STMicroelectronics (NYSE:STM) Hits New 12-Month High – What’s Next?

STMicroelectronics N.V. (NYSE:STM)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $65.37 and last traded at $65.4840, with a volume of 4211480 shares traded. The stock had previously closed at $64.93.

Analyst Upgrades and Downgrades

Several research firms recently commented on STM. Mizuho boosted their price objective on shares of STMicroelectronics from $56.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a research report on Friday, May 15th. Morgan Stanley upgraded shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research report on Thursday, March 26th. Citigroup reiterated a “buy” rating on shares of STMicroelectronics in a research report on Sunday, April 26th. Finally, Robert W. Baird set a $90.00 price objective on shares of STMicroelectronics in a research report on Friday, April 24th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.93.

STMicroelectronics Stock Up 2.0%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.34 and a current ratio of 3.31. The firm’s 50-day moving average is $45.13 and its 200 day moving average is $33.91. The firm has a market capitalization of $60.17 billion, a PE ratio of 418.70 and a beta of 1.89.

STMicroelectronics (NYSE:STM) last announced its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. The firm had revenue of $3.10 billion during the quarter. As a group, research analysts forecast that STMicroelectronics N.V. will post 1.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Midwest Trust Co increased its stake in shares of STMicroelectronics by 0.8% during the 1st quarter. Midwest Trust Co now owns 54,447 shares of the semiconductor producer’s stock valued at $1,881,000 after acquiring an additional 406 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of STMicroelectronics by 5.0% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,062 shares of the semiconductor producer’s stock valued at $348,000 after acquiring an additional 479 shares during the last quarter. Inspire Investing LLC increased its stake in shares of STMicroelectronics by 5.0% during the 1st quarter. Inspire Investing LLC now owns 10,261 shares of the semiconductor producer’s stock valued at $355,000 after acquiring an additional 488 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of STMicroelectronics by 13.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,405 shares of the semiconductor producer’s stock valued at $115,000 after acquiring an additional 509 shares during the last quarter. Finally, Earnest Partners LLC increased its stake in shares of STMicroelectronics by 3.2% during the 4th quarter. Earnest Partners LLC now owns 17,282 shares of the semiconductor producer’s stock valued at $448,000 after acquiring an additional 534 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Company Profile

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.