STMicroelectronics saw its shares rise by 6.4% on the last trading session, closing at $44.22, supported by significantly higher trading volume. Over the past four weeks, the stock has increased by 28.2%. The surge is attributed to growing demand for silicon carbide power devices, automotive ADAS, and the increasing use of microcontrollers and sensors in both industrial and personal electronics.
For the upcoming quarterly earnings report, STMicroelectronics is expected to post earnings of $0.19 per share, reflecting a year-over-year increase of 171.4%, with anticipated revenues of $3.04 billion, a 20.7% rise from the previous year. Over the past month, the consensus EPS estimate has been revised upward by 2.3%.
In the semiconductor sector, competitor Amtech Systems finished the last trading session down 1.2% at $16.21, with a one-month return of 41.8%. Amtech’s EPS estimate for the next report remains at $0.05, representing a 131.3% year-over-year change.
