STMicroelectronics is a global semiconductor company that designs and manufactures a wide range of integrated circuits and components for various applications across multiple industries
The company focuses on innovation in areas such as automotive, industrial, personal electronics, and the Internet of Things (IoT). With a commitment to sustainability and advanced technology, STMicroelectronics develops solutions that enhance connectivity, efficiency, and performance in electronic devices. Their extensive product portfolio includes microcontrollers, sensors, power management devices, and RF components, catering to the evolving needs of customers worldwide.
Bloomberg, citing unnamed sources, said Italian officials believe Jean-Marc Chery has failed to navigate the company through mounting industry challenges.
Top performing large-cap stocks in the last week: Unity, Super Micro Computer, Alibaba, FTAI Aviation, STMicroelectronics, XPeng, Analog Devices, BeiGene, Tencent Music, Microchip Technology.
Shares of STMicroelectronics are rising as the company prepares to launch next-gen technologies for improving optical connections in data centers and AI clusters.
Jefferies believes that there will be no further estimate cuts for the company headquartered in Switzerland. The brokerage notes that the growth forecast is expected to accelerate in the second half of 2025.
Management indicated that despite strong interest in Atomera’s technology, clients continue to request additional data and validation before moving forward.
Retail will be watching for updates on the semiconductor tech firm’s declining operating costs, new clients and funding strategy for the coming quarter.
Bernstein analyst Sara Russo downgraded STMicroelectronics stock to ‘Market Perform’ from ‘Outperform,’ citing visibility concerns due to a lack of formal guidance for the fiscal year 2025.
