Semiconductors largely higher even as big tech sells off; Intel results on deck
Seeking Alpha News (Thu, 25-Apr 10:40 AM ET)
Benzinga (Thu, 25-Apr 6:17 AM ET)
STMicroelectronics reports mixed Q1 results; initiates Q2 outlook
Seeking Alpha News (Thu, 25-Apr 1:32 AM ET)
STMicroelectronics Reports 2024 First Quarter Financial Results
Globe Newswire (Thu, 25-Apr 1:00 AM ET)
STMicroelectronics Q1 2024 Earnings Preview
Seeking Alpha News (Wed, 24-Apr 12:43 PM ET)
STMicroelectronics Expands SiC Wafer Supply Deal
TipRanks (Mon, 22-Apr 5:28 PM ET)
STMicroelectronics Completes Share Buyback
TipRanks (Mon, 22-Apr 4:57 PM ET)
STMicroelectronics Announces Status of Common Share Repurchase Program
Globe Newswire (Mon, 22-Apr 8:00 AM ET)
STMicroelectronics, ROHM expand silicon carbide wafer supply agreement
Seeking Alpha News (Mon, 22-Apr 4:43 AM ET)
ROHM Group Company SiCrystal and STMicroelectronics Expand Silicon Carbide Wafer Supply Agreement
Globe Newswire (Mon, 22-Apr 3:00 AM ET)
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 25, 2024, STM stock price climbed to $42.60 with 5,638,261 million shares trading.
STM has a beta of 1.77, meaning it tends to be more sensitive to market movements. STM has a correlation of 0.38 to the broad based SPY ETF.
STM has a market cap of $38.38 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 return of -8.3%, while the SPY ETF gained +23.6%. In the last 3 month period, STM fell short of the market, returning -7.2%, while SPY returned +4.1%. However, in the most recent 2 weeks STM has outperformed the stock market by returning +0.7%, while SPY returned -2.1%.
STM support price is $41.37 and resistance is $42.91 (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.