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

Bart Cuypers ...
  • Cedric Duinslaeger
  • Guy Sips
  • Jan Opdecam
  • Jason Kalamboussis
  • Lenny Van Steenhuyse
  • Marcel Achterberg
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: ABI BB, ABN NA, AED BB, AGFB BB, ARGX BB, BESI NA, BEFB BB, BEKB BB, FUR NA, HEIJM NA, KDS NA, KIN BB, MELE BB, SIOE BB

AB InBev: Offer to acquire remaining CBA stake ABN Amro: A -7% miss, heavy provisions and DFC costs Aedifica: 1Q19-20 results Agfa: More value should be allocated to ‘Assets for Sale’ Argenx: € 502m in gross proceeds from the global offering Befimmo: Buys CBD office in Brussel Bekaert: Preview 3Q trading update and CMD BESI: TP raised to € 38 on higher estimates Fugro: Seabed Geosolutions sells last of OBC business Heijmans: € 65m project win and Dutch nitrogen update Kiadis: ATIR101 in the trash can, back to the drawing board Kinepolis: 3Q19 visitor numbers preview Melexis: Not out of the woo...

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

...

Bart Cuypers ...
  • Cedric Duinslaeger
  • Guy Sips
  • Jan Opdecam
  • Jason Kalamboussis
  • Lenny Van Steenhuyse
  • Marcel Achterberg
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: ABI BB, ABN NA, AED BB, AGFB BB, ARGX BB, BESI NA, BEFB BB, BEKB BB, FUR NA, HEIJM NA, KDS NA, KIN BB, MELE BB, SIOE BB

AB InBev: Offer to acquire remaining CBA stake ABN Amro: A -7% miss, heavy provisions and DFC costs Aedifica: 1Q19-20 results Agfa: More value should be allocated to ‘Assets for Sale’ Argenx: € 502m in gross proceeds from the global offering Befimmo: Buys CBD office in Brussel Bekaert: Preview 3Q trading update and CMD BESI: TP raised to € 38 on higher estimates Fugro: Seabed Geosolutions sells last of OBC business Heijmans: € 65m project win and Dutch nitrogen update Kiadis: ATIR101 in the trash can, back to the drawing board Kinepolis: 3Q19 visitor numbers preview Melexis: Not out of the woo...

Emmanuel Matot ...
  • Stephane Houri

ODDO : Worldwide sales for September 2019: The memory segment remains weak, but the market (excl. memory) continues to improve

>Worldwide sales for September were lower than we expected, but the market is nonetheless improving at -14.4% y-o-y vs -15.6% in August - Worldwide semiconductor sales for September 2019 were reported at the weekend by WSTS (World Semiconductor Trade Statistics), as usual with a month's lag. On a three-month moving average, sales came to $ 35.6bn, short of our $ 36.7bn forecast. This nonetheless marks an improvement compared to August as the year-on-year trend was -14...

Emmanuel Matot ...
  • Stephane Houri

ODDO : Ventes mondiales de septembre 2019 : Les mémoires restent faibles, mais l’amélioration du marché (hors mémoire) continue

>Ventes mondiales de septembre inférieures à notre prévision, mais néanmoins en amélioration à -14,4% yoy vs -15.6% en août - Les ventes mondiales de semi-conducteurs de septembre 2019 ont été publiées ce week-end 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 35,6 Md$, inférieures à notre prévision de 36,7 Md$. Il s’agit néanmoins d'une amélioration ...

Stephane Houri

Melexis : A possible slight positive over reaction on results?

>Comments slightly more positive (despite results being broadly in line) which has set things off - Yesterday, Melexis gained 14% at the publication of Q3 2019 results and guidance for Q4 2019 which were broadly in line with forecasts (a shade above for sales, offset by a weaker gross margin). (Link to our First Take). We think that the market reaction is exaggerated. The market reacted enthusiastically to the comments in the press release which were slightly more pos...

Stephane Houri

Melexis : Peut-être une petite surréaction positive sur les résultats… ?

>Un commentaire un peu plus positif (malgré des résultats globalement en ligne) qui a mis le feu aux poudres - Hier, le titre Melexis a progressé de 14% alors que les résultats T3 2019 et la guidance T4 2019 étaient globalement en ligne avec les attentes (un peu supérieur sur le CA, compensé par une plus faible marge brute). Lien vers notre réaction initiale. Nous trouvons que cette réaction boursière est exagérée. Le marché s’est enthousiasmé sur des commentaires dan...

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

...

Antoine Boivin-Champeaux ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Fatma Ayachi
  • Florent Laroche-Joubert
  • Hela Zarrouk
  • Jean-François Granjon
  • Louis Boujard, CFA
  • Michael Foundoukidis
  • Nicolas David
  • Nicolas Thorez
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 10/24/2019

...

Thanks to a better fundamental star rating, MELEXIS NV sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to MELEXIS NV (BE), 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 27, 2019, the closing price was EUR 64.50 and its expected value was estimated at EUR 62.73.

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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 ...
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Int'l Insights: Bullish Stocks

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