STMicroelectronics Shares Bounce Back 1.99% Following Post-Quantum Chip Launch
The Franco-Italian semiconductor manufacturer regains momentum in mid-morning trading, following a dismal session that had pushed it to the bottom of the CAC 40. The stock benefits from the announced launch of a new post-quantum secure chip for smartphones this Wednesday.
Stock Climbs to Second Place in CAC 40 After Significant Drop
STMicroelectronics shares are up 1.99% at €64.73, among the strongest gains in the CAC 40 by mid-morning. The stock has returned to second place in the index, just behind L'Oréal, after having finished last with a decline of nearly 6% the previous day. This rebound occurs as the company announced this morning the launch of the ST54M, a secure chip incorporating a dedicated hardware accelerator for post-quantum cryptography, aimed at smartphone manufacturers. This movement contrasts with the previous American session, where its New York-listed peers saw significant declines (Micron -13.18%, Lam Research -9.33%, AMD -5.76%, Nvidia -4.13%). Over the past month, the stock has maintained a nearly 12% gain, and it has more than doubled over three months (+139.7%).
Stock Reapproaches Its 20-Day Moving Average After a 160% Rally Over a Year
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Technically, the stock is now close to its 20-day moving average, positioned at €64.55, with a gap of +0.28%. The RSI at 54 indicates a return to neutrality after the overbought extremes observed in May. The distance from the long-term averages remains significant: the price is 102.85% above its 200-day moving average at €31.91, reflecting the magnitude of the rally that began in February. The next resistance is at €69.39, just below the round threshold of €70 approached several times in recent weeks. Based on the consensus of analysts surveyed, the stock is trading at approximately 57.2 times the expected earnings for the current fiscal year, a multiple that reflects the rapid revaluation of the stock.
Jean-Marc Chéry, Président du Directoire et Directeur Général de ST, a déclaré :
Risks mentioned
Diminution des charges liées aux capacités non utilisées.
Changements éventuels des tarifs douaniers globaux.
Opportunities identified
Contribution de l'activité capteurs MEMS de NXP au chiffre d'affaires net.
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