STMicroelectronics (STM, Financial) experienced a significant drop in its stock price, falling by 5.01% to $26.91 per share with a trading volume of 4.07085 million shares and a turnover rate of 0.45%. The price fluctuation reached 5.70%. In its latest financial report, the company recorded revenue of $6.67 billion, a net profit of $1.126 billion, and earnings per share of $1.25. The gross profit stood at $2.565 billion, with a price-to-earnings ratio of 7.08.
In terms of institutional ratings, 64% of 28 rating institutions recommend buying the stock, while 36% suggest holding. None have advised selling.
The larger semiconductor industry has seen an overall decline of 8.50%. Several related stocks like Wolfspeed, Inc., Gct Semiconductor Holding, Inc., and Trio-Tech International showed notable gains. Meanwhile, Wolfspeed, Inc., Aehr Test Systems, and Advanced Micro Devices, Inc. were particularly active, with turnover rates of 44.13%, 4.65%, and 2.18%, respectively. Stocks with notable price swings included Wolfspeed, Inc. at 26.36%, ASML at 17.60%, and Mobix Labs, Inc. at 16.36%.
STMicroelectronics, formed in 1987 from the merger of Italy's SGS Microelettronica and France's Thomson Semiconductors' non-military operations, is a leader in semiconductor products. It specializes in analog chips, discrete power semiconductors, microcontrollers, and sensors, with significant contributions to industrial and automotive sectors.
