Morgan Stanley downgraded STMicroelectronics from Equal-Weight to Underweight
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/4/2024 | Equal-Weight → Underweight | Morgan Stanley | |
| 7/26/2024 | $50.00 → $40.00 | Buy | TD Cowen |
| 7/26/2024 | Overweight → Equal-Weight | Morgan Stanley | |
| 6/18/2024 | $35.50 → $45.80 | Sell → Neutral | Goldman |
| 4/23/2024 | Hold → Buy | Berenberg | |
| 2/22/2024 | Buy | HSBC Securities | |
| 1/25/2024 | $50.00 → $48.00 | Buy | Craig Hallum |
| 12/15/2023 | Neutral → Buy | UBS |
6-K - STMicroelectronics N.V. (0000932787) (Filer)
6-K - STMicroelectronics N.V. (0000932787) (Filer)
6-K - STMicroelectronics N.V. (0000932787) (Filer)
SC 13G/A - STMicroelectronics N.V. (0000932787) (Subject)
STMicroelectronics Announces Status ofCommon Share Repurchase Program Disclosure of Transactions in Own Shares – Period from Oct 28, 2024 to Nov 01, 2024 AMSTERDAM – November 4, 2024 -- STMicroelectronics N.V. (the "Company" or "STMicroelectronics"), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the "Program") disclosed via a press release dated June 21, 2024. The Program was approved by a shareholder resolution dated May 22, 2024 and by the supervisory board. STMicroelectronics N.V. (registered with the trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) announc
PR No: C3290C STMicroelectronics Reports 2024 Third Quarter Financial Results Q3 net revenues $3.25 billion; gross margin 37.8%; operating margin 11.7%; net income $351 millionYTD net revenues $9.95 billion; gross margin 39.9%; operating margin 13.1%; net income $1.22 billionBusiness outlook at mid-point: Q4 net revenues of $3.32 billion and gross margin of 38%Launch of a new company-wide program to reshape our manufacturing footprint accelerating our wafer fab capacity to 300mm Silicon and 200mm Silicon Carbide and resizing our global cost base Geneva, October 31, 2024 – STMicroelectronics N.V. ("ST") (NYSE:STM), a global semiconductor leader serving customers acr
STMicroelectronics' innovative biosensing technology enables next-generation wearables for individual healthcare and fitness Highly integrated biosensor device combines input channel for cardio and neurological sensing with motion tracking and embedded AI core Demonstration to take place at Electronica 2024, Munich, November 12-15 Geneva, Switzerland, October 28, 2024 – STMicroelectronics (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has introduced a new bio-sensing chip for the next generations of healthcare wearables like smart watches, sports bands, connected rings, or smart glasses. The ST1VAFE3BX chip combines a high-accu
PR No: C3290C STMicroelectronics Reports 2024 Third Quarter Financial Results Q3 net revenues $3.25 billion; gross margin 37.8%; operating margin 11.7%; net income $351 millionYTD net revenues $9.95 billion; gross margin 39.9%; operating margin 13.1%; net income $1.22 billionBusiness outlook at mid-point: Q4 net revenues of $3.32 billion and gross margin of 38%Launch of a new company-wide program to reshape our manufacturing footprint accelerating our wafer fab capacity to 300mm Silicon and 200mm Silicon Carbide and resizing our global cost base Geneva, October 31, 2024 – STMicroelectronics N.V. ("ST") (NYSE:STM), a global semiconductor leader serving customers acr
STMicroelectronics Announces Timing for Third Quarter 2024 Earnings Release and Conference Call and Capital Markets Day Webcast Geneva – October 4, 2024 – STMicroelectronics (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced that it will release third quarter 2024 earnings before the opening of trading on the European Stock Exchanges on October 31, 2024. The press release will be available immediately after the release on the Company's website at www.st.com. STMicroelectronics will conduct a conference call with analysts, investors and reporters to discuss its third quarter 2024 financial results and current business outl
STMicroelectronics Reports 2024 Second Quarter Financial Results Q2 net revenues $3.23 billion; gross margin 40.1%; operating margin 11.6%; net income $353 millionH1 net revenues $6.70 billion; gross margin 40.9 %; operating margin 13.8%; net income $865 millionBusiness outlook at mid-point: Q3 net revenues of $3.25 billion and gross margin of 38% Geneva, July 25, 2024 – STMicroelectronics N.V. ("ST") (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported U.S. GAAP financial results for the second quarter ended June 29, 2024. This press release also contains non-U.S. GAAP measures (see Appendix f
Morgan Stanley downgraded STMicroelectronics from Equal-Weight to Underweight
TD Cowen reiterated coverage of STMicroelectronics with a rating of Buy and set a new price target of $40.00 from $50.00 previously
Morgan Stanley downgraded STMicroelectronics from Overweight to Equal-Weight
The semiconductor manufacturer is the latest organisation to join other industry players exploring the potential of RISC-V architecture STMicroelectronics (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has joined Quintauris GmbH as its sixth shareholder. ST joins other Quintauris shareholders, Robert Bosch GmbH, Infineon Technologies AG, Nordic Semiconductor ASA, NXP® Semiconductors, and Qualcomm Technologies, Inc. Quintauris was founded in December 2023 to advance the adoption of products based on RISC-V principles. This will include access to reference architectures, and assistance in the creation of versatile, cross-indust
All resolutions approved at the 2024 STMicroelectronics' Annual General Meeting of Shareholders Amsterdam, May 22, 2024 - STMicroelectronics (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced the results related to the voting items of its 2024 Annual General Meeting of Shareholders (the "2024 AGM"), which was held today in Amsterdam, the Netherlands. All the resolutions were approved by the Shareholders: The adoption of the Company's statutory annual accounts for the year ended December 31, 2023, prepared in accordance with International Financial Reporting Standards (IFRS). The 2023 statutory annual accounts were filed
STMicroelectronics Reports on Resolutions to be Proposed at the 2024 Annual General Meeting of Shareholders Amsterdam, March 22, 2024 - STMicroelectronics (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced the resolutions to be submitted for adoption at the Annual General Meeting of Shareholders (AGM) which will be held in Amsterdam, the Netherlands, on May 22, 2024. The resolutions, proposed by the Supervisory Board, are: The adoption of the Remuneration Policy for the Supervisory Board;The adoption of the Company's statutory annual accounts for the year ended December 31, 2023, prepared in accordance with Interna
U.S. stock futures were lower this morning, with the Nasdaq futures dipping around 0.5% on Thursday. Shares of Ford Motor Company (NYSE:F) fell sharply in today's pre-market trading following a second-quarter earnings miss. Ford reported second-quarter revenue of $47.8 billion, up 6% year-over-year. The revenue beat a Street consensus estimate of $44 billion according to data from Benzinga Pro. The company reported quarterly earnings per share of 47 cents, missing a Street consensus estimate of 68 cents. Ford Motor shares dipped 13% to $11.90 in the pre-market trading session. Here are some big stocks recording losses in today's pre-market trading session. Edwards Lifescience
STMicroelectronics NV (NYSE: STM) reported a fiscal second-quarter 2024 revenue decline of 25.3% year-on-year to $3.23 billion, beating the analyst consensus estimate of $3.20 billion. The Tesla Inc (NASDAQ:TSLA) and Apple Inc (NASDAQ:AAPL) supplier’s EPS of $0.38 beat the analyst consensus estimate of $0.36. Sales to OEMs decreased by 14.9% Y/Y, and Distribution sales fell by 43.7% Y/Y. Analog products, MEMS, and Sensors (AM&S) segment revenue declined 10.0% Y/Y to $1.17 billion, mainly due to a decrease in Imaging. Power and Discrete products (P&D) segment revenue decreased 24.4% Y/Y to $747 million. The microcontrollers (MCU) segment revenue decreased 46.0% year over y
Sentiment continues to be jittery, with the major index futures priming for a lower opening on Thursday as traders look ahead to the first read of second-quarter GDP data and more earnings. The tech space could once again drag the broader market after a few disappointing earnings reports from the likes of Franco-Italian chipmaker STMicroelectronics N.V. (NYSE:STM), which predominantly supplies to the automotive end market, and semiconductor test-equipment company Teradyne, Inc. (NASDAQ:TER). Traders may also stay glued to second-quarter GDP data to confirm the slowdown suggested by some recent data does not point to a hard landing. That said, bond yields are dipping as the market, factori