STMicroelectronics shares rebound 2.5% but lose 12.8% over one month
The semiconductor manufacturer recovers at midday, in a well-oriented CAC 40 and a sector rebounding on both sides of the Atlantic. This rebound follows several weeks of decline, which leave the stock below all of its moving averages.
A rebound that leaves the stock below its moving averages
STMicroelectronics gains 2.41% to €40.59 intraday, ranking as the 8th biggest gainer in the CAC 40, which is up 1.07%.
The rebound remains modest compared with the accumulated decline: the stock is still down 6.09% over the week and 12.8% over one month. It remains 1.56% below its MM20, at €41.23, and 8.74% below its MM200, at €44.47.
The RSI at 45 is neutral, and the €37.07 support, broken then regained yesterday, remains the nearest reference level. The sector is following this movement: ASM International rises 2.7% and ASML 0.65% in Amsterdam, while on Wall Street on Monday, Micron gained 6.25% and AMD 13.26%, while Nvidia fell 4.27%.
Third-quarter results up 18%
The group published on October 29 revenue of $3.76 billion, up 17.9% year on year, with operating income more than doubled, to $367 million.
Earnings per share, however, remained below expectations. On this occasion, the guidance associated with the publication of the nine-month 2026 results mentions revenue of $14.5 billion for the following period.
On the capital front, the group bought back €211 million of shares over twelve months, or 0.6% of its market capitalization, according to its latest declaration of November 6.
Analysts also follow the stock: the analyst consensus remains available online. The stock, for its part, still falls nearly 16% over three months, despite a 101% gain over one year.
