STMicroelectronics N.V. (STM)
After hours:
| Previous close | 33.47 |
| Open | 33.39 |
| Bid | 34.30 x 900 |
| Ask | 34.31 x 4000 |
| Day's range | 33.16 - 33.99 |
| 52-week range | 33.16 - 53.96 |
| Volume | |
| Avg. volume | 3,386,138 |
| Market cap | 31.264B |
| Beta (5Y monthly) | 1.32 |
| PE ratio (TTM) | 10.39 |
| EPS (TTM) | 3.27 |
| Earnings date | 24 Oct 2024 - 28 Oct 2024 |
| Forward dividend & yield | 0.36 (1.06%) |
| Ex-dividend date | 24 Sept 2024 |
| 1y target est | 47.18 |
- Investing.com
STMicroelectronics shares extend fall after Morgan Stanley downgrade
STMicroelectronics NV (NYSE:STM) (EPA:STMPA) shares extended losses on Friday after Morgan Stanley downgraded the stock to “Equal-weight” from “Overweight”. The downgrade comes on the heels of a weaker-than-expected guidance from the semiconductor company. Analysts flagged a deeper-than-anticipated inventory correction in the industrial sector and softer-than-expected demand in the automotive market.
- Associated Press Finance
STMicroelectronics: Q2 Earnings Snapshot
GENEVA (AP) — STMicroelectronics NV (STM) on Thursday reported second-quarter profit of $353 million. The Geneva-based company said it had profit of 38 cents per share. The results surpassed Wall Street expectations.
ReutersSTMicro cuts full-year outlook for second time, shares tumble
(Reuters) -Chipmaker STMicroelectronics (STM) cut its full-year revenue and margins guidance for a second time on weak industrial orders and lower demand for automotive chips, sending its shares sharply lower. "We are facing a longer and more pronounced correction in industrial than what we anticipated due to a progressive weakening of demand amplified by a severe inventory correction," CEO Jean-Marc Chery told analysts in a call.
