Melexis N.V.

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.
  • TickerMELE
  • ISINBE0165385973
  • ExchangeEuronext Brussels
  • SectorTechnology Hardware & Equipment
  • CountryBelgium

Analysts

ING
Marc Hesselink, CFA

Melexis/Not for this price/HOLD (initiation of coverage/change in primary analyst)

We believe that Melexis is a high quality company with positive long-term prospects. The automotive semiconductor outlook is bright on the back of increased semiconductor content per car. Still, we believe that Melexis' valuation leaves very limited room for error while the sector is in a cyclical downturn. With a change in primary analyst, we maintain a Hold recommendation on Melexis with a marginally higher target price of €60.

An unfavourable environment weighs on MELEXIS NV, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of MELEXIS NV (BE), active in the Semiconductors industry. As regards its fundamental valuation, the title still shows 2 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date June 14, 2019, the closing price was EUR 59.35 and its target price was estimated at EUR 49.60.

ING
Marc Hesselink, CFA

Melexis/Not for this price/HOLD (initiation of coverage/change in primary analyst)

We believe that Melexis is a high quality company with positive long-term prospects. The automotive semiconductor outlook is bright on the back of increased semiconductor content per car. Still, we believe that Melexis' valuation leaves very limited room for error while the sector is in a cyclical downturn. With a change in primary analyst, we maintain a Hold recommendation on Melexis with a marginally higher target price of €60.

An unfavourable environment weighs on MELEXIS NV, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of MELEXIS NV (BE), active in the Semiconductors industry. As regards its fundamental valuation, the title still shows 2 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date June 14, 2019, the closing price was EUR 59.35 and its target price was estimated at EUR 49.60.

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