AMS provides advanced sensor and analog solutions for high value and emerging markets. Co.'s markets include Consumer and Communications and Industrial, Medical, Automotive. Co. delivers a broad range of innovative technology solutions for consumer electronics and communication device manufacturers including intelligent light sensors, MEMS microphone ICs, NFC solutions, active noise-cancelling ICs and ultra-low power management solutions. Co. offers customized, application-specific integrated circuits and standard solutions for a broad range of industrial applications including automation and control, position sensors, building automation, security and high-resolution seismic analysis.
  • TickerAMS
  • ISINAT0000A18XM4
  • ExchangeSix Swiss Exchange
  • SectorTechnology Hardware & Equipment
  • CountryAustria

Analysts

Emira Sagaama ...
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean-François Granjon
  • Matthias Desmarais
  • Nicolas Thorez
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 12/03/2019

Ahead of Compagnie des Alpes’ FY 2018-19 results release on 9 December, we are maintaining our Buy position on the stock and raising our target price to € 35.8 from € 33. After three years of hefty but necessary investment to fuel future growth, the group should now gradually return to more normative capex. This should reassure investors over its capacity to generate FCF again. With the arrival of a new deputy CEO and with a healthy balance sheet, the group could also step up its M&A...

Emmanuel Matot ...
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Matthias Desmarais
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 12/03/2019

...

Emira Sagaama ...
  • Emmanuel Matot
  • Jean-François Granjon
  • Matthias Desmarais
  • Nicolas Thorez
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 03/12/2019

En amont de la publication des résultats annuels 2018/19 le 9 décembre, nous réitérons notre opinion Achat avec un OC de 35.8 € (vs 33 €). Après trois années marquées par un rythme d’investissements élevé mais nécessaire pour sa croissance future, Compagnie des Alpes devrait progressivement revenir vers un niveau de Capex plus normatif. Le groupe devrait alors rassurer quant à sa capacité à générer de nouveau du FCF. Avec l’arrivée de son nouveau DG Adjoint et fort d’une situation bil...

Emmanuel Matot ...
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Matthias Desmarais
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 03/12/2019

...

Emmanuel Matot ...
  • Stephane Houri

ODDO : Semiconductors sales better than we expected, market virtually flat excluding memory in October – the recovery scenario is materialising

>Worldwide sales in October ahead our expectations at -13.1% (vs -14.6% in September) - Worldwide semiconductor sales for October 2019 have been published by WSTS (World Semiconductor Trade Statistics), with a month’s lag, as usual. On a three-month moving average, they came to $ 36.6bn, beating our $ 35bn forecast. This marks an improvement on September as the year-on-year decline went from -14.6% in September vs -13.1% in October. Sequentially, sales increased by 2...

Tony Lebon

AMS AG : Semiconductors industry is no good space for leverage

>Initiation of ams' coverage on the credit side with a Reduce reco - We initiate the credit coverage of ams with a Negative credit opinion due to the potential jump in leverage in case of a successful offer on OSRAM Licht AG.We adopt a Reduce recommendation on the two convertible bonds (2022 in USD and 2025 in EUR): though they display optically attractive yield-to-maturity levels of above 6% (in line with yields observed for straight bonds officially rated ...

Tony Lebon

AMS AG : Semiconductors industry is no good space for leverage

>Initiation of ams' coverage on the credit side with a Reduce reco. - We initiate the credit coverage of ams with a Negative credit opinion due to the potential jump in leverage in case of a successful offer on OSRAM Licht AG.We adopt a Reduce recommendation on the two convertible bonds (2022 in USD and 2025 in EUR): though they display optically attractive yield-to-maturity levels of above 6% (in line with yields observed for straight bonds officially rated...

Emira Sagaama ...
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean-François Granjon
  • Matthias Desmarais
  • Nicolas Thorez
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 12/03/2019

Ahead of Compagnie des Alpes’ FY 2018-19 results release on 9 December, we are maintaining our Buy position on the stock and raising our target price to € 35.8 from € 33. After three years of hefty but necessary investment to fuel future growth, the group should now gradually return to more normative capex. This should reassure investors over its capacity to generate FCF again. With the arrival of a new deputy CEO and with a healthy balance sheet, the group could also step up its M&A...

Emmanuel Matot ...
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Matthias Desmarais
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 12/03/2019

...

Emmanuel Matot ...
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Matthias Desmarais
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 03/12/2019

...

Emmanuel Matot ...
  • Stephane Houri

ODDO : Semiconductors sales better than we expected, market virtually flat excluding memory in October – the recovery scenario is materialising

>Worldwide sales in October ahead our expectations at -13.1% (vs -14.6% in September) - Worldwide semiconductor sales for October 2019 have been published by WSTS (World Semiconductor Trade Statistics), with a month’s lag, as usual. On a three-month moving average, they came to $ 36.6bn, beating our $ 35bn forecast. This marks an improvement on September as the year-on-year decline went from -14.6% in September vs -13.1% in October. Sequentially, sales increased by 2...

Emmanuel Matot ...
  • Stephane Houri

ODDO : Ventes de semi-conducteurs supérieures à nos attentes, un marché quasi stable hors mémoire en octobre – Le scénario de reprise se matérialise

>Ventes mondiales d’octobre supérieures à notre prévision à -13.1% (vs -14.6% en septembre) - Les ventes mondiales de semi-conducteurs d’octobre 2019 ont été publiées hier soir par la WSTS (World Semiconductor Trade Statistics), comme d’habitude avec un mois de décalage. En données lissées (MM3 – Moyennes Mobiles 3 mois), elles ressortent à 36.6 Md$, supérieures à notre prévision de 35 Md$. Il s’agit d'une amélioration par rapport au mois de septembre car la baisse e...

1 director sold

A director at AMS AG sold 14,250 shares at 53.019CHF and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board member...

Emira Sagaama ...
  • Emmanuel Matot
  • Jean-François Granjon
  • Matthias Desmarais
  • Nicolas Thorez
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 03/12/2019

En amont de la publication des résultats annuels 2018/19 le 9 décembre, nous réitérons notre opinion Achat avec un OC de 35.8 € (vs 33 €). Après trois années marquées par un rythme d’investissements élevé mais nécessaire pour sa croissance future, Compagnie des Alpes devrait progressivement revenir vers un niveau de Capex plus normatif. Le groupe devrait alors rassurer quant à sa capacité à générer de nouveau du FCF. Avec l’arrivée de son nouveau DG Adjoint et fort d’une situation bil...

Alfred Glaser ...
  • Bruno Cavalier
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Martial Descoutures
  • Matthias Desmarais
  • Oussema Denguir
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/04/2019

...

Emmanuel Matot ...
  • Fehmi Ben Naamane
  • Jean-François Granjon
  • Matthias Desmarais
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 11/04/2019

...

Emmanuel Matot ...
  • Fehmi Ben Naamane
  • Jean-François Granjon
  • Matthias Desmarais
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 04/11/2019

...

Alfred Glaser ...
  • Bruno Cavalier
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Martial Descoutures
  • Matthias Desmarais
  • Oussema Denguir
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 04/11/2019

...

Thanks to a better fundamental star rating, AMS AG sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to AMS AG (CH), active in the Semiconductors industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date September 13, 2019, the closing price was CHF 48.18 and its expected value was estimated at CHF 41.46.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Not too bullish, not too bearish Despite several indexes recently touching new 52+ week highs, broad global indexes (MSCI ACWI, ACWI ex-US, EAFE, and EM) remain near logical resistance, and indicators continue to send mixed signals. As a result we are hesitant to get too bullish or bearish. Instead we want to focus on Sector/Group/industry themes where we bottoming price and RS, or attractive pullback opportunities within established price and RS uptrends. Below we highlight some of these themes along with indicators that support our overall constructive -- yet tempered -- outlook. • Positiv...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Stick with leadership: U.S., EM, and Hong Kong Amid the continued heightened volatility and consolidation, global support levels continue to hold and our long-term bullish outlook remains intact. Stick with outperforming markets: U.S., EM, and Hong Kong. • MSCI ACWI internals remain healthy. The MCSI ACWI price and advance-decline (A-D) line uptrends remain intact. This positive breadth signal helps support our bullish outlook... see below • Hong Kong and EM remain leadership, maintain overweights; Within EAFE, favor small-caps. EM relative strength is advancing to yet another new high vs. ...

Shelley Moen

Vermilion Int'l Compass: Global Equity Strategy

Weekly summary of Vermilion's global technical equity strategy calls, including sector weightings, from both a top down and bottoms up perspective. For a trial to Vermilion Research visit our website at www.vermilioncap.com or contact our sales team at (952) 922-7500.

Vermilion Int'l Compass: Global Equity Strategy

Weekly summary of Vermilion's global technical equity strategy calls, including sector weightings, from both a top down and bottoms up perspective. For a trial to Vermilion Research visit our website at www.vermilioncap.com or contact our sales team at (952) 922-7500.

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