(BFM Stock Exchange) – UBS explained in a note that the results of the second quarter should grow upwards in terms of profit forecasts per share for 2025. Which would be a first for many years. Oddo BHF for his part enhanced his opinion before this event.

Stmicroelectronics once again occupies the top of the poster on the Paris Stock Exchange. The semiconductor group takes 4.5% in the middle of the afternoon this Wednesday, July 2, signing the second highest increase in CAC 40 behind ArcelorMittal (+5.4%).

In a note published this Wednesday, UBS explains to expect reassuring results from the Franco-Italian group of semiconductors in the second quarter.

This would not be a huge surprise. In early June, the company’s management had already delivered, during a conference organized by Exane BNP Paribas, positive comments for its second and third quarter accounts.

“Revenues from the second quarter should be at least in the middle of forecasts (7.7% quarterly growth, compared to 8% for Jefferies, and 7.5% for consensus). The revenues of the third could be up in annual shift, which would imply quarterly growth of around 20%. This would bring the revenues of the third quarter to around 9% above the consensus and 6% above forecasts, “then detailed Jefferies. The action had then jumped 11%.

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In a “preview” of the group’s quarterly results, UBS believes that the publication could still surprise.

The Swiss bank judges that the accounts coupled with the prospects for the third quarter could lead the consensus to enhance its profit forecast per share for 2025 by more than 10%. Which would be a great first for several years.

Admittedly Stmicroelectronics is already experiencing a beautiful stock market rally, with an increase in its title of 21.7% over a month.

“However, since the cycle turns around, we think that the duration of the recovery (of action) is likely to continue and we repeat our opinion to the purchase,” explains UBS.

In detail, the bank expects revenues to increase by 12% in the third quarter compared to the previous quarter of 2025, against 10% for consensus. Turnover would then increase by 4%, still from one quarter to the other, over the last three months of 2025.

“We expect the new customer programs in the fields of AI, in China and on the side of Apple to rise in power during the second half of the year 2025, and management will probably speak of most of them,” said UBS. “We believe that the weakness of other key customers such as Tesla, Mobileeye and Bosch has started to diminish,” continues the establishment.

For its part Oddo BHF, quoted by News Bulletin 247, noted its advice to “outperformance” against “neutral” previously.

The broker recommends that he positions himself in the short term on the title to play the enthusiasm around the next publication. Oddo BHF thus evokes “a short -term opportunistic perspective, while waiting to see if it is just a readjustment (after an excess of destocking) or the beginning of a real cyclical recovery”.