Home > Analyse
Actualite financiere : Actualite bourse

STMicro: Liberum still a buyer

(CercleFinance.com) - Liberum reiterates its "buy" rating on the STMicroelectronics share, maintaining its target price of 35 euros (23% upside), after the semiconductor manufacturer published quarterly results that are well above the broker's expectations and the consensus.

Sales exceed Liberum's estimate by 1.7%, while EPS outstrips its forecast by 16%. "Momentum seems strong particularly in the Analog, MEMS sensor business as well as microcontrollers," the broker notes.

"We believe we are in the early stages of an upcycle with revenue trends likely to accelerate in coming months," the broker says, which therefore expects "current guidance to prove conservative".

Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.