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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  STMicroelectronics    STM   NL0000226223

STMICROELECTRONICS

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STMICROELECTRONICS : STMicro explores options for digital products group-COO

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05/12/2015 | 05:35am EDT

LONDON (Reuters) - STMicroelectronics is taking more aggressive action in its troubled digital products group, scrutinising individual businesses and "exploring options" for the division as a whole, Chief Operating Officer Jean-Marc Chery said on Tuesday.

"Business as usual is no longer an option," Chery said at the chipmaker's annual investor day in London.

Chery did not specify what steps STMicro was mulling or whether it would consider its outright sale. The DPG unit has represented around 15 percent of the group's total turnover.

The executive at the Franco-Itallian chipmaker detailed the struggle the company is having in its older digital set-top box component business as well as the slower market adoption of newer high-definition set-top box products.

Two weeks ago, the company also disclosed an unexpected cancellation and postponment of an important application-specific programme aimed at consumer markets. An STMicro spokesman declined to provide further details.

(Reporting by Eric Auchard; Editing by James Regan)

Stocks mentioned in the article
ChangeLast1st jan.
BOX, INC. 2.51% 19.98 Delayed Quote.19.07%
STMICROELECTRONICS -0.54% 22.09 Real-time Quote.-7.84%
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Financials (USD)
Sales 2020 9 135 M - -
Net income 2020 712 M - -
Net cash 2020 747 M - -
P/E ratio 2020 31,8x
Yield 2020 0,83%
Capitalization 21 722 M 21 742 M -
EV / Sales 2019
EV / Sales 2020 2,30x
Nbr of Employees 45 554
Free-Float 70,0%
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Technical analysis trends STMICROELECTRONICS
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 27,36 $
Last Close Price 24,54 $
Spread / Highest target 56,1%
Spread / Average Target 11,5%
Spread / Lowest Target -55,5%
EPS Revisions
Managers
NameTitle
Jean-Marc Chery President & Chief Executive Officer
Nicolas Dufourcq Chairman-Supervisory Board
Lorenzo Grandi Chief Financial Officer & President-Finance
Orio Bellezza President-Technology, Manufacturing & Quality
Jean-Georges Malcor Member-Supervisory Board
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