STMicroelectronics (NYSE:STM) Hits New 52-Week High – What’s Next?

STMicroelectronics N.V. (NYSE:STM) shares hit a new 52-week high on Monday . The company traded as high as $59.41 and last traded at $58.6780, with a volume of 2472860 shares trading hands. The stock had previously closed at $59.17.

Wall Street Analyst Weigh In

STM has been the subject of a number of recent analyst reports. Craig Hallum upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Thursday, April 23rd. Robert W. Baird set a $90.00 price target on shares of STMicroelectronics in a research report on Friday, April 24th. Morgan Stanley upgraded shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research report on Thursday, March 26th. TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. Finally, Susquehanna lifted their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research report on Monday, February 23rd. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $49.07.

STMicroelectronics Stock Up 9.6%

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 stock has a market cap of $57.03 billion, a price-to-earnings ratio of 396.87 and a beta of 1.89. The business’s fifty day moving average is $40.23 and its two-hundred day moving average is $31.79.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. The firm 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%. Equities 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 made changes to their positions in the business. Portus Wealth Advisors LLC acquired a new position in shares of STMicroelectronics in the first quarter valued at approximately $32,000. CIBC Private Wealth Group LLC grew its holdings in shares of STMicroelectronics by 3,746.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock valued at $26,000 after purchasing an additional 974 shares in the last quarter. Abound Wealth Management acquired a new position in shares of STMicroelectronics in the fourth quarter valued at approximately $26,000. Peterson Wealth Services grew its holdings in shares of STMicroelectronics by 3,086.5% in the third quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock valued at $33,000 after purchasing an additional 1,142 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of STMicroelectronics in the third quarter valued at approximately $52,000. 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.