STMicroelectronics Shares Drop 1.3% in Early Afternoon Despite Target Revisions
STMicroelectronics shares are trading in the negative territory this Tuesday, February 3rd, in the middle of the day, losing 1.27% at 23.795 euros. The semiconductor manufacturer is thus correcting part of its recent progress, after having gained 11.5% over three months. This session occurs in a context where several analysts have revised their forecasts on the stock.
Banking Institutions Adjust Outlook on STMicroelectronics
Two banking institutions have adjusted their outlook on STMicroelectronics in recent days. HSBC initiated coverage this Tuesday with a buy rating and a target set at 29 euros, representing a potential upside of 21.9% from the current price. Meanwhile, UBS confirmed its positive recommendation at the end of January, raising its target from 30 to 31 euros, implying a potential appreciation of 30.3%. These revisions reflect a renewed interest from analysts for the Franco-Italian group, in an industry environment that is gradually recovering its colors after a challenging period. The forecasts from both banks fall within a relatively close range, suggesting a convergence of expectations on the fundamentals of the electronic chip producer.
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From a technical standpoint, the stock fluctuates between its support at 21.92 euros and its resistance at 25.02 euros, the latter being a major short-term obstacle. The recent crossing of the fifty-day moving average, now at 22.57 euros, signals a constructive dynamic over several weeks, even though today's session marks a pause. The Relative Strength Index stands at 46, positioning the stock in a neutral zone without any pronounced overbought or oversold condition. The monthly volatility of 12.5% reflects significant price movements in a historically cyclical sector. Investors will monitor the stock's ability to maintain its quarterly gains before the release of the first quarter 2026 results, expected on April 23rd, which could be a decisive catalyst for the trend in the coming 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.
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