STMicroelectronics N.V. : Bottom in Q1 2019 + proven ability to preserve margins = Buy
>Relief particularly on the margin and the sentiment that the bottom has probably been reached - Yesterday, STMicroelectronics reported higher-than-expected Q4 2018 results but guided to a 20.7% sequential fall in Q1 2019 sales to € 2.1bn, whereas the traditional seasonal pattern points to a decline of close to 10% and the consensus forecast was for -11%. Click to read our initial reaction. Yet the share rose on this news, for two reasons in our view: 1/ the gros...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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