STMICROELECTRONICS: A mixed bag of results but guidance for 2019 is above our expectations | BUY | EUR17(+2%)
STMICROELECTRONICS - BUY | EUR17(+2%)A mixed bag of results but guidance for 2019 is above our expectations
A mixed bag of results in Q1 2019
The growth is essentially driven by the ADG business
Q2 2019 below consensus but in line with our expectations
Revenues are expected to remain flat in 2019
STMicroelectronics is a global independent semiconductor company that designs, develops, manufactures and markets a broad range of semiconductor integrated circuits (“ICs”) and discrete devices. Co. offers a diversified product portfolio and develops products for a wide range of market applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems. Within its diversified portfolio, Co. is focused on developing products that leverage its technological strengths in creating customized, system-level solutions with digital and mixed-signal content.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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