Melexis : Still positive despite production-related risks. TP raised to € 100 vs € 97 Management is optimistic despite the risks in the supply chain
>Neutral opinion maintained, target price raised to € 100 vs € 97 - Following the release of Q2 2021 results (link to our initial commentary), we are raising our EPS forecasts by 8% for 2021 after the second upgrade to full-year guidance. The group was initially very cautious at the start of the year, forecasting a drop in sales in H2. We are also raising our target price to € 100 vs € 97 but maintaining our Neutral opinion. Generally speaking, we appreciate Melexis’ ...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.
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