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Last $7.32 USD
Change Today -0.03 / -0.41%
Volume 766.5K
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

stmicroelectronics nv-ny shs (STM) Key Developments

STMicroelectronics NV Presents at Jefferies Semiconductors, Hardware & Communications Infrastructure Summit, Aug-26-2015

STMicroelectronics NV Presents at Jefferies Semiconductors, Hardware & Communications Infrastructure Summit, Aug-26-2015 . Venue: Ritz Carlton Hotel, Chicago, Illinois, United States.

STMicroelectronics NV Approves the Dividend for the Year 2015; Announces the Appointment of Nicolas Dufourcq as New Member of the Supervisory Board

STMicroelectronics announced that at the annual general meeting held on May 27, 2015, approved the cash dividend of $0.40 per outstanding share of the company's common stock to be distributed in quarterly installments of $0.10 in each of the second, third and fourth quarters of 2015 and first quarter of 2016 to shareholders of record at each respective date. The company also announced the appointment of Nicolas Dufourcq as a new member of the supervisory board.

STMicroelectronics NV Unveils its DOCSIS 3.1 Chipset Solution, Opening Multi-Gigabit Era to Cable MSOs

STMicroelectronics announced the STiD325 [1] (codenamed Barcelona), its DOCSIS[1] [2] 3.1 chipset for Broadband CPE[2] [3] Cable Modems, embedded Media Terminal Adapters (eMTAs), and Gateways, as well as for Video Gateways when associated to set-top-box chipsets. It is being demonstrated at CableLabs Summer Conference, August 2-5, 2015 in Keystone, Colorado, USA. DOCSIS 3.1 has been engineered by CableLabs® to unleash the multi-gigabit data era on existing Hybrid Fiber-Coax (HFC) networks through improved spectral efficiency using OFDM[3] [4] multi-carrier modulation combined with low-density parity-check-based Forward Error Correction. Barcelona is fully compliant with the DOCSIS 3.1 specification, including: Two 196 MHz OFDM downstream channels, 32 single-carrier DOCSIS 3.0 QAM[4] [5] downstream channels, Two 96 MHz OFDM-A upstream channels and 8 single-carrier DOCSIS 3.0 QAM upstream channels.

E3NETWORK Selects STMicroelectronics BiCMOS55 SiGe

STMicroelectronics announced that its BiCMOS55 SiGe technology has been selected by the European E3NETWORK R&D initiative for developing energy-efficient, high-capacity transmission systems in next-generation mobile networks. E3NETWORK is designing an integrated E-band transceiver using ST's BiCMOS55 technology for fronthaul and backhaul infrastructure, which enables digital multi-level modulations, highly focused ‘pencil-beam’ transmissions, and data rates above 10Gbps. The pencil-beam property facilitates a high degree of frequency reuse in the deployment of backhaul and fronthaul links, while preserving the spectrum efficiency over the millimeter-wave interval. An EU project within the Seventh Framework program, E3NETWORK, which stands for Energy efficient E-band transceiver for backhaul of the future networks, brings together a consortium of companies including CEIT (Spain), Fraunhofer (Germany), Alcatel Lucent (Italy), CEA (France), INXYS (Spain), OTE (Greece), SiR (Germany), Sivers IMA (Sweden), and STMicroelectronics (Italy).

STMicroelectronics NV Reports Unaudited Consolidated Earnings Results for the Second Quarter and First Half Ended June 27, 2015; Provides Earnings Guidance for the Third Quarter of 2015

STMicroelectronics NV reported unaudited consolidated earnings results for the second quarter and first half ended June 27, 2015. For the quarter, the company reported net income attributable to parent company of $35 million or $0.04 per diluted share on net sales of $1,754 million compared to net income attributable to parent company of $38 million or $0.04 per diluted share on net sales of $1,858 million for the last year. The company reported operating income of $12 million compared to operating income of $98 million a year ago. Income before income taxes of $5 million compared to $43 million for the last year. Net cash from operating activities was $223 million against $71 million a year ago. Net payment for capital expenditures was $161 million against $139 million a year ago. Free cash flow was $53 million against negative free cash flow of $99 million a year ago. For the six months, the company reported net income attributable to parent company of $12 million or $0.01 per diluted share on net sales of $3,465 million compared to net income attributable to parent company of $14 million or $0.02 per diluted share on net sales of $3,658 million for the last year. The company reported operating loss of $7 million compared to operating income of $93 million a year ago. Loss before income taxes of $15 million compared to income before income taxes of $30 million for the last year. Net cash from operating activities was $372 million compared with $123 for the same period last year. Capital expenditure payments, net of proceeds from sales, were $161 million during the second quarter and for the first half of 2015 totaled $250 million. For the 2015 first half free cash flow had a significant swing to a positive $94 million, compared to a negative $150 million in the year-ago first half. For the third quarter of 2015, the company expects revenues to increase about 2.5% on a sequential basis, plus or minus 3.5% points. Gross margin in the third quarter is expected to be about 35%, plus or minus 2.0% points. The company expects revenues to grow sequentially to around $1.80 billion.

 

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Price/Earnings 70.3x
Price/Sales 0.9x
Price/Book 1.2x
Price/Cash Flow 72.7x
TEV/Sales 0.4x
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