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   Technology StocksSTMicroelectronics

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From: zax4/24/2019 11:43:23 AM
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STMicroelectronics N.V. (STM) 18.83 +0.65 (+3.58%)

STM Nucleo dev board, ARM processor, built in jtag debugger. $19!

STMicro shares up on outlook for second half
By Mathieu Rosemain

PARIS (Reuters) - Franco-Italian chipmaker STMicroelectronics struck an upbeat tone for the second half of the year on Wednesday after a steep fall in quarterly sales of sensors compelled it to trim its investment plans.

The supplier to iPhone maker Apple and electric carmaker Tesla saw signs of recovery in the first quarter and expects higher demand for industrial sensors and silicon-carbide semiconductors, aimed at making electric cars more independent.

"This, coupled with the financial stimulus programs in China, is increasing our confidence level for improved market conditions for the second half of 2019," Chief Executive Officer Jean-March Chery told analysts on a conference call.

Chinese authorities last week pledged that they would maintain policy support for the economy to fend off any potential slowdown, following already announced tax cuts and spending on infrastructure.

STMicro's shares were up by about 3 percent at 0913 GMT, valuing the company at 14.4 billion euros ($16.15 billion).

The Geneva-based company said it had a clearer view of its full-year revenue, which it expects to be between $9.45 billion and $9.85 billion, largely unchanged from a year earlier, as it adjusts to a volatile market seeking new sophisticated chips for self-driving cars and AI-enabled devices.

On Wednesday South Korea's Samsung Electronics indicated it would join the crowded field by investing $116 billion in non-memory chips through 2030 and challenge bigger rivals such as TSMC and Qualcomm.

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From: zax5/14/2019 12:21:18 PM
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STMicroelectronics N.V. (STM)
16.88 +1.16 (+7.42%)

STMicro expects mid-term operating margin to grow to 17-19%

PARIS, May 14 (Reuters) - Franco-Italian chipmaker STMicroelectronics said it expected a surge in profit growth thanks to higher sales to automotive, industrial and smartphone clients.

The Geneva-based company, whose customers include iPhone maker Apple and electric car maker Tesla, sees full-year operating margin to be in the range of 17-19% in the mid-term, up from about 14.5% in 2018, it said in a statement.

"We have the determination to make ST stronger, with the ambition to outperform the markets we serve to become a sustainable and profitable $12 billion company in the mid-term," chief executive Jean-Marc Chery told investors in London.

The group expected second-half revenue to amount to $5.45 billion, significantly higher than the $4.2 billion of sales forecast in the first half. It also sees its full-year gross margin at around 39%. (Reporting by Mathieu Rosemain and Gwenaelle Barzic; Editing by Sudip Kar-Gupta)

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From: zax5/20/2019 2:48:52 PM
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STMicroelectronics N.V. (STM)
15.54 -1.45 (-8.53%)

STMicroelectronics declines to comment on Nikkei report on Huawei shipments

PARIS (Reuters) - STMicroelectronics declined to comment on Monday on a report in the Nikkei Asian Review that said it was set to have meetings this week to discuss whether to continue shipping to Huawei.

The Nikkei Asian Review had earlier reported that German chipmaker Infineon had suspended shipments to Huawei Technologies, in a sign that Washington's crackdown on the Chinese tech company is beginning to hamper its supplies beyond the United States.

According to regulatory filings, Huawei is among STMicroelectronics' top 10 customers.

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From: zax7/22/2019 12:23:44 PM
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What's in Store for STMicroelectronics' (STM) Q2 Earnings?

STMicroelectronics N.V. STM is slated to report second-quarter 2019 results on Jul 25.

Notably, the company topped the Zacks Consensus Estimate in two of the trailing four quarters, delivering average positive surprise of 1.82%.

In the last reported quarter, STMicroelectronics reported non-GAAP earnings of 20 cents per share, which missed the Zacks Consensus Estimate by a penny.

First-quarter net revenues also decreased 6.7% year over year to $2.1 billion due to weakness in analog, MEMS and sensors group.

For the second quarter, the company expects net revenues to increase approximately 2.4% and gross margin to grow about 38.5% on a sequential basis.

STMicroelectronics N.V. Price and EPS Surprise

STMicroelectronics N.V. price-eps-surprise | STMicroelectronics

Factors to Consider

In the to-be-reported quarter, the company’s well-performing products are likely to have aided its performance across all end-markets served. Moreover, the company’s higher-value products will likely contribute to top-line growth in the quarter.

For the second quarter, STMicroelectronics remains optimistic about strong momentum across industrial, automotive and personal electronics markets, thanks to growing demand for smartphone applications.

The company has been witnessing growing contract wins in areas of braking, body control and engine management. This is expected to help STMicroelectronics to sustain momentum in the automotive market.

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