STMicroelectronics (NYSE:STM) Trading Up 5.9% – What’s Next?

STMicroelectronics N.V. (NYSE:STM)’s share price traded up 5.9% during trading on Tuesday . The company traded as high as $71.07 and last traded at $70.81. 15,049,371 shares traded hands during trading, an increase of 56% from the average session volume of 9,617,446 shares. The stock had previously closed at $66.86.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley restated an “overweight” rating on shares of STMicroelectronics in a research note on Thursday. Craig Hallum upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Thursday, April 23rd. Mizuho increased their price objective on shares of STMicroelectronics from $56.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. TD Cowen restated a “hold” rating on shares of STMicroelectronics in a research note on Friday, April 24th. Finally, Susquehanna increased their price objective on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a research note on Monday, February 23rd. Ten equities 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $51.93.

STMicroelectronics Stock Performance

The company has a market capitalization of $62.41 billion, a price-to-earnings ratio of 434.28 and a beta of 1.89. The stock’s 50 day moving average price is $47.96 and its 200 day moving average price is $35.24. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.12.

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

Hedge Funds Weigh In On STMicroelectronics

Hedge funds and other institutional investors have recently bought and sold shares of the business. Abound Wealth Management bought a new position in STMicroelectronics during the fourth quarter worth about $26,000. CIBC Private Wealth Group LLC grew its holdings in STMicroelectronics by 3,746.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after purchasing an additional 974 shares during the period. Portus Wealth Advisors LLC bought a new position in STMicroelectronics during the first quarter worth about $32,000. Peterson Wealth Services grew its holdings in STMicroelectronics by 3,086.5% during the third quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock worth $33,000 after purchasing an additional 1,142 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in STMicroelectronics during the first quarter worth about $45,000. 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.