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STMicroelectronics NV (STM.PA)

STM.PA on Paris Stock Exchange

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18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

STMicro raises 2017 capex forecast to $1.25-1.3 bln from $1.1 bln
Wednesday, 26 Jul 2017 05:09am EDT 

July 26 (Reuters) - STMicroelectronics NV :STMicro raises 2017 capital expenditure forecast to $1.25-1.3 billion from $1.1 billion previously, chief executive Carlo Bozotti told analysts in a conference call. .STMicro expects strong sequential growth for imaging in Q3 as new products ramp; followed by further revenue acceleration in Q4, CEO said.STMicro's 2017 revenues now expected to be in the high-end of the range given on the company's investor day in May, CEO said. At the time, STMicro said revenue to grow by between 12.5 and 15.5 percent from last year to around $8 billion..STMicro expects 2017 free cash flow to substantially match the level of the company's dividend, CEO said. .  Full Article

STMicro Q2 operating income up at $178 mln
Wednesday, 26 Jul 2017 01:00am EDT 

July 26 (Reuters) - STMICROELECTRONICS :STMICROELECTRONICS - ‍Q2 NET REVENUES OF $1.92 BILLION; UP 5.6% SEQUENTIALLY AND 12.9% YEAR-OVER-YEAR​.STMICROELECTRONICS - ‍EXPECT Q3 REVENUES TO INCREASE ABOUT 9.0% ON A SEQUENTIAL BASIS​.Q2 NET PROFIT GROUP SHARE (US GAAP) $‍151​ MILLION VERSUS $23 MILLION YEAR AGO.Q2 OPERATING INCOME (US GAAP) $‍178​ MILLION VERSUS $28 MILLION YEAR AGO.STMICROELECTRONICS - ‍GROSS MARGIN IN Q3 IS EXPECTED TO BE ABOUT 39.0% PLUS OR MINUS 2.0 PERCENTAGE POINTS​.Q2 GROSS MARGIN OF 38.3%.WELL POSITIONED TO REACH THE SHORT-TERM FINANCIAL TARGETS WE OUTLINED FOR THE SECOND HALF OF 2017 - CEO.EXPECTS Q3 2017 REVENUES TO INCREASE ABOUT 9.0% ON A SEQUENTIAL BASIS, PLUS OR MINUS 3.5 PERCENTAGE POINTS.  Full Article

STMicroelectronics prices a US$1.5 billion dual-tranche offering of new convertible bonds
Thursday, 22 Jun 2017 12:04pm EDT 

June 22 (Reuters) - STMicroelectronics ::STMICROELECTRONICS PRICES A US$1.5 BILLION DUAL-TRANCHE OFFERING OF NEW CONVERTIBLE BONDS.NEW CONVERTIBLE BONDS TO BE ISSUED IN TWO TRANCHES, ONE OF US$750 MILLION WITH MATURITY OF 5 YRS AND ONE OF US$750 MILLION WITH MATURITY OF 7 YRS.EARLY REDEMPTION OF OUTSTANDING US$600 MILLION ZERO COUPON CONVERTIBLE BONDS DUE 2019.FUTURE REDEMPTION OF OUTSTANDING US$400 MILLION 1.00 PER CENT. CONVERTIBLE BONDS DUE 2021.LAUNCH OF A SHARE BUY-BACK PROGRAMME OF UP TO 19 MILLION SHARES FOR AN AMOUNT UP TO US$297 MILLION.INITIAL CONVERSION PRICES HAVE BEEN SET, FOR EACH OF 5-YEAR MATURITY AND 7-YEAR MATURITY NEW CONVERTIBLE BONDS, AT US$20.54.SETTLEMENT OF NEW CONVERTIBLE BONDS IS EXPECTED TO TAKE PLACE ON OR ABOUT 3 JULY 2017.  Full Article

STMicro announces $1.5 bln convertible bond offering
Thursday, 22 Jun 2017 01:28am EDT 

June 22 (Reuters) - STMICROELECTRONICS :REG-ST ANNOUNCES (I) A US$1.5 BILLION DUAL-TRANCHE OFFERING OF NEW CONVERTIBLE BONDS, (II) THE EARLY REDEMPTION OF ITS 2019 CONVERTIBLE BONDS AND (III) THE LAUNCH OF A SHARE BUY-BACK PROGRAMME.‍NEW CONVERTIBLE BONDS WILL BE OFFERED IN TWO TRANCHES (WITH A MINIMUM SIZE OF US$500 MILLION FOR EACH TRANCHE) WITH A MATURITY OF 5 YEARS AND 7 YEARS​.‍5-YEAR MATURITY NEW CONVERTIBLE BONDS WILL NOT BEAR INTEREST​.‍NEW CONVERTIBLE BONDS WILL BE ISSUED AT 100.00% - 102.53% OF THEIR PRINCIPAL AMOUNT AND WILL BE REDEEMED AT 100% OF THEIR PRINCIPAL AMOUNT ON 3 JULY 2022​.‍7-YEAR MATURITY NEW CONVERTIBLE BONDS WILL BEAR INTEREST AT AN ANNUAL RATE BETWEEN 0.0% - 0.5%, PAYABLE SEMI-ANNUALLY IN ARREAR​.ANNOUNCES THE LAUNCH OF A SHARE BUY-BACK PROGRAMME OF UP TO 19 MILLION SHARES FOR AN AMOUNT UP TO US$297 MILLION.‍NEW CONVERTIBLE BONDS WILL BE ISSUED AT 100% OF THEIR PRINCIPAL AMOUNT AND WILL BE REDEEMED AT 100% OF THEIR PRINCIPAL AMOUNT ON 3 JULY 2024​.‍INITIAL CONVERSION PRICES IN RELATION TO 5-YEAR MATURITY NEW CONVERTIBLE BONDS, AT A PREMIUM BETWEEN 35% - 40%​.‍INITIAL CONVERSION PRICES IN RELATION TO 7-YEAR MATURITY NEW CONVERTIBLE BONDS, AT A PREMIUM BETWEEN 35% - 40%​.‍APPLICATION WILL BE MADE FOR NEW CONVERTIBLE BONDS TO BE ADMITTED TO TRADING ON OPEN MARKET SEGMENT OF FRANKFURT STOCK EXCHANGE​.‍MORGAN STANLEY AND SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING ARE ACTING AS JOINT GLOBAL COORDINATORS​.  Full Article

STMicroelectronics appointed Nicolas Dufourcq as chairman​
Tuesday, 20 Jun 2017 08:30am EDT 

June 20 (Reuters) - STMICROELECTRONICS ::‍MEMBERS OF SUPERVISORY BOARD APPOINTED MR. NICOLAS DUFOURCQ AS CHAIRMAN​.  Full Article

ST CFO expects to hit 10 percent oper margin target in H2
Thursday, 11 May 2017 04:54am EDT 

May 11 (Reuters) - STMicroelectronics :STMicroelectronics CFO says expects to meet or exceed long-promised 10 percent operating margin target in second half of 2017.  Full Article

STMicroelectronics Q1 results beat Reuters poll
Thursday, 27 Apr 2017 01:15am EDT 

April 27 (Reuters) - STMicroelectronics NV ::Reports 2017 first quarter financial results.Q1 net revenues totaled $1.82 billion, gross margin was 37.6%, and net income was $108 million, or $0.12 per share.Cash dividend of $0.24 per common share payable in equal quarterly installments to be proposed to 2017 annual general meeting of shareholders.Q1 net revenues of $1.82 billion, up 12.9% year-over-year on growth across all product groups (Reuters poll: $1.82 billion).Q1 operating profit (US GAAP) $129 million versus $118 million in Reuters poll.Q1 gross margin (us gaap) 37.6 percent versus 33.4 percent year ago.Q1 net profit group share (US GAAP) $108 million versus $94.3 million in Reuters poll.Q1 free cash flow (non us gaap) $62 million versus $31 million year ago.Expects Q2 2017 revenues to increase about 5.0 pct on a sequential basis, plus or minus 3.5 percentage points.Gross margin in Q2 is expected to be about 38.1 pct plus or minus 2.0 percentage points.Entering Q2, we continue to see healthy demand, with strong booking trends across all our product groups and regions - CEO."Entering Q2, we continue to see healthy demand, with strong booking trends across all our product groups and regions"."Results in this first quarter are putting us on the right trajectory" for 2017 objectives - CEO.  Full Article

Jean-Marc Chery appointed STMicroelectronics deputy CEO
Thursday, 27 Apr 2017 01:10am EDT 

April 27 (Reuters) - STMicroelectronics NV ::STMicroelectronics appoints Jean-Marc Chery as deputy CEO and names new executive team.Appointments and new organization are effective July 1, 2017.  Full Article

STMicroelectronics reports main resolutions to be proposed at 2017 annual general meeting of shareholders
Thursday, 27 Apr 2017 01:01am EDT 

April 27 (Reuters) - STMicroelectronics : :Reg-STMicroelectronics reports on main resolutions to be proposed at the 2017 annual general meeting of shareholders.Proposes distribution of a cash dividend of US$0.24 per outstanding share of the company’s common stock, to be distributed in quarterly installments of US$0.06.Board proposes reappointment of Mr. Carlo Bozotti as sole member of managing board for a one-year term.  Full Article

STMicroelectronics says Nintendo chooses its semiconductors for Nintendo Switch
Monday, 13 Mar 2017 11:16am EDT 

STMicroelectronics NV :Says Nintendo <7974.T> has chosen co's semiconductors for its latest game console, Nintendo Switch.  Full Article