Can STM's Partnership With Qualcomm Subsidiary Push the Stock Higher?

Zacks10-05

STMicroelectronics STM announced its collaboration with Qualcomm Technologies, a subsidiary of Qualcomm Incorporated, for the next generation of industrial and consumer IoT solutions developed by edge...

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The industry has appreciated 103.6% year to date.However, the recent launches is expected to help the STM stock recover.The release of the ASM330LHBG1 automotive 3-axis accelerometer and 3-axis gyroscope","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","BK4532":"文艺复兴科技持仓","STM":"意法半导体","QCOM":"高通","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","BK4592":"伊斯兰概念","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","L":"洛斯公司","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","BK4534":"瑞士信贷持仓","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","LU1046421795.USD":"富达环球科技A-ACC","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU1003077747.HKD":"BGF GLOBAL EQUITY INCOME \"A6\" (HKDHDG) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU1235294995.USD":"FIDELITY GLOBAL TECHNOLOGY \"A\" (USDHDG) ACC","BK4550":"红杉资本持仓","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","BK4141":"半导体产品","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU2129689514.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) INC","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","LU0345774391.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) ACC","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU2413666699.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"CRH\" (HKDHDG) INC","3NVD.UK":"LS 3X NVIDIA","TXN":"德州仪器","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","2NVD.UK":"2X NVIDIA ETP","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU0545039389.USD":"BGF GLOBAL EQUITY INCOME \"A2\" ACC","BK4529":"IDC概念","ASYS":"Amtech Systems"},"translate_title":"STM与高通子公司的合作能否推高股价？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TXN":1,"ASYS":1,"STM":1,"QCOM":0.7,"L":0.6,"3NVD.UK":0.6,"2NVD.UK":0.6},"content_text":"STMicroelectronics STM announced its collaboration with Qualcomm Technologies, a subsidiary of Qualcomm Incorporated, for the next generation of industrial and consumer IoT solutions developed by edge AI.\nThis strategic collaboration will facilitate the blend of Qualcomm’s AI-powered wireless connectivity technologies, starting with Wi-Fi/Bluetooth/Thread combo system-on-a-chip with the microcontroller (MCU) ecosystem from STM.\nDevelopers will enjoy smooth connectivity software integration into STM32 general-purpose MCUs, including software toolkits, enabling faster and broad adoption via STM’s worldwide sales and distributor channels.\nSTM’s Prospects Rides On Expanding Portfolio\nDespite constant product releases and collaborations, STMicroelectronics shares have plunged 43.7% on a year-to-date basis, underperforming the Zacks Computer & Technology sector’s return of 22.8%.\nOver the same time frame, it lagged behind industry peers NVIDIA NVDA, Amtech Systems ASYS and Texas Instruments TXN, shares of which have gained 148.1%, 37.4% and 18.4%, respectively. The industry has appreciated 103.6% year to date.\nHowever, the recent launches is expected to help the STM stock recover.\nSTM’s introduction of the second-generation industrial microprocessors, the STM32MP2 series, to enable enhanced edge performance in smart factories, smart healthcare, smart buildings and smart infrastructure is a notable move for its Industrial end market.\nThe latest launch of ultra-low-power STM32 MCUs that can reduce energy consumption by up to 50% is a plus for its Industrial end. It reduces the frequency of battery replacements and the impact of discarded batteries, allowing designs to operate without batteries and using energy-harvesting systems like solar cells.\n\nSTMicroelectronics N.V. Price and Consensus\n\nSTMicroelectronics N.V. price-consensus-chart | STMicroelectronics N.V. Quote\n\nSTM’s recent introduction of ISM330BX 6-axis energy-efficient autonomous inertial measurement unit (IMU) built to last in industrial settings is considered a positive move.\nThis IMU integrates edge-AI processing, an analog hub for sensor expansion, and ST’s Qvar electric charge variations sensing designed to provide product-longevity assurance for energy-efficient industrial sensing and motion tracking applications.\nSTM's launch of ST Edge AI Suite, a consolidated collection of software tools uniquely created to enhance the development and deployment of embedded AI applications, is a major development.\nExpanding the Automotive End Market to Aid STM’s Prospects\nIn the automotive space, STM’s introduction of a 6-axis module facilitates a cost-effective solution for functional safety applications, such as accurate positioning and navigation systems and digitally stabilizing cameras, LiDARs and radars is a notable development.\nThe release of the ASM330LHBG1 automotive 3-axis accelerometer and 3-axis gyroscope module with a safety software library that enables a cost-effective solution for functional safety applications is a plus.\nSTM’s Q3 and FY24 Guidance Not So Bright\nFor the third quarter of 2024, STM expects revenues of $3.25 billion at the midpoint, indicating a year-over-year decline of 26.7% and sequential growth of 0.6%. The Zacks Consensus Estimate is pinned at $3.22 billion. This indicates a year-over-year decline of 27.3%.\nGross margin is expected to be about 38% at the midpoint, impacted negatively by about 350 basis points, mainly due to the combination of product mix and sales price and higher unused capacity charges.\nThe consensus mark for earnings is pegged at 32 cents per share, suggesting a 41% decline in the past 60 days. This indicates a year-over-year decline of 72%.\nFull-year 2024 revenues are expected in the range of $13.2-$13.7 billion, indicating a decline of about 22% at the midpoint compared with 2023. The gross margin is expected to be about 40%.\nDuring the second half of 2024, STM expects a significant downturn in the Industrial market due to decreasing demand for industrial goods and a rapid drop in inventory throughout the supply chain.\nHence, it anticipates a delayed recovery in the Industrial end market and a lower-than-expected increase in Automotive end market revenues in the second half of the year versus the first half.\nZacks Ranks and Valuation\nSTM’s shares are cheap at this moment, as suggested by a Value Score of B.\nThe stock is trading with a forward 12-month Price/Sales of 1.82X compared with the industry’s 15.68X.\nSTM currently carries a Zacks Rank #4 (Sell), implying that investors should stay away from the stock.\nYou can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nTexas Instruments Incorporated (TXN) : Free Stock Analysis Report\nSTMicroelectronics N.V. (STM) : Free Stock Analysis Report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nAmtech Systems, Inc. (ASYS) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Company Corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2473967044"}