STMicroelectronics (NYSE:STM) Trading Up 1.3% – What’s Next?

Shares of STMicroelectronics N.V. (NYSE:STM) were up 1.3% on Wednesday . The stock traded as high as $58.01 and last traded at $57.8970. Approximately 11,979,173 shares were traded during mid-day trading, an increase of 28% from the average daily volume of 9,352,009 shares. The stock had previously closed at $57.18.

Analysts Set New Price Targets

Several equities research analysts have weighed in on STM shares. Robert W. Baird set a $90.00 target price on STMicroelectronics in a report on Friday, April 24th. Weiss Ratings upgraded STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, April 24th. TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. Susquehanna upped their target price on STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, February 23rd. Finally, Citigroup reiterated a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.07.

STMicroelectronics Trading Up 5.8%

The stock has a market capitalization of $53.13 billion, a P/E ratio of 369.74 and a beta of 1.89. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $38.73 and a 200 day moving average price of $31.17.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Abound Wealth Management bought a new position in shares of STMicroelectronics in the 4th quarter worth $26,000. CIBC Private Wealth Group LLC raised its position in shares of STMicroelectronics by 3,746.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after acquiring an additional 974 shares in the last quarter. Portus Wealth Advisors LLC acquired a new position in STMicroelectronics during the 1st quarter valued at about $32,000. Peterson Wealth Services increased its position in STMicroelectronics by 3,086.5% during the 3rd quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock valued at $33,000 after buying an additional 1,142 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in STMicroelectronics during the 3rd quarter valued at about $52,000. 5.05% of the stock is owned by institutional investors.

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.