ASMi: Stifel initiates coverage as a buyer

(CercleFinance.com) - Stifel initiates coverage of ASM International shares with a 'buy' recommendation and a target price of E800 (cp: E711, +0.
5%), which represents around 15% upside potential.

The broker points out that this Dutch equipment supplier to the semiconductor industry is a leader in ALD (Atomic Layer Depositioning) technology, particularly required for the transition of transistors from FinFET to GAA.

We believe that the group continues to build on its lead that began in 2008. We are aware of the rich valuation, but would urge investors to maintain a long-term view of the quasi-monopoly, it says.


Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.