effect ICs, Pressure and Acceleration Sensors, Sensor Interface ICs, Automotive Systems-on-a-Chip, Embedded Microcontrollers, Bus System Chips, Optical and Infrared sensors. In each case the products are primarily developed for automotive applications and designated lead customers with subsequent use in commercial and industrial applications.
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.