STMicroelectronics (NYSE:STM) Shares Up 5.8% – Still a Buy?

STMicroelectronics N.V. (NYSE:STM) traded up 5.8% on Wednesday . The company traded as high as $53.26 and last traded at $52.7120. 17,097,242 shares changed hands during mid-day trading, an increase of 86% from the average session volume of 9,193,157 shares. The stock had previously closed at $49.81.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Robert W. Baird set a $90.00 price target on STMicroelectronics in a report on Friday, April 24th. Susquehanna increased their target price on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a report on Monday, February 23rd. Mizuho set a $48.00 target price on STMicroelectronics and gave the company an “outperform” rating in a report on Thursday, April 16th. Weiss Ratings raised STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Finally, Morgan Stanley raised STMicroelectronics from an “equal weight” rating to an “overweight” rating in a report on Thursday, March 26th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.07.

STMicroelectronics Stock Up 5.8%

The business has a fifty day simple moving average of $36.53 and a 200 day simple moving average of $30.23. The firm has a market cap of $47.34 billion, a price-to-earnings ratio of 329.47 and a beta of 1.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34.

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 firm had revenue of $3.10 billion during the quarter. As a group, equities analysts forecast that STMicroelectronics N.V. will post 1.18 EPS for the current fiscal year.

Institutional Investors Weigh In On STMicroelectronics

Several hedge funds and other institutional investors have recently made changes to their positions in STM. Abound Wealth Management purchased a new position in STMicroelectronics in the fourth quarter worth approximately $26,000. CIBC Private Wealth Group LLC grew its position in 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 worth $26,000 after acquiring an additional 974 shares during the period. Portus Wealth Advisors LLC purchased a new position in STMicroelectronics in the first quarter worth approximately $32,000. Peterson Wealth Services grew its position in STMicroelectronics by 3,086.5% in the third quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock worth $33,000 after acquiring an additional 1,142 shares during the period. Finally, Advisory Services Network LLC purchased a new position in STMicroelectronics in the third quarter worth 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.