STMicroelectronics NVNYSE
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  • Tue, Sep. 20, 5:37 PM
    • Top gainers, as of 5.25 p.m.: CLVS +8.5%. ADBE +5.8%. ADMS +5.1%. NUS +3.6%. KBH +3.3%.
    • Top losers, as of 5.25p.m.: ENIC -2.6%. SORL -1.9%. CLLS -1.5%. STM -1.3%. EOCC -1.0%.
    | Tue, Sep. 20, 5:37 PM
  • Tue, Sep. 20, 9:47 AM
    • The Cortex R-52 chip is designed for automotive, robotics, healthcare, farming, aviation, construction and other industry implementations.
    • ARM VP of product marketing, John Ronco: "You would want this anywhere there was a danger of loss of life or limb due to machine-human interaction."
    • Development of the processor has been underway for five years and has already been licensed in a deal with French-Italian semiconductor manufacturer STMicroelectronics (STM +1.5%).
    • The Cortex R-52 new chips are suggested to compete with Intel's (INTC -0.1%) Yogitech technology and further mark ARM's most significant design introduction since it was bought out by SoftBank (OTCPK:SFTBY +1.5%) for $32B back in July.
    | Tue, Sep. 20, 9:47 AM | 3 Comments
  • Fri, Sep. 2, 5:35 PM
    • Top gainers, as of 5.25 p.m.: REN +3.2%. PNNT +2.7%. HPJ +2.5%. KPTI +1.7%. TEF +1.5%.
    • Top losers, as of 5.25p.m.: STM -5.0%. SXCP -3.3%. COTY -2.1%. ARWR -2.1%.
    | Fri, Sep. 2, 5:35 PM | 5 Comments
  • Tue, Aug. 16, 9:35 AM
    • Ford (NYSE:F) says it will make an announcement at 2:00 p.m. EDT to discuss the company's expanding presence in Silicon Valley and autonomous vehicle development.
    • The automaker will also host a conference call with analysts at 4:00 p.m. to discuss its smart mobility ambitions. The roster of Ford execs on the call include global development and technology heavyweights.
    • Earlier today on CNBC, CEO Mark Fields joined the group of leaders predicting a seismic change in the automobile industry.
    • "Our view is autonomous vehicles could have just as much [of an] impact on society as Ford's moving assembly line did 100 years ago," Fields noted. In an important revelation, Fields says more customers are telling the company that they are interested in the autonomous driving option -- an anecdote that  runs counter to the view of some that drivers don't want to give up the wheel (partially or fully).
    • Field hinted that the scheduled autonomous announcement for today will be significant. It's a development that could have some bearing on the self-driving plans of General Motors (NYSE:GM), Audi (OTCPK:VLKAY), Tesla Motors (NASDAQ:TSLA), Nissan (OTCPK:NSANY), and Toyota (NYSE:TM). Lyft (Private:LYFT) and Uber (Private:UBER) are also feeling their way around the autonomous driving landscape. Plenty of auto suppliers such as Mobileye (NYSE:MBLY), Autoliv (NYSE:ALV), BorgWarner (NYSE:BWA), Tenneco (NYSE:TEN), Dana (NYSE:DAN), STMicroelectronics (NYSE:STM), and Delphi Automotive (NYSE:DLPH) will also be listening intently to details on Ford's plans.
    • Previously: Ford pushes the accelerator on autonomous vehicles (Aug. 16)
    | Tue, Aug. 16, 9:35 AM | 141 Comments
  • 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.
    | 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