STMicroelectronics N.V. : The risk in the financial release lies in Q1 2024 guidance, but the stock has sharply underperformed and the valuation is highly protective
>A risk on Q1, but Outperform maintained in view of the recent underperformance, weak valuation and good industrial control - Q4 2023 results are due out on Thursday 25 January before market open (conference call at 9.30am). These results should meet guidance and be fairly close to the consensus. But we fear that because of the negative recent newsflow, the risk in this release lies in Q1 2024 guidance, which may be lower than expected, especially on gross margin. Tha...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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