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STM

STMicroelectronics NV

5/18/2013, 9:46 AM ET

Quote & Headlines Market Currents StockTalk

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Friday, March 8, 10:38 AM InvenSense (INVN +4.9%) will likely be a motion sensor supplier for the iPhone 5S, says Wedge Partners in a report that has led shares to spike higher. Apple has been relying on rival STMicroelectronics (STM +0.5%). earlier this week, InvenSense announced it had won a stay on a U.S. suit filed by STM due to progress made by InvenSense in challenging the patents asserted by STM through the USPTO. 24.5% of InvenSense's float was shorted as of Feb. 15. 2 Comments [Tech, On the Move]
Friday, February 1, 12:07 PM European tech stocks are outperforming following a good day for continental indexes, spurred by decent global PMI data and the U.S. NFP report. In addition to Ericsson and Alcatel-Lucent (previous), Nokia (NOK +2.4%), ARM (ARMH +3.5%), STMicroelectronics (STM +4.4%), and NXP (NXPI +2%) are faring well. Comment! [Tech, On the Move]
Thursday, January 31, 9:48 AM Down AH yesterday following mixed Q4 results and light Q1 guidance, STMicroelectronics (STM +5.8%) is making new 52-week highs this morning. A 16% Y/Y increase in analog, MEMS, and microcontroller sales could be going over well. On the other hand, Digital (consumer electronics) and Wireless (dominated by ST-Ericsson) respectively fell 18% and 14%. Moreover, ST-Ericsson "anticipates a very significant sequential decrease in net sales" for Q1, and STM expects to spend $300M-$500M to exit the failed basbeband chip JV. Comment! [Tech, On the Move, Earnings]
Wednesday, January 30, 7:56 PM More on STMicroelectronics (STM): Q4 results come in mixed, beating on total revenue but coming up short on a per share basis. Net losses widened due to a heavy write-down and other expenses tied to its plans to exit its four-year-old wireless-chip joint venture with ST-Ericsson, and narrower gross margins. Revenue from its analog business jumped 16%, while automotive revenue fell 3.9%. For Q1, the company expects revenue to decrease 7% sequentially, indicating around $2.01B, which is short of the Street's $2.05B consensus estimate. Comment! [Tech, Earnings, Global & FX]
Wednesday, January 30, 5:52 PM STMicroelectronics (STM): Q4 EPS of -$0.11 misses by $0.04. Revenue of $2.16B beats by $10M. Shares -8.7% AH. (PR) Comment! [Earnings, Breaking News, Tech, On the Move]
Wednesday, January 30, 12:10 AM Notable earnings after Wednesday’s close: ALGN, AMP, ATW, AVB, CDNS, CLB, CMO, COP, CTXS, DRE, EA, EDMC, FB, FIO, FTNT, JDSU, LVS, MUR, NOW, NXPI, OI, QCOM, QTM, STM, SWKS, TSCO Comment! [Earnings]
Tuesday, January 29, 5:35 PM Notable earnings after Wednesday’s close: ALGN, AMP, ATW, AVB, CDNS, CLB, CMO, COP, CTXS, DRE, EA, EDMC, FB, FIO, FTNT, JDSU, LVS, MUR, NOW, NXPI, OI, QCOM, QTM, STM, SWKS, TSCO Comment! [Earnings]
Friday, January 18, 2:50 PM STMicroelectronics (STM -1.5%) and Ericsson (ERIC +2.5%) head in opposite directions after the WSJ reports JPMorgan has been hired to explore options for the baseband chip JV - a French paper reported the same in October. STM has already said it wants to exit the 50/50 JV, which is struggling to compete with Qualcomm, MediaTek, and others, by the end of Q3. Ericsson recently said it will take a $1.22B charge on ST-Ericsson for Q4, while adding it doesn't intend to buy STM's stake. 4 Comments [Tech, M&A]
Thursday, January 10, 10:01 AM Research In Motion (RIMM +2.4%) appears to be getting a lift from Nokia's Q4 pre-announcement. Reuters is reporting Verizon, AT&T, and T-Mobile USA execs have confirmed at CES their companies will sell BlackBerry 10 devices, though this was generally expected. Also rallying: telecom equipment vendors Alcatel-Lucent (ALU +3.9%) and Ericsson, and European chip companies STMicroelectronics (STM +5.1%), NXP (NXPI +3.1%), and ARM (ARMH +4%). 3 Comments [Tech]
Thursday, January 10, 9:10 AM Premarket gainers: NOK +20%. SVU +19%. NEWL +18%. QLIK +8%. CRUS +7%. STM +5%.
Losers: MCP -12%. ASNA -12%. ARO -9%. TIF -8%. Comment! [On the Move]
Monday, January 7, 4:59 PM More on Intel: As rumors of an Intel TV service run amok, the company is announcing a partnership with Comcast to enable the viewing of live Xfinity TV content on Intel-based devices without a set-top box (possibly a negative for CSCO, ARRS, BRCM and STM), but with the help of an Intel Puma cable modem/gateway. Intel is also mandating ultrabooks based on its next-gen Haswell CPUs sport touchscreens and support its wireless display tech. That could be a positive for touchscreen controller vendors such as ATML, CY, and SYNA. Comment! [Tech]
Thursday, December 20, 2012, 3:38 AM Ericsson (ERIC) will take a charge of 8B Swedish kroner ($1.22B) on ST-Ericsson in Q4 and is exploring strategic options for the loss-making chip joint venture. However, Ericsson doesn't intend to buy out STMicroelectronics (STM), which plans to exit the 50-50 JV. ST-Ericsson will need another 3B kroner of funding from Ericsson, mainly next year. (PR) 1 Comment [Tech]
Monday, December 10, 2012, 1:26 PM InvenSense (INVN +6.3%) is sharply higher after announcing its motion sensor chips are shipping in large volumes for use in Windows 8 and RT tablets and ultrabooks from tier-1 OEMs. InvenSense noted in its calendar Q3 earnings call STMicroelectronics (STM) has a "dominant position" when it comes to Intel-based Windows motion sensor design wins, thanks to its inclusion in an Intel reference design. 4 Comments [Tech, On the Move]
Monday, December 10, 2012, 1:04 PM STMicroelectronics (STM +3.9%) has caught an upgrade to Buy from BofA/Merrill. Both The upgrade follows STM's announcement it's in talks to exit its money-losing ST-Ericsson mobile baseband chip JV, which comes after management reportedly failed to agree on splitting up the company's analog and digital chip ops. Shares have staged a decent rally since mid-November. Comment! [Tech, On the Move]
Monday, December 10, 2012, 3:54 AM STMicroelectronics (STM) is in negotiations to exit ST-Ericsson, its loss-making mobile chip joint venture with Ericsson (ERIC), by Q3 2013. STMicro's move is part of a strategy to refocus on products such as motion sensors and chips for cars as the semiconductor company looks to return to profitability and achieve an operating margin of 10%. STMicro will continue to supply ST-Ericsson with parts and IP. (PR) Comment! [Tech, Top Stories]
Monday, November 26, 2012, 7:56 AM A fund backed by the Japanese government is set to pay $2.2B to buy 2/3 of chipmaker Renesas (RNECY.PK) from current owners Mitsubishi, NEC, and Hitachi, a source tells the Nikkei. Renesas, which rose 16.6% in Tokyo on the report, would reportedly shutter factories and cut as many as 5K jobs as part of the deal. Renesas is the top player in the microcontroller market, where it competes with Microchip, Freescale, STMicroelectronics, and others. Comment! [Tech, M&A, On the Move]