STMicroelectronics N.V. : Feedback from CEO/CFO roadshow in Paris
>We have adjusted our 2024-2025 forecasts by 6% and our target price to € 55 (vs € 58), but we maintain our Outperform rating - We organised a roadshow in Paris with STM following its Q3 2023 results. The group was represented by Jean Marc Chery (CEO), Lorenzo Grandi (CFO) and the IR team (Celine Berthier and Cedric Pugni). Management looks determined to deliver on its strategic vision of a group with at least $ 20bn of sales, a gross margin of 50% and an operating ma...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.
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.
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