STMicroelectronics

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.
  • TickerSTM
  • ISINNL0000226223
  • ExchangeEuronext Paris
  • SectorTechnology Hardware & Equipment
  • CountryNetherlands

Analysts

Anis Zgaya ...
  • François Maury
  • Georges Dieng
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/20/2019

The rail markets are supported by solid demand and several players stand to benefit. We are initiating Stadler Rail and Talgo on Buy and Knorr-Bremse and CAF on Neutral. Alstom is our Top Pick (target price raised to € 47) and we remain on Neutral for Siemens AG. - ...

Anis Zgaya ...
  • François Maury
  • Georges Dieng
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 20/11/2019

Les marchés ferroviaires sont soutenus par une demande solide, et plusieurs acteurs vont en profiter. Nous initions Stadler Rail et Talgo à l’Achat, et Knorr-Bremse et CAF en Neutre. Alstom est notre valeur favorite (OC relevé à 47 €) et nous restons en Neutre sur Siemens AG. - ...

Stephane Houri

STMicroelectronics N.V. : What is the significance of the doubled silicon carbide supply agreement with Cree?

>Silicon carbide wafer supply agreement doubled to $ 500m - STMicroelectronics and Cree (US supplier of power and RF semiconductors, LED lighting diodes and lighting products), yesterday announced the expansion and extension to over $ 500m of their existing multi-year, long-term silicon carbide (SiC) wafer supply agreement. The extended agreement is a doubling in value of the original agreement for the supply of Cree’s advanced 150mm silicon carbide bare and epitaxial...

Stephane Houri

STMicroelectronics N.V. : Quelle est la signification du doublement de l’accord de fourniture de Silicon Carbide avec Cree ?

>Doublement de l’accord de fourniture de Silicon Carbide à STM à 500 M$ - Hier, STMicroelectronics et Cree (fournisseur américain de semi-conducteurs de puissance et RF, de diodes d'éclairage LED et de produits d'éclairage), ont annoncé l’accroissement et l’extension à plus de 500 M$ de leur accord pluriannuel existant pour la fourniture à long terme de plaquettes en carbure de silicium (SiC). Cet accord élargi multiplie ainsi par deux la valeur de l’accord initial s...

Moody's announces completion of a periodic review of ratings of STMicroelectronics N.V.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of STMicroelectronics N.V. Global Credit Research- 24 Oct 2019. Frankfurt am Main, October 24, 2019-- Moody's Investors Service has completed a periodic review of the ratings of STMicroelectronics N.V. and other ratings that are associated with the same analytical unit.

STMicroelectronics N.V. - March 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

STMicroelectronics N.V. - December 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

STMicroelectronics N.V.: Update on Discussion of Key Credit Factors

Annual Update - STMicroelectronics' rating remains comfortably positioned

STMicroelectronics N.V. - September 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Anis Zgaya ...
  • François Maury
  • Georges Dieng
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/20/2019

The rail markets are supported by solid demand and several players stand to benefit. We are initiating Stadler Rail and Talgo on Buy and Knorr-Bremse and CAF on Neutral. Alstom is our Top Pick (target price raised to € 47) and we remain on Neutral for Siemens AG. - ...

Anis Zgaya ...
  • François Maury
  • Georges Dieng
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 20/11/2019

Les marchés ferroviaires sont soutenus par une demande solide, et plusieurs acteurs vont en profiter. Nous initions Stadler Rail et Talgo à l’Achat, et Knorr-Bremse et CAF en Neutre. Alstom est notre valeur favorite (OC relevé à 47 €) et nous restons en Neutre sur Siemens AG. - ...

Stephane Houri

STMicroelectronics N.V. : What is the significance of the doubled silicon carbide supply agreement with Cree?

>Silicon carbide wafer supply agreement doubled to $ 500m - STMicroelectronics and Cree (US supplier of power and RF semiconductors, LED lighting diodes and lighting products), yesterday announced the expansion and extension to over $ 500m of their existing multi-year, long-term silicon carbide (SiC) wafer supply agreement. The extended agreement is a doubling in value of the original agreement for the supply of Cree’s advanced 150mm silicon carbide bare and epitaxial...

Stephane Houri

STMicroelectronics N.V. : Quelle est la signification du doublement de l’accord de fourniture de Silicon Carbide avec Cree ?

>Doublement de l’accord de fourniture de Silicon Carbide à STM à 500 M$ - Hier, STMicroelectronics et Cree (fournisseur américain de semi-conducteurs de puissance et RF, de diodes d'éclairage LED et de produits d'éclairage), ont annoncé l’accroissement et l’extension à plus de 500 M$ de leur accord pluriannuel existant pour la fourniture à long terme de plaquettes en carbure de silicium (SiC). Cet accord élargi multiplie ainsi par deux la valeur de l’accord initial s...

Emmanuel Matot ...
  • Stephane Houri

ODDO : Worldwide sales for September 2019: The memory segment remains weak, but the market (excl. memory) continues to improve

>Worldwide sales for September were lower than we expected, but the market is nonetheless improving at -14.4% y-o-y vs -15.6% in August - Worldwide semiconductor sales for September 2019 were reported at the weekend by WSTS (World Semiconductor Trade Statistics), as usual with a month's lag. On a three-month moving average, sales came to $ 35.6bn, short of our $ 36.7bn forecast. This nonetheless marks an improvement compared to August as the year-on-year trend was -14...

STMicroelectronics: 6 directors sold after exercising options/sold

Six Directors at STMicroelectronics sold after exercising options/sold 228,106 shares at 20.620EUR. The significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under...

Alfred Glaser ...
  • Bruno Cavalier
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Martial Descoutures
  • Matthias Desmarais
  • Oussema Denguir
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/04/2019

...

Emmanuel Matot ...
  • Fehmi Ben Naamane
  • Jean-François Granjon
  • Matthias Desmarais
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 11/04/2019

...

Emmanuel Matot ...
  • Fehmi Ben Naamane
  • Jean-François Granjon
  • Matthias Desmarais
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 04/11/2019

...

Alfred Glaser ...
  • Bruno Cavalier
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Martial Descoutures
  • Matthias Desmarais
  • Oussema Denguir
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 04/11/2019

...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Manuel Martin, CEFA,CREA
  • Martial Descoutures
  • Oussema Denguir
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/29/2019

...

STMICROELECTRONICS NV sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of STMICROELECTRONICS NV (FR), active in the Semiconductors industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date August 23, 2019, the closing price was EUR 15.60 and its target price was estimated at EUR 12.30.

STMicroelectronics

STMicroelectronics

STMicroelectronics

STMicroelectronics

Frederic Yoboue

SEMICONDUCTORS BG Technology Conference 2019

On March 14th and 15th, we hosted six semiconductor companies, namely ASMI, Besi, Dialog, Infineon, Soitec, and STMicroelectronics. We found the overall message as reassuring even though the tone was still on the cautious side. We key findings and conclusions relate on Besi (Neutral, FV EUR23), Infineon (Buy, FV EUR22.5), Soitec (Buy, FV EUR85) and STMicroelectronics (Buy, FV EUR19).

Frederic Yoboue

Favour Infineon, STM, and Soitec in early 2019

In this short update, we give our opinion on the current momentum and the companies we favour in early 2019. Semi stocks experienced a sharp correction with companies in our coverage down 23% in average (excl. Dialog) in H2 2018 as we started to see a deceleration in the industry momentum and macro uncertainties especially in China. However, analysts’ EPS cuts explain half of the correction suggesting the other half coming from higher perceived risks by investors. Nonetheless, we anticipate low single-digit growth of 4% in semiconductor sales for 2019 driven by the same long-term trends in aut...

Expert Corporate Governance Service (ECGS)

STMicroelectronics N.V. - Assemblée Générale des actionnaires du 23 mai 2019

Comme chaque année, il est proposé de voter l'attribution au Président du Directoire, 100 000 actions de performance. Depuis Juin 2018, M. Jean-Marc Chery est à la tête de la société en remplacement de M. Carlo Bozotti. Cependant, malgré une quantité maîtrisée, en raison des conditions de performance court-termistes et non quanti?ées, la résolution ne semble pas acceptable (résolution 5.a). La société propose de voter à faveur d’un bonus exceptionnel en actions pour le Directeur Général pouvant représenter jusqu'à 60% de son salaire fixe et basé sur des critères "pré-déterminés et quantifiabl...

Expert Corporate Governance Service (ECGS)

STMicroelectronics - AGM 23 May 2019

As every year, it is proposed to vote  the grant to the CEO of 100,000 performance shares. Since June 2018, Jean-Marc Chery is the CEO of the company, replacing Carlo Bozotti. However, despite a low number of shares, due to short-term and non-quantified performance conditions, the resolution does not seem acceptable (Resolution 5.a ). The company proposes to vote for an exceptional bonus payable in shares for the CEO that can represent up to 60% of his fixed salary and based on "pre-determined and quantifiable" criteria, but they are not communicated. By adding the cash bonus (150% of the fix...

St Microelectronics – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Stocks

EAFE > EM; Add exposure to Japan Continue to favor EAFE over EM. As long as the U.S. dollar remains elevated, we believe developed international (EAFE) will remain in a leadership position relative to EM (MSCI EM). Below we highlight attractive and actionable themes within developed int'l: • Japan, Switzerland, Australia, Canada. Major Japanese indexes have been underperforming for nearly two years but are making bullish price and RS inflections and exhibit early signs of bottoming. Switzerland, Australia, and Canada are all trading at multi-year highs and are among the most attractive coun...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Not too bullish, not too bearish Despite several indexes recently touching new 52+ week highs, broad global indexes (MSCI ACWI, ACWI ex-US, EAFE, and EM) remain near logical resistance, and indicators continue to send mixed signals. As a result we are hesitant to get too bullish or bearish. Instead we want to focus on Sector/Group/industry themes where we bottoming price and RS, or attractive pullback opportunities within established price and RS uptrends. Below we highlight some of these themes along with indicators that support our overall constructive -- yet tempered -- outlook. • Positiv...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Developed Markets Leadership Chart Book

Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompassing bottoms-up chart book for developed ex-U.S., make no mistake, the vast majority of today's buy rec...

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Global Ex-U.S. Equity Strategy

In our January 31 International Compass we presented a case for an incrementally improving overall global outlook, with the caveat that market bottoms tend to be a process that develops over many weeks. Since the end of January, not a lot has changed to alter our views. We remain constructive overall and continue to believe that global equities (MSCI ACWI) are going through a bottoming process. Opportunities exist but Sector leadership is mixed. In our February International Strategy, we explore various themes which lead to our overall constructive outlook, along with areas of the market wher...

Jérôme VINERIER

Short term view - STMICRO ELECTRONICS NV : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €10.460. The background trend would be questioned should prices rise above €16.701.

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