STMicroelectronics: 2.05% Decline at Midday in a Cautious Market
STMicroelectronics falls by 2.05% to 24.14 euros at midday on Monday, in a cautious market three days before the announcement of the 2025 annual results scheduled for January 29. Aletheia Capital Limited has raised its price target to 24.70 euros while maintaining its hold recommendation.
Market Movements Ahead of Annual Results Announcement
STMicroelectronics' stock has declined by 2.05% this Monday at midday, falling to 24.14 euros after closing at 24.65 euros on Friday. This pullback occurs in a watchful context, just three days before the publication of the 2025 annual results and the 2026 outlook. The share of capital traded remains limited at 0.04%, indicating modest activity on the stock. Nevertheless, the Franco-Italian semiconductor manufacturer has shown a 12.02% increase over three months, driven by a series of favorable target revisions by analysts. Aletheia Capital Limited raised its target from 22 to 24.70 euros this Monday while maintaining its hold recommendation, while Berenberg raised its target on January 23 to 29 euros with a buy recommendation. These adjustments follow a series of increases made in January by TD Cowen, Equita SIM, Jefferies, and Citi, reflecting a gradually improving market sentiment despite the operational difficulties faced by the group in 2025. The stock is now trading 9.4% above its 50-day moving average, positioned at 22.07 euros, confirming an upward medium-term trend.
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Technically, the stock remains above its support threshold at 21.81 euros and its 50-day moving average at 22.07 euros, two key levels crossed at the beginning of January that indicate a positive medium-term momentum. The RSI is at 56 points, in the neutral zone, which leaves room before reaching overbought levels above 70 points. This configuration reflects a balance between buyers and sellers a few days before a major deadline for the group. However, the price is still below the technical resistance at 25.02 euros, a threshold it had approached in recent days without managing to sustainably break through. The upper boundary of the Bollinger Bands is at 25.66 euros, while the lower boundary is positioned at 22.02 euros, offering a comfortable margin for the stock within this range. The MACD histogram shows a slight negative divergence at -0.03, indicating a slowdown in the short-term bullish momentum. The upcoming sessions will be crucial to confirm whether or not the bullish movement that began at the start of the month will continue, pending the fourth quarter 2025 figures and strategic orientations for 2026.
« Le chiffre d'affaires du quatrième trimestre a dépassé le milieu de notre prévision et la marge brute a été soutenue par un meilleur mix produit. »
STMicroelectronics a publié ses résultats pour le quatrième trimestre et l'année 2025. Le chiffre d'affaires annuel s'établit à 11,8 milliards de dollars avec une marge brute de 33,9% et un résultat opérationnel de 175 millions de dollars. Le bénéfice net attribuable aux actionnaires pour l'année est de 166 millions de dollars, et le flux de trésorerie disponible (non-U.S. GAAP) pour l'année est de 265 millions de dollars. Pour 2026, le point médian du trimestre est un chiffre d'affaires attendu de 3,04 milliards de dollars et une marge brute d'environ 33,7%.
Risks mentioned
changements dans les politiques commerciales mondiales, y compris les tarifs et barrières commerciaux, susceptibles d'affecter la demande
incertitudes macroéconomiques et inflation, influençant la production et la demande finale
écarts entre la demande client et les projections nécessitant des mesures de transformation
capacité à concevoir, fabriquer et vendre des produits innovants dans un environnement technologique rapide
Outlook / guidance
Expected revenue: Le chiffre d'affaires du premier trimestre 2026 est attendu autour de 3,04 milliards de dollars, en baisse séquentielle d'environ 8,7% et avec une marge brute d'environ 33,7% (plus ou moins 350 pb pour le chiffre d'affaires et plus ou moins 200 pb pour la marge brute).
Management commentary: La direction souligne que les perspectives dépendent des conditions macroéconomiques, des taux de change et du mix produit.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
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