The Latest Breaking News from STMicroelectronics

The 316-megapixel sensor delivers the image detail and fidelity needed for the Sphere’s massive display

Exclusive: Kyiv says Iranian drones used by Russia in Ukraine have various European components

European chipmaker STMicroelectronics (STM) reported better-than-expected first-quarter results, defying the industry headwinds. With the company well-positioned for growth, the stock could be a solid buy now. Let’s discuss some of its key financial trends.

June S&P 500 futures (ESM23) are up +0.46%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.79% this morning as market participants digested consensus-beating results from Meta Platforms while awaiting U.S. GDP reading to gauge the strength of the U.S. economy.

As we celebrate Earth Day, consider doing some research aimed at transitioning to a more sustainable and responsible portfolio. These four companies are worth a look.

Someone with a lot of money to spend has taken a bearish stance on STMicroelectronics (NYSE:STM). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Two major companies, one American and the other Franco-Italian have announced the creation of a semiconductor factory in southeast France. This came as French carmaker Renault said Tuesday that car sales fell in the first half of this year, impacted by the worldwide shortage of semiconductors.

STMicroelectronics's (NYSE:STM) short percent of float has risen 7.69% since its last report. The company recently reported that it has 3.79 million shares sold short, which is 0.42% of all regular shares that are available for trading.

STMicroelectronics (NYSE:STM) has outperformed the market over the past 10 years by 8.6% on an annualized basis producing an average annual return of 19.04%. Currently, STMicroelectronics has a market capitalization of $29.72 billion.

GlobalFoundries Inc (NASDAQ:GFS) and STMicroelectronics N.V. (NYSE:STM) are amid discussions to build a semiconductor factory in France with the help of government funds, Bloomberg reports. The European Commission looks to produce 20% of the world’s chips by 2030.  The European Union executive arm proposed the 43 billion euro ($45.3 billion) Chips Act earlier to…

STMicroelectronics (NYSE:STM) has outperformed the market over the past 5 years by 8.78% on an annualized basis producing an average annual return of 20.19%. Currently, STMicroelectronics has a market capitalization of $37.08 billion.