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WESTMINSTER, Colo. - Trimble (NASDAQ:TRMB), a $17.7 billion technology company with robust financial health and impressive 67.7% gross margins, has announced a collaboration with STMicroelectronics to enhance precise positioning solutions in automotive and Internet of Things (IoT) applications. This partnership aims to integrate Trimble’s ProPoint Go positioning engine with STMicroelectronics’ Teseo VI GNSS chipsets to offer a comprehensive solution that promises to improve performance and reduce manufacturing costs and time-to-market for original equipment manufacturers (OEMs).
The joint technology is targeted at a variety of applications, including automotive navigation, advanced driver-assistance systems (ADAS), cellular vehicle-to-everything (C-V2X) communications, field robotics, and unmanned aerial vehicles (UAVs). According to InvestingPro data, Trimble’s stock has shown strong momentum with a 31% gain over the past six months, reflecting investor confidence in its strategic initiatives. The company maintains a moderate debt level while trading at premium valuation multiples, suggesting market optimism about its growth potential. The Teseo VI GNSS receiver is designed to enhance signal availability and accuracy by supporting quad-band GNSS (L1, L2, L5, and E6), which is particularly beneficial in challenging environments like urban areas with tall buildings that can disrupt signal reception.
Trimble’s ProPoint Go positioning engine is engineered to provide high-accuracy position and orientation data, leveraging Trimble correction services available globally. When combined with the Teseo VI chipset, the solution is expected to deliver precise and reliable centimeter-level positioning, velocity, and timing data. The ecosystem is further enhanced by the ProPoint Go’s distinction as the first in the market to be certified for Automotive Safety Integrity Level-C (ASIL-C), emphasizing its focus on safety for automated driving systems.
Olivier Casabianca, Vice President of Advanced Positioning at Trimble, stated, "Our ongoing collaboration with STMicroelectronics provides a robust, reliable, and cost-effective solution for a wide range of automotive and industrial applications." The companies highlight the high-accuracy support, integrity and protection levels, mass-market application suitability, and the scalability of their solution as key advantages.
The Teseo VI GNSS receivers will be showcased at the Mobile World Congress in Barcelona, Spain, from March 3-6, 2025, and the combined ProPoint Go with Teseo VI solution will be presented at the Embedded World Conference in Nuremberg, Germany, from March 11-13, 2025.
This announcement is based on a press release statement and provides an insight into the collaboration between Trimble and STMicroelectronics, aiming to advance precise positioning technology in the automotive and IoT sectors. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 11 additional ProTips and detailed financial metrics in its Pro Research Report, helping you make informed investment decisions about Trimble and 1,400+ other top stocks.
In other recent news, Trimble Inc. reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share (EPS) at $0.89, slightly above the consensus of $0.88. The company achieved a revenue of $983 million, marking a 5% year-over-year increase and a 17% organic growth, surpassing the guidance range and consensus estimate. Annual Recurring Revenue (ARR) also saw a 14% year-over-year rise to $2.258 billion. Looking ahead to 2025, Trimble has provided non-GAAP EPS guidance of $2.76 to $2.98, with anticipated revenue between $3.37 billion and $3.47 billion. The first quarter of 2025 is expected to see revenue between $794 million and $824 million, with EPS projected at $0.55 to $0.61.
JPMorgan analyst Ann Duignan maintained an Overweight rating on Trimble, raising the stock price target from $92 to $94, citing conservative guidance and anticipated improvements in sales and earnings. The company’s non-GAAP operating margin for the fourth quarter increased by approximately 450 basis points year-over-year to 28.8%. In addition, Trimble’s Board of Directors has authorized a new $1 billion share repurchase program, replacing the existing authorization. The company has recently completed the divestiture of its Mobility business, aligning with its strategic focus on core business segments.
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