STMicroelectronics N.V. : The most clear-cut story in the sector
>Q3 results below forecasts due to the gross margin, but nothing structural - Q3 sales were $ 2.67bn, i.e. a shade below the preliminary figure announced on 1 October ($ 2.71bn), but guidance was above the initial $ 2.47bn (+/-350bp). This represents q-o-q growth of 27.7%, with ADG at +17.1%, AMS at +59.8%, and MDG at +11.2%. The gross margin came in at 36%, below the consensus forecast of 37.7%, but in line with guidance (36%, +/- 200bp). During the conference call,...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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