STMicroelectronics Shares Gain 2% and Boost Yearly Performance to Over 133%
The Franco-Italian semiconductor manufacturer has increased by 1.97% to €53.87 this Monday noon, while the CAC 40 index has fallen by 0.64%. The stock ranks among the top gainers of the index. This session continues a rally that has pushed the annual performance to over 133%.
A Rebound That Positions the Stock Among the Top Gainers of the CAC 40
At €53.87, STMicroelectronics's stock is among the top gainers in the CAC 40 this Monday noon, trailing behind Publicis (+2.23%). The stock is recovering after a drop in the last session, where it had fallen by 4.55% to €52.65, following a five-year peak at €54.32 on May 14. Over the week, the gain reaches nearly 10%.
The rebound contrasts with the general tone of the Paris market, weighed down by luxury (Kering -2.30%, Hermès -2.16%, LVMH -1.87%) and Saint-Gobain (-2.36%). The backdrop remains marked by Brent crude above $110 and a rise in sovereign yields, which generally weigh on rate-sensitive stocks. Among European peers, ASML has lost 0.81% and ASM International 0.12%, in an overall downward-oriented sector.
Technically Overheated Stock Price, Near the Upper Bollinger Band
The rise pushes the stock to the upper part of the Bollinger Bands, at 88% of the range, with an upper limit at €56.41. The RSI at 73 confirms the overbought condition that has been established over several sessions. The price is significantly above all its moving averages: +18% relative to the MM20 (€45.55), nearly +50% compared to the MM50 (€36.09), and more than double the MM200 (€26.51), reflecting a 94% rally over three months.
The resistance identified at €55.16 remains the next graphical reference, 2.4% above the current price. In terms of valuation, the stock is trading at approximately 51.7 times the expected earnings for the current fiscal year, compared to an average of 27.2 times for the Technology sector, based on an anticipated EPS growth of 85.8% between 2026 and 2027. The next calendar event: the publication of the second quarter 2026 results, expected on July 23.
