STMicroelectronics: Likely Undervalued, But Recovery Will Take Time (NYSE:STM)

Many semiconductor companies with heavy exposure to auto and industrial end-markets have underperformed since late 2023, but STMicroelectronics ( STM ) (“STMicro”) has been hit especially hard by specific customer exposures, share loss in its microcontroller business, and price pressure across its lines, with weakerAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote thi ...