STMicroelectronics Shares Drop Nearly 7% in a Week, Key Support Threatened
STMicroelectronics ended the week on a negative note, dropping 2.48% to 27.11 euros this Friday, March 20. The semiconductor manufacturer's stock has seen a decline of 6.94% over the last seven days amid heightened tensions in European markets. Meanwhile, the CAC 40 also fell by 1.40% during the session, to 7,698 points.
The share price of STMicroelectronics has fallen below its 20-day moving average, set at 28.50 euros, confirming the exhaustion of the bullish momentum observed since the beginning of the year. However, the stock still remains above its 50-day moving average (26.63 euros) and well above the 200-day average (24.14 euros), indicating a medium-term trend that is still oriented upwards: the three-month performance is at +22.23%. The RSI, an indicator measuring the relative strength of the movement, is at 47, which is in the neutral zone, without any oversold signal. The price is approaching the lower boundary of the Bollinger Bands (27.17 euros), a technical threshold that, if breached, could lead to a test of the support identified at 24.61 euros. On the upside, the nearest resistance is at 29.38 euros. In the European semiconductor sector, ASML Holding also fell by 2.16% during the session, illustrating a selling pressure common across the industry.
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Today's session was marked by a general climate of caution across European markets. The SBF 120 lost 1.39% during the session, while the VIX, a barometer of implied market volatility in the U.S., stood at 25.09 points at its last available quote (March 18), a level indicating high tension, up more than 12% from the previous day. For STMicroelectronics, the next major appointment is set for April 23 with the publication of the first quarter 2026 results. This deadline could be an important catalyst, likely to provide increased visibility on the evolution of demand in the automotive, industrial, and consumer markets, key segments for the Franco-Italian group listed in Paris and Amsterdam. The stock's beta, measured at -0.30, indicates an inverse and moderate correlation with its reference index over the recent period, an atypical statistical profile that may reflect the unique dynamics of the semiconductor cycle. The monthly volatility, at 11.43%, remains contained compared to the movements observed over the past week.
« 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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