Report
Frederic Yoboue

STMICROELECTRONICS: Solid quarter and design wins paving the way for solid growth in 2021 | BUY Top Picks | EUR35 vs. EUR33 (+22%)

STMICROELECTRONICS - BUY Top Picks | EUR35 vs. EUR33 (+22%)
Solid quarter and design wins paving the way for solid growth in 2021

Solid guidance especially when factoring the Huawei effect
Design wins at Samsung could be more important than it looks like
Continue strengthening leading position in SiC
A new target price at EUR35 vs EUR33
Underlying
STMicroelectronics NV

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.

Provider
Bryan Garnier
Bryan Garnier

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.

Analysts
Frederic Yoboue

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