STMicroelectronics Action Forum

Analyst updates, 04.11.

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- BERENBERG raises the target price for SHELL from GBP 31 to GBP 31.50. Buy. | $SHEL (-0,53 %)

- BERENBERG raises the price target for MTU from EUR 270 to EUR 350. Buy. | $MTX (-1,01 %)

- BRYAN GARNIER raises the price target for HELLOFRESH from EUR 8.50 to EUR 10. Neutral. | $HFG (+7,14 %)

- DEUTSCHE BANK RESEARCH raises the price target for SCOUT24 from EUR 84 to EUR 92. Buy. | $G24 (-2,72 %)

- DEUTSCHE BANK RESEARCH raises the price target for SANTANDER from EUR 5.75 to EUR 5.80. Buy. | $SAN (+0,07 %)

- RBC raises the target price for NEXT PLC from GBP 105 to GBP 108. Sector Perform. | $NXT

- UBS raises the price target for CHEVRON from USD 192 to USD 194. Buy. | $CVX (+2,73 %)

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- UBS lowers the price target for BERKSHIRE HATHAWAY from USD 806.724 to USD 796.021. Buy. | $BRK.B (+0,95 %)

- CITIGROUP lowers the price target for STMICRO from EUR 36 to EUR 30. Buy. | $STMPA (-4,24 %)

- JPMORGAN lowers the price target for ASM INTERNATIONAL from EUR 806 to EUR 716. Overweight. | $ASM (-0,12 %)

- RBC downgrades CARL ZEISS MEDITEC from Outperform to Sector-Perform and lowers target price from EUR 85 to EUR 70. | $AFX (-0,6 %)

- WARBURG RESEARCH lowers the price target for KION from EUR 65 to EUR 58. Buy. | $KGX (-1,55 %)

- ODDO BHF downgrades JENOPTIK from Neutral to Outperform and lowers target price from EUR 32 to EUR 30. | $JEN (-2,91 %)

- ODDO BHF lowers the price target for AIXTRON from EUR 22 to EUR 21. Outperform. | $AIXA (-3,15 %)

- ODDO BHF lowers the price target for FIELMANN from EUR 45.70 to EUR 44.60. Neutral. | $FIE (-0,43 %)

- HAUCK AUFHÄUSER IB lowers the price target for KNORR-BREMSE from 65.50 EUR to 63.60 EUR. Sell. | $KBX (-0,97 %)

- GOLDMAN downgrades STANDARD CHARTERED to Neutral. Target price GBP 9.37. | $STAN (+2,4 %)

- GOLDMAN lowers the price target for GENERALI from EUR 31.50 to EUR 30.50. Buy. | $G (+0,79 %)

- GOLDMAN lowers the price target for PHILIPS from EUR 35 to EUR 32. Buy. | $PHIA (+0 %)

Analyst updates, 29.10. 👇🏼

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• JEFFERIES raises the price target for SAP $SAP (-1,07 %) from EUR 230 to EUR 255. Buy.
• DEUTSCHE BANK RESEARCH raises the price target for DEUTSCHE TELEKOM $DTE (-0,87 %) from EUR 33 to EUR 39. Buy.
• ODDO BHF raises the target price for ALLIANZ
  SE
  $ALV (+0,72 %) from EUR 288 to EUR 324. Outperform.
• ODDO BHF raises the price target for DWS
  $DWS (-0,45 %) from EUR 38 to EUR 39. Neutral.
• METZLER raises the price target for LUFTHANSA $LHA (-1,88 %) from EUR 5.70 to EUR 6.40. Hold.
• METZLER raises the price target for NEMETSCHEK
  $NEM (-0,44 %) from EUR 89 to EUR 91. Hold.
• METZLER raises the price target for FRIEDRICH
  VORWERK $VH2 (+1,74 %) from EUR 29.20 to EUR 38. Buy.
• GOLDMAN raises the price target for SYMRISE $SY1 (-1,55 %) from EUR 127 to EUR 131. Neutral.

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• BOFA lowers the price target for MUNICH
  RE
  $MUV2 (+0,21 %) from EUR 550 to EUR 535. Buy.
• WARBURG RESEARCH lowers the price target for WACKER
  CHEMICALS $WCH (-3,53 %) from EUR 136 to EUR 133. Buy.
• WARBURG RESEARCH downgrades STEICO
  $ST5 (-2,35 %) from Buy to Hold and lowers target price from EUR 42 to EUR 29.
• METZLER lowers the price target for SALZGITTER $SZG (-1,49 %) from EUR 17 to EUR 15.50. Hold.
• DEUTSCHE BANK RESEARCH lowers the price target for SGL
  CARBON $SGL (-1,4 %) from EUR 10.80 to EUR 10.60. Buy.
• LBBW downgrades PHILIPS $PHIA (+0 %) from Buy to Hold and lowers target price from EUR 30 to EUR 26.
• GOLDMAN downgrades ABB
  $ABBNY (+0,95 %) from Buy to Neutral. Target price CHF 52.
• UBS lowers the price target for CARL ZEISS MEDITEC $AFX (-0,6 %) from EUR 71 to EUR 65. Neutral.
• JPMORGAN lowers the price target for STMICRO
  $STMPA (-4,24 %) from EUR 42 to EUR 35. Overweight.

Semiconductor shares since their 52-week highs

-61% Intel $INTC (+4,27 %)

-54% Aixtron $AIXA (-3,15 %)

-45% STMicroelectronics $STMPA (-4,24 %)

-44% Micron Technology $MU (-3,44 %)

-37% Globalfoundries $GFS (+1,31 %)

-36% BE Semiconductor $OXVE

-33% Lam Research $LRCX

-29% AMD $AMD (-2,48 %)

-29% Qualcomm $QCOM (-1,13 %)

-28% ON Semiconductor $ON (-1,51 %)

-27% ASML $ASML (+0,71 %)

-26% Applied Materials $AMAT (-1,62 %)

-26% Elmos Semiconductor $ELG (-4,64 %)

-24% Microchip Techn. $MCHP (-0,82 %)

-23% ARM $ARM (-2,51 %)

-23% Synopsys $SNPS (+1,79 %)

-23% Infineon $IFX (-4,08 %)

-22% NXP Semiconductors $NXPI (-0,71 %)

-20% Cadence Design $CDNS (+3,5 %)

-17% Nvidia $NVDA (-0,57 %)

-17% VanEck Semicon. ETF $IE00BMC38736 (-1,02 %)

-17% Nordic Semi $NRS

-17% KLA Corporation $KLAC (-1,83 %)

-13% Marvell Technology $MRVL (-2,1 %)

-12% TSMC $2330

-11% Broadcom $AVGO (-0,88 %)

-7% Texas Instruments $TXN (-2,51 %)

-6% Monolithic Power Syst. $MPWR (-5,91 %)

>> Which stocks are you invested in and how are they performing? Which of these stocks do you have on your watchlist? #semiconductor
#halbleiter

04.09.2024

US antitrust watchdogs have questions for Nvidia + Sales figures from the semiconductor sector shock investors + Cost savings at VW not a selling point

The dominance in chips for artificial intelligence has made the chip company Nvidia $NVDA (-0,57 %) into the sights of American competition authorities. The US Department of Justice has requested information from Nvidia and other companies with legally binding requests, the financial service Bloomberg reported. The antitrust watchdogs are concerned, among other things, that Nvidia could make it more difficult for customers to switch to the competition, according to sources close to the matter. Nvidia has benefited from the AI boom more than almost any other company. The company's chips have established themselves as the leading hardware for training software with artificial intelligence in data centers. This has brought Nvidia explosive growth in turnover, profit and share price. In addition to the chips, the company also earns money from software. Rivals such as AMD and Intel have so far found it difficult to seriously compete with Nvidia in this business.

Disappointing sales figures from the semiconductor industry sent shockwaves through the sector on Tuesday. Shares in the chip company Nvidia, for example, were hit hard, plummeting by almost seven percent in New York, making them one of the weakest stocks in the Nasdaq 100. The technology-heavy index recently fell by more than two percent. Nvidia shares had already come under heavy pressure recently following a disappointing outlook. Since the beginning of the year, however, they are still up more than 120 percent. This is by far the strongest increase in value of all stocks listed in the Nasdaq 100. In New York, the following also fell ARM Holdings $ARM (-2,51 %) , Intel $INTC (+4,27 %) and KLA Corporation fell between six and seven percent on Tuesday. Among the biggest losers in the leading European index EuroStoxx 50 were ASML $ASML (+0,71 %) fell by 4.4 percent, and in Paris STMicro $STMPA (-4,24 %) fell by 4.6 percent. In Frankfurt Infineon $IFX (-4,08 %) lost 4.7 percent, which put them in last place in the leading Dax index.

Car shares were also weak. The VW share $VOW3 (-2,82 %) slipped by 1.2 percent. The tightening of austerity measures is not seen as a reason to buy. DZ Bank, for example, said that the market's profit estimates for 2024 and 2025 could fall. This is because costs for restructuring and personnel measures could have a negative impact, and the news also implies a weak development of the VW brand. Other car stocks such as Mercedes $MBG (-1,33 %) and BMW $BMW (-2,03 %) fell by up to 1.9 percent.

Wednesday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

Aegon EUR 0.16

Quarterly figures / company dates USA / Asia

22:05 Hewlett Packard Enterprise Quarterly figures

Quarterly figures / company dates Europe

09:30 Volkswagen works meeting at the main plant in Wolfsburg

14:00 Volkswagen Works Council meeting | Logitech H

Economic data

• 09:45 IT: Purchasing Managers' Index/PMI non-manufacturing August PROGNOSIS: 52.4 previous: 51.7
• 09:50 FR: Purchasing Managers' Index/PMI non-manufacturing (2nd release) August PROGNOSE: 55.0 1st release: 55.0 PREV: 50.1 Total Purchasing Managers' Index (2nd release) PROGNOSE: 52.7 1st release: 52.7 PREV: 49.1
• 09:55 DE: Purchasing Managers' Index/PMI non-manufacturing (2nd release) August PROGNOSE: 51.4 1st release: 51.4 previous: 52.5 Total Purchasing Managers' Index PROGNOSE: 48.5 1st release: 48.5 previous: 49.1
• 10:00 EU: Purchasing Managers' Index/PMI non-manufacturing euro area (2nd release) August PROGNOSE: 53.3 1st release: 53.3 previous: 51.9 Purchasing Managers' Index total PROGNOSE: 51.2 1st release: 51.2 previous: 50.2
• 10:30 UK: Purchasing Managers' Index/PMI non-manufacturing (2nd release) August 1st release: 53.3 previous: 52.5
• 11:00 EU: Producer Prices July Eurozone PROGNOSE: +0.3% yoy/-2.5% yoy previous: +0.5% yoy/-3.2% yoy
• 14:30 US: July trade balance PROGNOSE: -79.0 bn USD previous: -73.11 bn USD
• 15:45 US: Purchasing Managers' Index/PMI Services (2nd release) August 1st release: 55.2 previous: 55.0
• 16:00 US: Industrial New Orders July PROGNOSE: +4.9% yoy previous: -3.3% yoy

Tesla supplier with double-digit growth builds two new factories.

$STMPA (-4,24 %)

https://www.handelsblatt.com/technik/it-internet/e-autos-stmicroelectronics-baut-neues-werk-fuer-stromsparchips-auf-sizilien/100041607.html