STM Stock Summary and Trading Ideas (Stmicroelectronics N.V. | NYSE:STM)

A merger between Italian firm SGS Microelettronica and the nonmilitary business of Thomson Semiconductors in France formed STMicroelectronics in 1987. STMicroelectronics is a leader in a variety of semiconductor products, including analog chips, discrete power semiconductors, microcontrollers, and sensors. It is an especially prominent chip supplier to the industrial and automotive industries.

Stmicroelectronics N.V. trades on the NYSE stock market under the symbol STM.

As of April 18, 2024, STM stock price declined to $39.61 with 3,849,770 million shares trading.

STM has a beta of 1.78, meaning it tends to be more sensitive to market movements. STM has a correlation of 0.37 to the broad based SPY ETF.

STM has a market cap of $35.69 billion. This is considered a Large Cap stock.

Last quarter Stmicroelectronics N.V. reported $4 billion in Revenue and $1.14 earnings per share. This fell short of revenue expectation by $-30 million and exceeded earnings estimates by $.19.

In the last 3 years, STM stock traded as high as $55.85 and as low as $28.35.

The top ETF exchange traded funds that STM belongs to (by Net Assets): SMH, SOXX, SOXL, AVDE, KOMP.

STM has underperformed the market in the last year with a price return of -21.0% while the SPY ETF gained +22.3%. STM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.8% and -6.9%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

STM support price is $39.60 and resistance is $41.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that STM stock will trade within this expected range on the day.