STMicroelectronics Stock Climbs 2% Approaching the €70 Mark
The Franco-Italian semiconductor manufacturer continues its ascent in the mid-afternoon, within a sharply rising CAC 40. The stock extends a spectacular rally that began in the spring and is now flirting with a psychological round threshold. Momentum indicators confirm a still tense configuration after several weeks of soaring.
A Rally that Takes the Stock 128% Above its 200-Day Moving Average
STMicroelectronics stock is up 2.13% at €69.19 during the session, while the CAC 40 is up 1.13%. The stock thus ranks among the top half of the Parisian index, although not leading, a position held by Stellantis (+6.2%) in a market relieved by the easing on the oil barrel. Nonetheless, the performance remains impressive over longer horizons: nearly 25% over one month, and a gain of +141.8% over three months, more than double.
Today's movement brings the price closer to the round threshold of €70, an immediate psychological level above which the stock would move into completely uncharted territory. The 20-day moving average at €60.69 is now 14% below the price, and the 200-day moving average at €30.35 is more than 128% below: a gap that reflects the magnitude of the rally that began in February. The RSI at 68 remains just below the overbought threshold, indicating that the buying momentum has not yet reached a point of characterized exhaustion.
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Today's rise occurs in a favorable sector environment. ASML and ASM International are also in the green, and the Asian session saw the Nikkei jump nearly 5%, driven by the US-Iran framework agreement and the retreat of Brent oil which reduces the geopolitical risk premium on technological supply chains. The latest target upgrades by Bank of America and Deutsche Bank on June 10 and 11 continue to fuel the momentum, as does the announced increase in data center ambitions at the beginning of June, which set the target at 1 billion dollars by 2026.
This surge mechanically stretches the valuation. According to the consensus of surveyed analysts, the stock is trading at about 62.8 times earnings for the current fiscal year and 32.2 times those of the next fiscal year. The eventual crossing of the €70 mark will constitute the next technical reference point observable, with the stock having no previous graphical reference above that level.
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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.
