ASM International Revenue Consensus Expected to Challenge Shares -- Market Talk

Dow Jones02-28

0816 GMT - Despite ASM International's strong finish to 2023, the company guided for a conservative start to 2024 before an anticipated 2H recovery, Citi analysts say in a note. Still, the Dutch supplier to semiconductor manufacturers has reiterated its EUR3.0 billion to EUR3.6 billion 2025 revenue target, with the ramp up of its gate-all-around, or GAA, chip making technology and silicon-carbide growth supportive of its medium-to-long term target, the analysts say. For this year however, current consensus would require a significant revenue bump in the second half and will be challenging for shares, "which while doable as the cycle turns and GAA demand increases, does leave some uncertainty," the analysts say. (anthony.orunagoriainoff@dowjones.com)

 

(END) Dow Jones Newswires

February 28, 2024 03:16 ET (08:16 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment