STMicroelectronics Plunges 51% YTD: Time to Hold or Fold the Stock? [Yahoo! Finance]
STMicroelectronics N.V. (STM)
Last stmicroelectronics n.v. earnings: 4/22 01:00 am
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Source: Yahoo! Finance
Over the same time frame, shares of its competitors, including NVIDIA NVDA, Amtech Systems ASYS, and Texas Instruments TXN, have climbed 186.6%, 36.9% and 16.1%, respectively. This underperformance can be attributed to the deterioration in customer backlogs and order entry during the third quarter. STM asserts that it reflects a clear shift in customers' priorities, moving decisively from fully battery electric vehicles to hybrids, and transitioning from premium to economy models. Furthermore, car manufacturers are actively downsizing production to manage inventory levels effectively. Softness in Power & Discrete and Microcontrollers was primarily affected by ongoing weakness in the Industrial end market, which negatively impacted top-line growth. In the first nine months of 2024, the company generated total revenues of $9.95 billion, down 23.5% from the same period in 2023. STMicroelectronics N.V. price-consensus-chart | STMicroelectronics N.V. Quote For the fourth quarter o
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STM
News
- STMicroelectronics Announces Status of Common Share Repurchase ProgramGlobeNewswire
- EU Chips Act 2.0 should include legacy chips, says industry group chief [Yahoo! Finance]Yahoo! Finance
- China's No 2 foundry to make legacy chips for Europe's STM, serving mainland market [Yahoo! Finance]Yahoo! Finance
- STMicroelectronics (NYSE: STM) had its "positive" rating re-affirmed by analysts at Susquehanna. They now have a $33.00 price target on the stock.MarketBeat
- STMicroelectronics announces long-term targets at Capital Markets Day [Yahoo! Finance]Yahoo! Finance
STM
Earnings
- 10/31/24 - Beat
STM
Sec Filings
- 11/25/24 - Form 6-K
- 11/20/24 - Form 6-K
- 11/18/24 - Form 6-K
- STM's page on the SEC website