STMicroelectronics Shares Rise 2% Marking One of the Top Gains in the CAC 40
The Franco-Italian semiconductor manufacturer continues its upward trend in mid-morning trading, following a well-oriented European sector. The stock is positioned at the top of the Paris index, after two American firms raised their price targets.
Morgan Stanley and JP Morgan Raise Their Targets on the Stock
STMicroelectronics is up 1.97% at €64.83 during the session, among the strongest gains in the CAC 40. The movement comes after two consecutive analyst rating upgrades. On June 30, Morgan Stanley raised its price target from €74 to €78, maintaining an 'overweight' rating. The day before, JP Morgan had raised its target from €48 to €71.50, while maintaining a neutral opinion. In the comparable market, ASML is up 3.67% and ASM International 1.65%, confirming the strong performance of the European semiconductor sector. According to the consensus of surveyed analysts, the stock is trading at about 57.4 times current year earnings and 29.2 times the following year's earnings, a multiple that reflects the surge over the last three months.
The Stock Reaches its 20-Day Moving Average After a 127% Rally Over Three Months
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Today's rebound brings the share price back in contact with the 20-day moving average at €64.55, after a week of pause (-6.57% over 7 days). The stock maintains a cushion of 20.19% above its 50-day moving average (€53.94) and remains more than 103% above its 200-day moving average, reflecting the magnitude of the rally that began in the spring (+127% over three months). The RSI at 54 is neutral, having exited a marked overbought zone in mid-June. The resistance identified at €69.39 remains the next technical threshold to cross to extend the upward sequence. The next concrete financial milestone will be the publication of the second quarter accounts.
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Context
Period
Period: T2 2026
Key reported figures
Revenue: 3 487 millions de dollars
Quarterly revenue: 3 487 millions de dollars
Revenue growth: 25,9 %
EBITDA margin: 7,7 %
Net income: 222 millions de dollars
Free cash flow: 75 millions de dollars
Guidance from the release
Nous anticipons une accélération de la croissance du chiffre d'affaires au quatrième trimestre, tirée principalement par les programmes engagés auprès de nos clients dans les domaines des data centers IA et de la communication par satellite LEO.
Risks mentioned
Le mix produit pourrait affecter la marge brute.
Les charges liées aux capacités non utilisées.
Des incertitudes sur les tendances industrielles.
Opportunities identified
Chiffre d’affaires supérieur à 4 milliards de dollars anticipé pour le quatrième trimestre.
Demande solide dans les data centers IA.
Amélioration de la visibilité et des signes de contraintes d’offre.
Outlook / guidance
Expected revenue: 3 700 millions de dollars
Management commentary: Point médian des perspectives pour le troisième trimestre 2026 : chiffre d'affaires net de 3,70 milliards de dollars et marge brute de 37,0 %.
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.
