STMicroelectronics N.V. : The significant increase in capex illustrates the optimism for 2020 and the group’s transformation – Buy reiterated, TP increased to € 32 vs € 28
>A very positive reaction following the Q4 2019 earnings release - Yesterday, STM reported Q4 2019 results that were clearly ahead of the consensus and also guided to a better-than-expected Q1 2020 (See our initial reaction for the detailed results). Consequently, the share gained 8%, accelerating its gains after the conference call, where the management was very optimistic for 2020. Beyond the results themselves, the figure that grabbed our attention was the announ...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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