Report
Stephane Houri

STMicroelectronics N.V. : Very optimistic tone in CEO roadshow

>Outperformance rating confirmed after management roadshow - Following the release of Q4 2020 results, which beat expectations (EN/FR), coupled with Q1 2021 guidance well ahead of the traditional seasonality (-9% vs -20%), we organised a roadshow with Jean Marc Chery, group CEO (+ Lorenzo Grandi and Marco Cassis). We note the group’s very optimistic tone on the current momentum (as well as on its healthy profile and with no inventory build), the growth opportunities f...
Underlying
STMicroelectronics NV

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Stephane Houri

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