The company's Q4 performance was slightly below expectations, with slower growth in the automotive business offsetting gains in personal electronics. The company's outlook for 2024 suggests a cautious stance, with a lower revenue target and gross margin percentage.
Analysts forecast STMicroelectronics will see margin recovery by H2 2024, due to strong silicon carbide sales, fresh products, and a sluggish consumer rebound. Bulls dominate the opinion, with a 'strong buy' from Seeking Alpha authors, a 'buy' from Wall Street while Seeking Alpha's system ranks it a 'hold'.
$STマイクロエレクトロニクス(STM.US)$Craig-Hallum analyst Anthony Stoss raised the company’s target price for STMicroelectronics from US$50 to US$57, and maintained a buy rating on the stock after the quarterly results. The analyst pointed out that the main upside is limited by production interruptions in Malaysia, which mainly affected the company's automotive business unit's revenue of approximately US$170 million, which is US$100 million more than the company’s guidance in the third quarter. However, the company has given strong revenue and gross margin guidelines, which are higher than market expectations, Stoss added Article excerpted from the US Stock Research Agency
$STマイクロエレクトロニクス(STM.US)$Shares opened higher on the first day of the latest 21Q3 earnings release, closing up 7.7%, a record high. Two pieces of news can be seen from domestic media reports. First, due to the epidemic, STM's factory in Malaysia had to shut down for a period of time, which ultimately led to lower than expected sales of auto products (although the demand was strong). Second, STM recently released the price increase news.
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Susan Bertolino :
Samsung's semiconductor business achieved 10.06 trillion won in operating profit
STマイクロエレクトロニクスに関するコメント
Craig-Hallum raised the target price of STMicroelectronics (STM) from US$50 to US$57
Article excerpted from the US Stock Research Agency
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