STMicroelectronics NV (STM) Stock

STMicroelectronics' results for the fourth quarter suggest they may not perform as well as expected, which matches our earlier views on challenges and the updated outlook for 2025. The high levels of inventory and underused capital expenditures are concerning signs. We believe the market may start to reflect more negative expectations, and we have maintained our neutral rating.

According to Bloomberg News, French-Italian chip manufacturer STMicroelectronics is thinking about reducing its workforce by as much as 6%, which could mean cutting 3,000 jobs in its factories in France and Italy. This move is part of a restructuring plan. The information comes from unnamed sources.

STMicroelectronics N.V. (NYSE:STM) will hold its Q4 2024 Earnings Conference Call on January 30, 2025, at 3:30 AM ET. Key company participants include Jerome Ramel, Jean-Marc Chery, Lorenzo Grandi, and Marco Cassis. The call will also feature analysts from various financial institutions, and it is open to the public via live webcast.

STMicroelectronics, one of the biggest chip manufacturers in Europe, announced on Thursday that it anticipates a decline in sales during the first quarter of 2025. This is due to the ongoing downturn in its main markets continuing into the new year.

PR No: C3309C STMicroelectronics has announced its financial results for the fourth quarter and the full year of 2024. In Q4, the company achieved net revenues of $3.32 billion, with a gross margin of 37.7% and a net income of $341 million. For the full year, net revenues reached $13.27 billion, and the company is forecasting Q1 net revenues of $2.51 billion.

TotalEnergies, a major French oil company, has made a 15-year agreement with STMicroelectronics to provide 1.5 terawatt hours of renewable energy for the semiconductor firm's operations in France, as announced by the companies on Tuesday.

STMicroelectronics is expected to face challenges in its fourth-quarter 2024 results due to a slow rebound in the industrial and automotive sectors.

STMicroelectronics has shared an update on its common share repurchase program, detailing transactions that took place from January 20 to January 24, 2025. The announcement was made on January 27, 2025, and follows a press release from June 21, 2024. STMicroelectronics is a leading global semiconductor company that serves a wide range of electronics applications.

STMicroelectronics has shared updates on its common share repurchase program, detailing transactions that took place from January 13 to January 17, 2025. The announcement was made on January 20, 2025, in Amsterdam. This information follows a previous press release about the program issued on June 21, 2024.