Jefferies sees clouds parting for auto/industrial semis, lifts forecasts

Melexis NV

03/07/2025 10:55

** Revival in the industrial and automotive spaces prompts Jefferies to raise forecasts for semiconductor companies linked to these sectors

** Industrial recovery is stronger than the automotive one, it says, with China serving as the primary driver of industrial strength, indicating companies in this space are positioned for stronger Q2 beats than their automotive counterparts

** Demand is set to improve "with industrial inventories having been now cleared at customers and most channel partners", it adds

** Jefferies raises forecasts for STMicroelectronics STMPA.PA, Infineon IFXGn.DE, Melexis MLXS.BR and ams OSRAM AMS.S and lifts PTs across the board

** Contacted by Reuters, ING analyst Marc Hesselink also says there are "finally signs that we are moving out of an almost two-year downcycle"

 (Reporting by Jakob Van Calster)

 ((Jakob.vancalster@thomsonreuters.com))