STMicroelectronics Shares Reach Two-Year High: +118% in 2026
The stock of the Franco-Italian semiconductor manufacturer reaches a new two-year high in mid-afternoon trading on Wednesday, April 29, 2026, at €44.39. The session's increase of 4.21% brings the annual performance to 118.3%, in a generally bearish market environment, with the CAC 40 down 0.24% during the session. This surge follows a wave of target price upgrades by analysts.
Two major banking institutions updated their views on STMicroelectronics on April 28. JP Morgan raised its price target from €38 to €48, while maintaining a neutral stance. HSBC was more aggressive, raising its target from €35 to €53 along with a buy recommendation. Based on the current price of €43.97, HSBC's target offers a potential appreciation of about 20.5%, while JP Morgan's target suggests a residual potential of close to 9.2%. These adjustments reflect a reevaluation of the financial profile of the group, following a first quarter marked by a revenue increase of 23%. European peers partially mirror this movement, with ASML Holding up 1.18% and ASM International gaining 0.94% during the session.
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The quarterly performance reached 76.09%, and the stock has risen 16.91% in the past week alone. This acceleration has pushed several indicators into extreme tension zones. The RSI stands at 86, well above the traditional overbought threshold of 70. Concurrently, the price is now above the upper Bollinger Band limit, set at €42.88, confirming the intensity of the ongoing upward movement. The crossing of the previous resistance level at €43.37 is the major technical event of the session, with the stock having risen beyond its previous high of €44.29 set in 2024. The 50-day moving average at €30.51 and the 200-day average at €24.94 reflect the extent of the progress made since the low reached at the beginning of the year. The next key event anticipated by the market is the release of the second quarter 2026 results, scheduled for July 23.
« 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.
