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

Core Insights - Many semiconductor companies with significant exposure to automotive and industrial markets have underperformed since late 2023, with STMicroelectronics being particularly affected due to specific customer exposures, loss of market share in its microcontroller business, and price pressures across its product lines [1] Company Performance - STMicroelectronics has faced challenges that have led to a notable decline in performance, primarily attributed to share loss in its microcontroller segment and increased pricing pressures [1] Market Context - The broader semiconductor industry is experiencing difficulties, especially those companies heavily reliant on the automotive and industrial sectors, indicating a potential trend affecting future performance [1]