Report
STMicroelectronics N.V. : Market overreacts to Q2 2018 results – Buy
>No negative impact in Q3 after all - Contrary to what we had feared, the Q3 2018 guidance has not been affected by the risk of a trade war between the US and China. This might have made investors in the semis sector warier. So sales will grow in Q3 2018 as expected (+10% vs initial consensus of +9%), driven by sales of 3D sensors but also by the automotive segment (silicon carbide chips) and industry segment (a natural market for STM32 microcontrollers). §p...
Underlying
STMicroelectronics N.V. ADS
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Stephane Houri
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