STMicroelectronics N.V. : But for capacity constraints, the group would already be at $ 15bn in sales, the challenge is therefore its capex strategy to exceed forecasts in 2022
>Outperform rating confirmed after an update with the group - We did a comprehensive review of the situation with ST and maintain our Outperform rating. We came away reassured on 1/ the solidity of the growth trajectory on the markets that the group addresses and the absence (for the time being) of warning signs, 2/ its ability to handle the unusual shortage situation, which is set to endure, and preserve its margins, 3/ its industrial strategy to harness the market’s...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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