STMicroelectronics N.V. : Valuation in absolute terms and relative to the sector factors in much too pessimistic a scenario
>Outperform rating maintained, target price increased to € 50 (vs € 48) - Based on Q1 2022 results, we reiterate Outperform rating and raise our target price to € 50 vs € 48. In a still volatile and complex market for semiconductor stocks, this release shows that demand remains very positive. In addition the group benefits from structural growth opportunities in automotive, industry and in smartphones and accessories (selected opportunities), in excellent profitabilit...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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