STMicroelectronics NV (STM) - NYSE
  • Wed, Jul. 27, 9:23 AM
    | Wed, Jul. 27, 9:23 AM
  • Wed, Jul. 27, 4:57 AM
    • STMicroelectronics (NYSE:STM): Q2 EPS of $0.03
    • Revenue of $1.7B (-3.4% Y/Y)
    • Shares +6.6% PM.
    • Press Release
    | Wed, Jul. 27, 4:57 AM
  • Tue, Jul. 26, 5:30 PM
    | Tue, Jul. 26, 5:30 PM | 9 Comments
  • Wed, May 25, 1:25 PM
    • STMicroelectronics (NYSE:STM) declares $0.06/share quarterly dividend, -40% decrease from prior dividend of $0.10.
    • Forward yield 4.01%
    • Payable June 28; for shareholders of record June 21; ex-div June 17.
    • Payable Sept. 27; for shareholders of record Sept. 20; ex-div Sept. 16.
    • Payable Dec. 28; for shareholders of record Dec 20; ex-div Dec. 16.
    • Payable Mar. 28, 2017; for shareholders of record Mar. 21; ex-div Mar. 17.
    | Wed, May 25, 1:25 PM
  • Tue, May 17, 7:06 PM
    • 14 months after unveiling its EyeQ4 automotive vision SoC - samples have been due to arrive this quarter, with mass-production expected to start in early 2018 - Mobileye (NYSE:MBLY) announces it's working with long-time partner STMicroelectronics (NYSE:STM) to develop the EyeQ5 , an SoC it declares will "act as the central computer performing sensor fusion for Fully Autonomous Driving (FAD) vehicles starting in 2020."
    • Whereas the EyeQ4 contains 4 CPU cores and 10 accelerator cores, the EyeQ4 sports 8 CPU cores and 18 accelerator cores. A  10nm-or-lower manufacturing process will be used. Mobileye asserts the EyeQ5 will deliver 8x the performance of the EyeQ4, while consuming less than 5W of power.
    • Engineering samples are expected by 1H18. STMicro will handle the chip's physical implementation, memory, and interfaces, and also "contribute to the overall safety- and security-related architecture of the product."
    • The announcement comes a day after rival NXP demoed its BlueBox autonomous driving platform. BlueBox pairs a "computing engine" with radar, lidar, vision sensors, and software. Nvidia unveiled its Drive PX2 processing module for self-driving cars in January.
    | Tue, May 17, 7:06 PM | 7 Comments
  • Wed, Apr. 27, 3:05 PM
    • Though STMicroelectronics (STM +11.1%) missed Q1 estimates, it's guiding for Q2 revenue to be up 5.5% Q/Q (+/- 3.5%). That implies revenue of $1.7B at the midpoint, slightly above a $1.69B consensus and going over well given low expectations.
    • Automotive and discrete group (ADG) chip revenue fell fractionally Y/Y in Q1 to $671M. Analog/MEMS revenue fell 17% to $369M. Microcontrollers and digital ICs group revenue (MDG, includes a set-top chip business STMicro is ending product R&D for) rose fractionally to $532M. The company notes automotive and microcontroller sales grew.
    • In spite of a 5% revenue drop, gross margin rose 20 bps Y/Y to 33.4%; Q2 GM guidance is at 34% (+/- 2%). Job cuts helped operating expenses drop 2% to $571M. STMicro ended Q1 with $2.04B in cash/investments and $1.6B in debt.
    • STMicro rallied yesterday ahead of earnings following good numbers from rival/European chip peer NXP. Bloomberg reported a couple weeks ago STMicro is looking for a successor to CEO Carlo Bozotti.
    • STMicro's Q1 results, earnings release
    | Wed, Apr. 27, 3:05 PM
  • Wed, Apr. 27, 9:11 AM
    | Wed, Apr. 27, 9:11 AM | 1 Comment
  • Wed, Apr. 27, 3:21 AM
    • STMicroelectronics (NYSE:STM): Q1 EPS of -$0.02 misses by $0.02.
    • Revenue of $1.61B (-5.3% Y/Y) misses by $10M.
    • Press Release
    | Wed, Apr. 27, 3:21 AM | 1 Comment
  • Tue, Apr. 26, 5:30 PM
    | Tue, Apr. 26, 5:30 PM | 9 Comments
  • Tue, Apr. 26, 2:06 PM
    • NXP (NXPI +4.6%) is at its highest levels since December after beating Q1 estimates and issuing solid Q2 guidance - revenue of $2.295B-$2.395B and EPS of $1.30-$1.40 vs. a consensus of $2.34B and $1.32. Rival/European chip peer STMicroelectronics (STM +3.3%) is also doing well.
    • Boosting Q1 EPS: Gross margin was 50%, down 20 bps Q/Q but up 150 bps Y/Y. Q2 GM guidance is at 49.5%-50.5%.
    • Top-line performance: When adjusted for the Freescale acquisition, NXP's revenue (pressured by a chip industry inventory correction) rose 2% Q/Q and fell 11% Y/Y in Q1. Automotive revenue rose 1% Y/Y to $795M, Secure ID Solutions (includes smart card/EMV chips) fell 5% to $222M, Secure Connected Devices (inc. microcontrollers and NFC chips, hurt by soft Apple orders) fell 10% to $525M, and Secure Interface & Infrastructure (includes Freescale network processors and RF amplifiers) fell 25% to $564M.
    • Fab utilization was at 90% in Q1. $298M was spent to buy back 4.1M shares. Thanks partly to the Freescale deal, NXP ended Q1 with $1.5B in cash and $9B in debt.
    • CEO Richard Clemmer: "[O]ur year on year revenue trends reflect the semiconductor industry weakness that accelerated throughout the second half of 2015, and affected both NXP and Freescale ... We believe we have begun to see incremental positive trends in a number of our businesses ... While we anticipate many of the headwinds experienced in the second half of 2015 should begin to generally subside in the coming quarters, the overall demand environment currently continues to be subdued." On the earnings call, NXP said automotive chip sales are expected to rise by a mid-to-high single digit Q/Q % in Q2.
    • NXP's Q1 results, earnings release
    | Tue, Apr. 26, 2:06 PM
  • Fri, Apr. 15, 12:53 AM
    • Bloomberg reports STMicroelectronics (NYSE:STM) is looking to find a successor to CEO Carlo Bozotti. The process is said to still be informal and part of normal succession planning.
    • Bozotti, who turns 65 next year, reportedly won't extend his contract, but could be involved in training a replacement. Meanwhile, the French government wants STMicro to abandon its tradition of having an Italian CEO, and be willing to consider external hires.
    • The French and Italian governments each own 27.5% of the embattled chipmaker, which in January announced it's cutting 1,400 jobs and ending R&D work for its set-top and home gateway IC lines.
    | Fri, Apr. 15, 12:53 AM | 4 Comments
  • Tue, Apr. 5, 5:37 PM
    • Top gainers, as of 5.25 p.m.: PES +13.7%. OMF +5.3%. STM +4.4%. BBG +4.0%. DNR +3.5%.
    • Top losers, as of 5.25p.m.: CREE -17.7%. SHLM -3.7%. AYI -3.5%. WYNN -2.7%. CLLS -2.6%.
    | Tue, Apr. 5, 5:37 PM
  • Fri, Apr. 1, 5:39 PM
    • Top gainers, as of 5.25 p.m.: ORAN +5.4%. HEP +2.7%. ACAD +2.5%. TLLP +1.9%. NGL +1.4%.
    • Top losers, as of 5.25p.m.: HMY -5.7%. CFX -4.9%. CPLP -3.6%. GLP -3.4%. STM -3.1%.
    | Fri, Apr. 1, 5:39 PM | 12 Comments
  • Mon, Feb. 8, 12:29 PM
    • Chipmakers NXP (NXPI -9.3%) and STMicroelectronics (STM -5.6%), CPU/GPU core developer ARM (ARMH -5.5%), and ad tech firm Criteo (CRTO -9%) are down sharply after European indices closed with big losses. France's CAC-40 fell 3.4%, Germany's DAX 3.3%, and the Euro Stoxx 50 3.3%. The Nasdaq is down 2.1%, and the S&P 1.8%.
    • NXP has more than given back the Thursday gains seen after the company posted a Q4 beat and issued in-line Q1 guidance. Today's losses come in spite of an OTR Global note stating NXP could gain NFC chip share with Samsung's Galaxy S7 relative to the S6; the S6 heavily relied on Samsung NFC radios.
    • STMicro is two weeks removed from announcing (with its Q4 report) job cuts and plans to discontinue set-top/home gateway chip R&D. ARM and Criteo report on Wednesday morning.
    | Mon, Feb. 8, 12:29 PM | 2 Comments
  • Tue, Feb. 2, 2:42 PM
    • On a day the Nasdaq is down 2.1%, many chip stocks are seeing outsized losses (SOXX -3.1%) after IDT (IDTI -28.3%), a mixed-signal chipmaker selling into the server, networking/telecom infrastructure, and wireless charging markets (among others), offered soft FQ4 (calendar Q1) guidance to go with an FQ3 sales beat.
    • Major decliners include diversified European chipmakers NXP (NXPI -4.7%) and STMicroelectronics (STM -7%), microcontroller maker Cypress Semi (CY -6.9%), RF chipmaker Qorvo (QRVO -6.4%), motion sensor developer InvenSense (INVN -6%), chip packaging/testing firm Amkor (AMKR -6.1%), and analog/mixed-signal chipmakers MagnaChip (MX -9.8%), Inphi (IPHI -9.1%), Silicon Labs (SLAB -5%), Microsemi (MSCC -4.4%), Semtech (SMTC -5.4%), and Power Integrations (POWI -5.5%). Previously covered: Pixelworks, ON Semi.
    • IDT reported Chinese telecom infrastructure demand is "normalizing to slightly less than the peak levels seen in late calendar 2014," that data center customer growth rates have slowed slightly, and that consumer demand has been affected by increased "customer smartphone shipment volatility." Both Apple and Samsung's sales have been under pressure.
    • BofA/Merrill has downgraded IDT to Neutral, while Wedbush's Betsy Van Hees has gone contrarian and upgraded to Outperform. Van Hees argues IDT is still positioned to see strong FY17 growth, aided by the ramp of LRDIMM DRAM chipsets for Intel's Broadwell server CPU launch and the ramp of wireless charging IC programs at tier-1 OEMs.
    • Chip ETFs: SMH, XSD, PSI, SOXL, USD, SOXS, SSG
    | Tue, Feb. 2, 2:42 PM | 5 Comments
  • Wed, Jan. 27, 10:24 AM
    • Along with its Q4 results, Q1 guidance, and restructuring plans, STMicroelectronics (STM +4%) says it's cutting 1,400 jobs - 430 in France through a voluntary departure plan, 670 in Asia, and 120 in the U.S. The company expects $170M/year in savings and $170M in restructuring costs.
    • Along with the job cuts, STMicro says it's discontinuing "the development of new platforms and standard products" for its set-top and home gateway IC lines. 600 employees will be redployed from the company's set-top chip ops to "support principally ST's growth ambitions in digital automotive and microcontrollers."
    • STMicro: "The slower than expected market adoption of leading-edge products and increasing competition on low-end [set-top] boxes, combined with the required high level of R&D investment, has led this business to generate significant losses in the course of the last years." Broadcom (BRCM -0.1%), which is due to officially be acquired by Avago (AVGO -3.1%) on Feb. 1, has been STMicro's top rival in the set-top/home gateway IC space, and stands to benefit from STMicro's move.
    • The French government has responded to the news by stating STMicro needs a new strategy. Spokesman Stephane Le Foll: "We want a new strategy put in place to allow this company to create value and recover."
    • STMicro continues trading higher post-earnings. Avago is joining other iPhone/iPad suppliers in selling off following Apple's earnings/guidance. the Nasdaq is down 1.2%.
    | Wed, Jan. 27, 10:24 AM | 1 Comment
Company Description
STMicroelectronics NV designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices. It develops products for a wide range of market applications, including automotive products, computer peripherals, telecommunications systems, consumer... More
Sector: Technology
Industry: Semiconductor - Broad Line
Country: Italy