STMicroelectronics Shares Bounce Nearly 2%, Driven by Semiconductor Sector
The Franco-Italian semiconductor manufacturer is gaining ground during the session, following recent profit-taking. The stock benefits from a favorable sector momentum, as its American counterparts also post significant gains. Technical indicators remain tight after a spectacular spring.
The stock moves forward in the wake of a buoyant semiconductor sector
STMicroelectronics shares are up 1.99% at €66.64 mid-session, among the strongest gains in the CAC 40. The Paris index is up 0.88%, and the semiconductor sector is driving the market: ASML is up 1.10%, ASM International 2.18%. In the United States, counterparts had sessions of strong gains the day before. Micron surged by 9.87%, Lam Research by 6.98% and AMD by 5.14%, with the Nasdaq up 0.84% at Monday's close. This rebound comes after recent profit-taking, which had followed the spectacular rally that began in February. Over three months, the stock now shows a gain of 145.5%, and 166% over one year.
A still tight technical configuration despite distancing from all moving averages
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
You're in — subscription confirmed!
Your first edition is on its way. Check your spam folder and add us to your contacts.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
Gratuit · chaque matin
Ne ratez plus rien sur vos actions
La tendance derrière les cours. L'essentiel des valeurs Euronext en quelques minutes.
📈les valeurs en mouvement, sur la durée
🎯les objectifs d'analystes qui évoluent
📰les actualités qui font bouger les cours
tendance · 6 séances
✓ C'est fait, vous êtes inscrit !
Votre première édition arrive bientôt. Pensez à vérifier vos spams.
Une erreur est survenue.
CAC 40 · SBF 120 · données indicatives · aucun conseil en investissement · désinscription à tout moment.
The price is far above its three moving averages: the MM20 is at €58.32 (a gap of 14.27%), the MM50 at €46.20, and the MM200 at €29.55. This distance reflects the magnitude of the recent bullish movement. The RSI at 68 remains close to the overbought zone without crossing it. The stock is approaching its identified resistance at €68.49. In terms of valuation, the stock is trading at about 60.7 times the earnings expected for the current fiscal year and 31.9 times those of the next, according to the consensus of analysts surveyed. As a reminder, the group had raised its ambition on June 2 for the data center business to about $1 billion in 2026, with a potential doubling in 2027, as indicated in the group's communication on its data center ambitions.
Jean-Marc Chéry, Président du Directoire et Directeur Général de ST, a déclaré :
Risks mentioned
Diminution des charges liées aux capacités non utilisées.
Changements éventuels des tarifs douaniers globaux.
Opportunities identified
Contribution de l'activité capteurs MEMS de NXP au chiffre d'affaires net.
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.
