STMicroelectronics (NYSE:STM) Trading Up 1.2% – What’s Next?

STMicroelectronics N.V. (NYSE:STM) shares rose 1.2% during mid-day trading on Thursday . The company traded as high as $65.99 and last traded at $65.7310. Approximately 7,602,703 shares changed hands during trading, a decline of 21% from the average daily volume of 9,571,477 shares. The stock had previously closed at $64.93.

Analyst Ratings Changes

STM has been the topic of a number of recent research reports. TD Cowen reissued a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. Mizuho increased their price target on shares of STMicroelectronics from $56.00 to $68.00 and gave the stock an “outperform” rating in a report on Tuesday. Susquehanna increased their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a report on Friday, May 15th. Finally, Morgan Stanley raised shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a report on Thursday, March 26th. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.93.

STMicroelectronics Stock Up 1.2%

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 cap of $59.04 billion, a PE ratio of 410.84 and a beta of 1.89. The stock has a 50-day moving average of $43.82 and a 200-day moving average of $33.38.

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

Institutional Investors Weigh In On STMicroelectronics

Institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley raised its position in shares of STMicroelectronics by 40.6% during the 4th quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock valued at $159,691,000 after buying an additional 1,778,113 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of STMicroelectronics during the 4th quarter valued at $42,731,000. Invesco Ltd. raised its position in shares of STMicroelectronics by 67.1% during the 3rd quarter. Invesco Ltd. now owns 4,003,933 shares of the semiconductor producer’s stock valued at $113,151,000 after buying an additional 1,608,029 shares in the last quarter. Defiance ETFs LLC purchased a new stake in shares of STMicroelectronics during the 4th quarter valued at $39,545,000. Finally, Two Sigma Investments LP raised its position in STMicroelectronics by 135.0% during the third quarter. Two Sigma Investments LP now owns 2,322,540 shares of the semiconductor producer’s stock valued at $65,635,000 after purchasing an additional 1,334,192 shares in the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

About STMicroelectronics

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.