STMicroelectronics N.V. (STM)
Levi & Korsinsky Announces an Investigation on Behalf of STMicroelectronics N.V. (STM) Shareholders Who May Have Been Affected by Fraud
NEW YORK, NY / ACCESSWIRE / July 25, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of STMicroelectronics N.V. ("STMicroelectronics") (NYSE:STM) concerning possible violations of federal securities laws.
STMicroelectronics cuts full-year outlook for second time
Franco-Italian chipmaker STMicroelectronics (STM) on Thursday cut its full-year revenues guidance for the second time this year as industrial customer orders did not improve and automotive demand declined.
STMicroelectronics A Q2 Preview, It Benefits From A 10% SiC Wafer Shortage In 2024
STMicroelectronics will release Q2 2024 earnings with expected net revenues of $3.2 billion and a gross margin around 40%, a YoY decrease of 7.8%. Its automotive sector represents 46% of revenues, with growth strategies focused on supplying components for EVs and autonomous vehicles. My deep dive analysis shows a 10% shortfall in SiC wafers, benefitting STM.
STMicro: Microcntoller Leadership Could Support Growth Recovery
STMicroelectronics has shown remarkable growth in the SiC market, outpacing the overall market with a 40% average growth rate. The company has gained significant market share in the MCU market, becoming the market leader with a 17.3% share. STMicro's focus on industrial MCUs has also contributed to its competitiveness in the non-automotive MCU market, where it is the market leader with a 22.29% share.
3 Semiconductor Stocks to Buy Now: May 2024
Although the technology sector seemingly appeared stretched, its continued impressive performance may warrant a reconsideration of semiconductor stocks to buy. Stated bluntly, concerns that the innovation space lost its touch may have been overblown.
