http://www.streetinsider.com Latest StreetInsider.com News Articles en-us Copyright 2026, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Fri, 26 Jul 2024 07:06:39 -0500 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif http://www.streetinsider.com 143 28 0 1 2 3 21 22 23 Saturday Sunday http://www.streetinsider.com/General+News/STMicroelectronics+shares+extend+fall+after+Morgan+Stanley+downgrade/23508689.html <p>Investing.com – <span itemscope="" itemtype="http://schema.org/Corporation"><span itemprop="name"> STMicroelectronics NV </span></span> (NYSE:STM) (EPA:STMPA) shares extended losses on Friday after Morgan Stanley downgraded the stock to “Equal-weight” from “Overweight”. The downgrade comes on the heels of a weaker-than-expected guidance from the semiconductor company.</p><p> </p><p dir="ltr">Analysts flagged a deeper-than-anticipated inventory correction in the industrial sector and softer-than-expected demand in the automotive market. These factors have led to a downturn in STMicroelectronics' business, resulting in underutilization of capacity and margin erosion.</p><p> </p><p> </p><p dir="ltr">The company has lowered its full-year revenue forecast to $13.2-$13.7 billion from the previous guidance of $14-$15 billion. Gross margin is also http://www.streetinsider.com/General+News/STMicroelectronics+shares+extend+fall+after+Morgan+Stanley+downgrade/23508689.html Fri, 26 Jul 2024 07:06:39 -0500 STM http://www.streetinsider.com/Investing/STMicroelectronics+shares+extend+fall+after+Morgan+Stanley+downgrade/23508689.html <p>Investing.com – <span itemscope="" itemtype="http://schema.org/Corporation"><span itemprop="name"> STMicroelectronics NV </span></span> (NYSE:STM) (EPA:STMPA) shares extended losses on Friday after Morgan Stanley downgraded the stock to “Equal-weight” from “Overweight”. The downgrade comes on the heels of a weaker-than-expected guidance from the semiconductor company.</p><p> </p><p dir="ltr">Analysts flagged a deeper-than-anticipated inventory correction in the industrial sector and softer-than-expected demand in the automotive market. These factors have led to a downturn in STMicroelectronics' business, resulting in underutilization of capacity and margin erosion.</p><p> </p><p> </p><p dir="ltr">The company has lowered its full-year revenue forecast to $13.2-$13.7 billion from the previous guidance of $14-$15 billion. Gross margin is also http://www.streetinsider.com/Investing/STMicroelectronics+shares+extend+fall+after+Morgan+Stanley+downgrade/23508689.html Fri, 26 Jul 2024 07:06:39 -0500 STM