STMicroelectronics N.V. : Spectacular increase in capex says a lot about STM’s positioning and on accelerating structural growth
>Outperform rating maintained, target price raised to € 60 (vs € 56) - Following Q4 2021, we maintain our Outperform rating and have raised our target price to € 60 vs € 56. In a volatile and complex market for tech stocks, these numbers should help extend the solid momentum around the stock, which is down only 5% YTD, while the sector is off 15%. The group: 1/ reported excellent Q4 figures, even better than the pre-announced results in early January, 2/ guided to wel...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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