Sensata Technologies Holdings PLC (ST)


May 2, 2024

ST: Board Takes Some Serious Action

By Steven Fox

The shares of Sensata (ST; $39.40; E/W) are now up 10% since its Q1 EPS print on Monday night (4/29), when it disclosed that it entered Cooperation and Information Sharing Agreements with Elliott Investment Management,…

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February 6, 2024

ST: Reduce Rating to Equal-Weight

By Steven Fox

We are reducing our rating from Outperform to Equal-Weight on the shares of Sensata (ST; $33.06; E/W) after its latest in a series of disappointing financial updates. Admittedly, management’s latest Q4 EPS miss, and lower…

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February 6, 2024

ST: First Look at Q4 Results and Outlook

By Steven Fox

Sensata (ST; $36.12; O/P) reported Q4 adjusted EPS of $0.82, which was below our $0.85 and the Street’s $0.86 on better-than-expected sales ($993mm vs. our $976mm and the Street’s $978mm), basically as expected operating profits…

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January 16, 2024

ST: CES Highlights Breadth of Electrification Opportunity

By Steven Fox

Last week, Sensata (ST; $34.26; O/P) highlighted its electrification portfolio at the Consumer Electronics Show (CES) in Las Vegas, which we think has not been the case in previous years, at least to this extent…

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October 31, 2023

ST: More Oversold and Underappreciated

By Steven Fox

The shares of Sensata (ST; $31.88; O/P) slumped another 7% today, bringing the stock to its lowest levels since 2012 excluding its initial plunge during the early days of COVID. The stock is also -23%…

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October 31, 2023

ST: First Look at Q3 Results and Outlook

By Steven Fox

Sensata (ST; $34.10; O/P) reported Q3 adjusted EPS of $0.91, which was slightly ahead of our consensus matching $0.90 on basically as expected sales ($1,001mm vs. our $1,000mm and the Street’s $1,004mm). Recall, the company’s…

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September 29, 2023

ST: Driving Towards Another Electrification Inflection

By Steven Fox

The shares of Sensata (ST; $38.29; O/P) have reacted positively to Wednesday’s Investor Event in New York, rising ~6% since the meeting started, although this is still in the context of a recent ~20% decline…

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July 25, 2023

ST: Battling the Value Trap Perception

By Steven Fox

We again reduce 2023/2024E EPS for Sensata (ST; $42.55; O/P) from $3.90/$4.35 to $3.78/$4.23 as a slight Q2 EPS beat was joined by Q3E guidance below our thinking, albeit including a further YoY drag from…

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July 25, 2023

ST: First Look at Q2 Results and Outlook

By Steven Fox

Sensata (ST; $46.48; O/P) reported Q2 adjusted EPS of $0.97, which was ahead of our $0.94 and the Street’s $0.95 on better than expected sales ($1,062mm vs. our $1,025mm and the Street’s $1,031mm). Recall, the…

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July 17, 2023

ST: Attractive Risk/Reward into Earnings

By Steven Fox

We think the shares of Sensata (ST; $45.47; O/P) still look oversold to us ahead of its Q2 results and outlook on July 25th (after market). The stock is down 16% from its recent high…

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June 21, 2023

ST: Fireside Chat Highlights De-Risked Growth Story

By Steven Fox

We reiterate our Outperform on Sensata (ST; $44.66) after hosting the company’s VP of Finance and IR, Jacob Sayer, for a “fireside chat” yesterday as part of our Transportation Technology Conference. We think the conversation…

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May 17, 2023

ST: New Product News Further Highlights Oversold Stock

By Steven Fox

This morning, Sensata (ST; $41.00; O/P) announced the launch of a new compact battery management system (BMS), under the “catchy” branding of c-BMS24X. More to the point, Sensata believes its new BMS meets demanding requirements…

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April 26, 2023

ST: A Major Overreaction to Mild Disappointments

By Steven Fox

The shares of Sensata (ST; $44.14; O/P) traded down 8% in what we think proves a major overreaction to Q1 results and outlook that we see still holding up relatively well, especially in the context…

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April 25, 2023

ST: First Look at Q1 Results and Outlook

By Steven Fox

Sensata (ST; $47.87; O/P) reported adjusted Q1 EPS of $0.92, which was ahead of our $0.88 and the Street’s $0.87 on somewhat higher sales than were in our model ($998mm, vs. our $988mm and the…

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April 18, 2023

ST: Another Buying Opportunity into Print

By Steven Fox

We think Sensata (ST; $47.20; O/P) again offers reasonable risk/reward into its Q1E print, which is scheduled for next Tuesday (4/25 before market). The stock has retreated 13% in recent weeks (vs. -1% for S&P…

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