STMicroelectronics tops the CAC 40 with a rebound of nearly 5%
The semiconductor manufacturer climbs to the top of the Parisian index at midday, in a moderately upbeat market. The sector is rebounding at the same time on the continent, after several difficult weeks for the stock.
A rebound that brings the stock back above its 20-day moving average
STMicroelectronics gains 4.68% to €41.98 and outperforms Schneider Electric (+2.91%), while the CAC 40 rises 0.35%.
The stock moves back above its MA20, at €41.16 (a gap of +1.99%), but remains below its MA50 at €43.86 (-4.29%). This rebound follows a 9.81% decline over one month, the stock having lost ground since its third-quarter accounts.
The move is shared by neighboring sector stocks: ASML gains 3.66% in Amsterdam and ASM International 6.50%, two stocks that fell 11.91% and 18.02% respectively over one month. On the US side, Tuesday's session was more mixed, with Nvidia falling 5.47% on Wall Street while AMD rose 1.3%.
Accounts up 17.9% and a €211 million share buyback over twelve months
On October 29, the group had published a revenue of $3.76 billion for the third quarter, up 17.9% year on year, with operating income more than doubled to $367 million.
Earnings per share were, however, below expectations. At the time of this release of results for the first nine months of 2026, the revenue guidance for the following fiscal year was $14,500 million.
The group is also continuing its share buyback program, with €211 million repurchased over twelve months, or 0.6% of market capitalization, according to the latest declaration of November 6.
On the analyst side, the consensus remains the benchmark to follow in order to position the stock. The €37.07 support, broken intraday on Monday before a rebound, remains the key technical level.
