ASM Int’l a Semicon Play to $10 – Analyst Blog
Source: http://www.zacks.com/stock/news/16263/ASM+Int%27l+a+Semicon+Play+to+%2410+-+Analyst+BlogPosted on Monday, December 8th, 2008 | In Stocks to Watch
ASM International N.V. (ASMI) is an OEM [original equipment manufacturer] of both front-end and back-end semiconductor manufacturing equipment.
Last June, Applied Materials Inc. (AMAT) offered to buy two of ASM’s units for $400 million to $500 million. ASM has so far shunned all offers and the deal appears off for now.
ASM International’s back-end business has gained significant momentum in the past two years, while its front-end business has struggled to become profitable. Although back-end order strength indicates that the business will perform strongly, the shares will be constrained until the front-end is sold or becomes profitable.
We rate the shares of ASMI a Buy, and are setting a target price of $10.00.
Read the full analyst report on ASMI
“ASMI” Free Stock Analysis: Buy? Sell? Hold?
“AMAT” Free Stock Analysis: Buy? Sell? Hold?
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