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
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
You're in — subscription confirmed!
Your first edition is on its way. Check your spam folder and add us to your contacts.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
Gratuit · chaque matin
Ne ratez plus rien sur vos actions
La tendance derrière les cours. L'essentiel des valeurs Euronext en quelques minutes.
📈les valeurs en mouvement, sur la durée
🎯les objectifs d'analystes qui évoluent
📰les actualités qui font bouger les cours
tendance · 6 séances
✓ C'est fait, vous êtes inscrit !
Votre première édition arrive bientôt. Pensez à vérifier vos spams.
Une erreur est survenue.
CAC 40 · SBF 120 · données indicatives · aucun conseil en investissement · désinscription à tout moment.
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.
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.
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.
