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    STM   NL0000226223

STMICROELECTRONICS N.V.

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STMicroelectronics Assumes EUR/USD at 1.15 in 1Q -- Currency Comment

01/27/2022 | 02:42am EDT

By Mauro Orru


STMicroelectronics NV's guidance for the first quarter assumes the euro will average about $1.15 against the dollar, a lower rate than its assumption of roughly $1.18 for the previous quarter.

The euro currently trades at $1.1216.

STMicroelectronics expects first-quarter net revenue of $3.50 billion at the mid-point and a gross margin of about 45%, plus or minus 200 basis points.

"This outlook is based on an assumed effective currency exchange rate of approximately $1.15 = EUR1.00 for the 2022 first quarter and includes the impact of existing hedging contracts," the European chip maker said.


Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94


(END) Dow Jones Newswires

01-27-22 0242ET

Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / EURO (AUD/EUR) 0.06% 0.6659 Delayed Quote.4.23%
BRITISH POUND / EURO (GBP/EUR) 0.35% 1.1822 Delayed Quote.-0.98%
BRITISH POUND / US DOLLAR (GBP/USD) 0.19% 1.24866 Delayed Quote.-7.89%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.05% 0.737675 Delayed Quote.5.89%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.17% 0.7783 Delayed Quote.-1.43%
EURO / US DOLLAR (EUR/USD) -0.11% 1.0548 Delayed Quote.-6.97%
INDIAN RUPEE / EURO (INR/EUR) -0.38% 0.012157 Delayed Quote.3.49%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.59% 0.012844 Delayed Quote.-3.79%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.38% 0.64048 Delayed Quote.-6.67%
STMICROELECTRONICS N.V. -1.47% 36.795 Real-time Quote.-15.16%
US DOLLAR / EURO (USD/EUR) 0.11% 0.948047 Delayed Quote.7.47%
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Financials (USD)
Sales 2022 15 042 M - -
Net income 2022 3 123 M - -
Net cash 2022 1 149 M - -
P/E ratio 2022 11,6x
Yield 2022 0,65%
Capitalization 35 061 M 35 061 M -
EV / Sales 2022 2,25x
EV / Sales 2023 2,09x
Nbr of Employees 48 254
Free-Float 71,6%
Chart STMICROELECTRONICS N.V.
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STMicroelectronics N.V. Technical Analysis Chart | STM | NL0000226223 | MarketScreener
Technical analysis trends STMICROELECTRONICS N.V.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 38,82 $
Average target price 54,42 $
Spread / Average Target 40,2%
EPS Revisions
Managers and Directors
Jean-Marc Chery President & Chief Executive Officer
Lorenzo Grandi President-Finance, Purchasing, ERM & Resilience
Maurizio Tamagnini Chairman-Supervisory Board
Orio Bellezza President-Technology, Manufacturing & Quality
Philippe Dereeper Executive Secretary & Chief Compliance Officer
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