Long swing through February, pick up 40c 2/21 for some profit. Good trend line, drop from lack of guidance back into the channel.
Comment:
Broke out today, on EU 150b fund for semiconductors (delayed reaction, my guess). More details coming out day by day now that Brexit has been sorted and attention can turn to other matters.
Expect STM to get a big funding boost given they are the French semiconductor company (ASML/NXPI = Dutch, Infineon = German).
Updating price target to 50s long term, with confidence.
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Expect STM to get a big funding boost given they are the French semiconductor company (ASML/NXPI = Dutch, Infineon = German).
Updating price target to 50s long term, with confidence.