STMicroelectronics up on ON Semi's positive outlook; Equita, Akros remain cautious
Shares of STMicroelectronics STMPA.PA rise as much as 8%, following positive comments from biggest U.S. peer, ON Semiconductor, about a potential recovery in the industrial and automotive sectors in the second half of 2025
However, Equita and Banca Akros keep, respectively, "hold" and "neutral" ratings on STMicroelectronics, stating limited applicability of ON Semi's gains
Banca Akros notes that competitor ON Semiconductor's CEO made positive comments about a second-half recovery in industrial and automotive markets, which could benefit STM
However, the broker adds ON Semi's optimism on automotive recovery may be company-specific due to aggressive pricing of silicon carbide chips
Equita adds STM's limited exposure to Chinese original equipment manufacturers and the AI sector is expected to become a more significant driver starting only next year
The company's shares are up 7.5% at 10:29 GMT after rising as much as 8%, highest since March 10
Including today's rise, stock up 0.33% YTD
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