STMicroelectronics NV

STMPA: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€47.00	Tmxrz	Ryknfzxs

Demand Weakness for STMicro Across Various End Markets, Shares Still Undervalued; FVE Down to $50

Brian Colello

Oct 28, 2022

Narrow-moat STMicroelectronics reported strong third-quarter results and provided investors with a decent fourth-quarter forecast. Chip demand from automotive and business-type industrial customers (such as factory automation equipment) remains robust, but the company is predictably seeing softness in personal electronics and consumer-type industrial products (such as power tools and home appliances). The weakness in consumer-type industrial products is new for the sector this quarter and was first signaled by ST’s peer, Texas Instruments, earlier this week.

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