STMicroelectronics Shares Hit New High at €57.30, Leading the CAC 40

A New Record at €57.30 Extends the Semiconductor Rally

STMicroelectronics shares reached a new five-year high during the session at €57.30, surpassing the previous record of €56.11 set on May 21. The stock is priced at €56.81 at midday, leading the CAC 40 as the Paris index gains 0.36%. This session continues a spectacular rally that began in February: the price has nearly doubled in three months (+98.95%) and has gained 147.6% over a year. This movement is part of a favorable sector dynamic. Among European counterparts, ASML is up 2.90% and ASM International by 2.40%. In the United States, Micron has jumped 4.11% and Lam Research 3.47%, while Nvidia has fallen 1.77% after its results released earlier this week, already discussed in yesterday's brief. Today's rise confirms a series of peaks for the Franco-Italian title, the fourth in two weeks.

A Price 109% Above the MM200 and an RSI at 74 Indicating Technical Tension

The price is far from its long-term moving averages, reflecting the magnitude of the movement. The MM200 is at €27.14, a difference of 109% from the current price; the MM50 at €38.16 remains nearly 49% below. This configuration mechanically accompanies an RSI at 74, in a marked overbought zone after several sessions of sustained increase. In terms of valuation, according to the consensus of surveyed analysts, the stock is priced at about 54.3 times the expected earnings for the current fiscal year and 29.2 times those of the next fiscal year, a level that reflects expectations of recovery after a Q1 2026 marked by a 23% growth in sales but a net result down by 34%, detailed in the quarterly publication of April 23. The technical resistance at €55.27 has been clearly breached; the next graphical reference will be today's peak at €57.30.