STMicroelectronics N.V. : At 5x EBITDA, that’s more (a lot more) than a slowdown that is priced in...
>Comments on distributors in China have unleashed panic, whilst the Q3 2018 results publication was not as bad as all that - Although Q3 2018 results topped expectations (on both growth at +11.2% q-o-q vs 10% forecast, and EPS at $ 0.41 vs $ 0.36 forecast) and Q4 2018 guidance was only slightly shy of the consensus’ pre-publication (Read our first reaction), STM’s share price has shed 10%. This decline has come on top of the 25% fall since the start of the year. The g...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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