STMicroelectronics (NYSE:STM) Reaches New 1-Year High – Here’s What Happened

Shares of STMicroelectronics N.V. (NYSE:STM) hit a new 52-week high on Wednesday . The company traded as high as $52.06 and last traded at $51.7180, with a volume of 1402712 shares trading hands. The stock had previously closed at $49.81.

Analyst Ratings Changes

A number of research analysts have recently weighed in on STM shares. TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. Susquehanna lifted their price target on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a report on Monday, February 23rd. Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a research report on Sunday. Mizuho set a $48.00 price objective on shares of STMicroelectronics and gave the company an “outperform” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, STMicroelectronics currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.07.

STMicroelectronics Price Performance

The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $49.64 billion, a P/E ratio of 345.42 and a beta of 1.51. The company’s 50-day simple moving average is $37.34 and its 200 day simple moving average is $30.56.

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

Institutional Trading of STMicroelectronics

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of STMicroelectronics by 19.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,990,874 shares of the semiconductor producer’s stock worth $112,782,000 after acquiring an additional 641,327 shares in the last quarter. ABC Arbitrage SA boosted its stake in shares of STMicroelectronics by 378.6% during the 3rd quarter. ABC Arbitrage SA now owns 620,238 shares of the semiconductor producer’s stock worth $17,528,000 after acquiring an additional 490,652 shares in the last quarter. Ingalls & Snyder LLC boosted its stake in shares of STMicroelectronics by 38.1% during the 3rd quarter. Ingalls & Snyder LLC now owns 337,427 shares of the semiconductor producer’s stock worth $9,536,000 after acquiring an additional 93,111 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of STMicroelectronics by 43.4% during the 3rd quarter. Penserra Capital Management LLC now owns 927,695 shares of the semiconductor producer’s stock worth $26,216,000 after acquiring an additional 280,615 shares in the last quarter. Finally, Hardman Johnston Global Advisors LLC bought a new stake in shares of STMicroelectronics during the 3rd quarter worth about $10,924,000. Institutional investors 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.