STMicroelectronics Advances 1.51% at Midday Despite Limited Volumes
STMicroelectronics is up 1.51% at 24.495 euros midday this Thursday, January 15, continuing its positive momentum following the target price upgrades from Jefferies and Goldman Sachs earlier in the week, ahead of the annual results announcement scheduled for January 29.
Strong Quarterly Performance from TSMC Boosts Market Confidence
TSMC, the world's leading semiconductor producer, has shattered analyst expectations by announcing this morning a quarterly revenue far exceeding forecasts: 1046 billion Taiwanese dollars, over 33 billion above estimates, marking a 20.5% increase year-over-year. These record results have significantly stimulated the market. STMicroelectronics shares started the session at 24.18 euros and steadily climbed to reach 24.495 euros by midday, an increase of 1.51% compared to the previous day's close of 24.13 euros. This rise is part of a positive trend that began in early January, with the stock experiencing a slight decline of 0.81% over seven days, but showing a gain of 0.27% over three months and 4.19% over a year. The recent context has been marked by target price adjustments by several analysts. On Monday, January 13, Jefferies raised its target from 26 to 29 euros, while Goldman Sachs increased its target from 22 to 22.60 euros, maintaining a neutral recommendation. These revisions come two weeks before the announcement of the 2025 annual results, scheduled for January 29 before the opening of European markets, a key event that should provide clarity on the company's trajectory after a year marked by headwinds in the automotive sector.
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Technically, the stock is now trading above its key moving averages, with a price 13.5% higher than the 50-day moving average set at 21.58 euros and 7.6% above the 200-day moving average at 22.77 euros. This configuration indicates a bullish trend in the medium and long term. The RSI indicator stands at 66, an intermediate level that leaves room for progression before reaching the overbought zone, traditionally above 70. The stock is gradually approaching its resistance threshold at 25.02 euros, a level it had attempted to surpass several times in early January without sustained success. The support remains firmly established at 19.95 euros, offering a safety cushion of 18.5% relative to the current price. The MACD histogram shows a positive value of 0.05, confirming a moderately bullish momentum signal. The one-month volatility is set at 9.27%, a contained level reflecting some stability of the stock while awaiting major catalysts, notably the publication of annual accounts in two weeks.
« 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.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
