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BofA Securities selects preferred European semiconductor stocks ahead of earnings

Investing.com ·

STM ST Microelectronics
$44.02 -0.16%
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TSEM TSEM -0.09%
  1. 1BofA Securities prefers STMicroelectronics NV, Infineon, Tower Semiconductor, and Nordic Semiconductor over Melexis.
  2. 2Nordic Semiconductor's EBITDA margin rose from 15.4% in Q2 to 18.1% in Q3.
  3. 3BofA Securities maintains a buy rating on Nordic Semiconductor and an underperform rating on Melexis.

So what's the key point?

BofA Securities gave a better rating to Nordic Semiconductor among European semiconductor companies. Nordic Semiconductor's profit margin rose to 18.1%, so they recommend buying this stock.

Source Investing.com · View original ↗

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