St Microelectronics (STM)

ST Microelectronics Stock (STM) dropped by 2.01% from $39.79 to $38.99 in the trading on Wednesday October 25, 2023. The reason why STM stock down today is due to impact from Texas Instruments' weak forecast. Semiconductor stocks, including ST Microelectronics Stock (STM), are falling after Texas Instruments (TI) issued a weak forecast for the third quarter. TI, which is considered a bellwether for the semiconductor industry, cited weakening industrial demand as a reason for its disappointing outlook. The chip industry is facing a number of headwinds, including slowing demand from China and the war in Ukraine. These factors are likely to continue to weigh on semiconductor stocks in the near term. Investors reacted negatively to the news, causing STM stock going down sharply today.

ST Microelectronics Stock (STM) dropped by 7.43% from $46.28 to $42.84 in the trading on Thursday April 27, 2023. The reason why STM stock down today is due to its first-quarter earnings results and the outlook for the next quarter. STMicro (STM) earned $1.10 per share as revenues rose 20% year-over-year to $4.25 billion. Analysts were expecting earnings of 99 cents per share and $4.19 billion in revenue. The company also offered second-quarter and full-year guidance, saying it expects full-year sales to be between $17 billion and $17.8 billion.