STMicroelectronics: Strong momentum across the board with guidance looking conservative
STMicroelectronics: (BUY, Fair Value EUR24.1 (+28%))Strong momentum across the board with guidance looking conservative
Yesterday, STMicroelectronics reported EPS 4% above consensus, and Q3 guidance slightly above the street's estimates. The company should continue to benefit from healthy environments in industrial and automotive, while smartphone applications should significantly accelerate in H2 thanks to imaging products. Considering Q3 and full-year guidance, we believe implied growth at mid-range for Q4 looks conservative. As such, we reiterate our Buy recommendation and Fair Value at EUR24.1.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.