|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||18.08 - 18.44|
|52 Week Range||10.63 - 18.48|
|Beta (3Y Monthly)||0.85|
|PE Ratio (TTM)||14.81|
|Forward Dividend & Yield||0.21 (1.17%)|
|1y Target Est||N/A|
Does the June share price for STMicroelectronics N.V. (EPA:STM) reflect what it's really worth? Today, we will...
Assessing STMicroelectronics N.V.'s (EPA:STM) past track record of performance is a useful exercise for investors. It...
A spokesman for Infineon Technologies AG -- one of Europe’s largest chipmakers -- said the majority of products it delivers to Huawei are not subject to U.S. restrictions, adding that the chipmaker can "make adaptions in our international supply chain." Austria-based AMS AG also said that it had not suspended shipments to Huawei. Infineon has suspended deliveries to Huawei, Nikkei Asian Review reported earlier Monday, citing two people familiar with the matter. The U.S. Commerce Department has said it will put Huawei on an “Entity List” -- meaning any U.S. company will need a special license to sell products to the world’s largest networking gear maker and second-largest smartphone brand.
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.
In the first public comments by a European leader since Wednesday’s move by Trump, Macron told Bloomberg Television he doesn’t intend to capitulate to U.S. pressure to block Huawei’s 5G equipment. France, Germany and the U.K. are among the key allies balking at American demands to shut Huawei out completely from 5G network construction -- or risk retribution.
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.
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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. STMicro's shares were up by about 3 percent at 0913 GMT, valuing the company at 14.4 billion euros ($16.15 billion).
On a per-share basis, the Geneva-based company said it had net income of 20 cents. The chip company posted revenue of $2.08 billion in the period. STMicroelectronics shares have increased 31 percent since ...
Franco-Italian chipmaker STMicroelectronics cut its full-year investment target on Wednesday after posting a fall in quarterly sales and profits, signalling a prolonged downturn in global chip demand. The Geneva-based company said it now had a capital expenditure plan in the range of $1.1 billion to 1.2 billion in 2019, down from $1.3 billion initially. STMicro, whose top clients include iPhone maker Apple and electric carmaker Tesla, said first-quarter net revenues slumped by about 22 percent from the previous quarter to $2.08 billion.
In Europe, shares of Austrian Apple supplier AMS AG jumped as much as 5.3 percent, while STMicroelectronics NV gained as much as 4.6 percent. Qualcomm rose 23 percent in U.S. trading on Tuesday afternoon after the settlement was reported and is trading up another 6 percent pre-market. “You could argue that an agreement with Qualcomm will allow Apple to introduce 5G next year and then the demand for iPhones could pick up,” H&A analyst Robin Brass said in emailed comments, adding that this could positively affect suppliers in Europe.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! STMicroelectronics N.V. (EPA:STM), a large-cap worth €12b, comes to mindRead More...