STMicroelectronics (NYSE:STM) Stock Price Up 1.7% – What’s Next?

STMicroelectronics N.V. (NYSE:STM)’s stock price traded up 1.7% during mid-day trading on Thursday . The stock traded as high as $65.31 and last traded at $64.4650. 11,712,945 shares changed hands during mid-day trading, an increase of 23% from the average session volume of 9,530,153 shares. The stock had previously closed at $63.39.

Analysts Set New Price Targets

A number of research firms have weighed in on STM. Susquehanna raised their price target on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research report on Monday, February 23rd. TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. Robert W. Baird set a $90.00 price objective on STMicroelectronics in a research report on Friday, April 24th. Citigroup reissued a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Finally, Weiss Ratings downgraded STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, STMicroelectronics has a consensus rating of “Moderate Buy” and an average price target of $49.07.

STMicroelectronics Stock Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.34 and a current ratio of 3.31. The company has a market cap of $57.90 billion, a PE ratio of 402.93 and a beta of 1.89. The business’s 50-day moving average is $40.83 and its 200 day moving average is $32.06.

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

Hedge Funds Weigh In On STMicroelectronics

Institutional investors and hedge funds have recently bought and sold shares of the stock. Abound Wealth Management purchased a new position in STMicroelectronics in the 4th quarter worth approximately $26,000. CIBC Private Wealth Group LLC boosted its stake in shares of 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 valued at $26,000 after purchasing an additional 974 shares during the period. Portus Wealth Advisors LLC bought a new position in shares of STMicroelectronics in the first quarter worth approximately $32,000. Peterson Wealth Services increased its stake 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 worth $33,000 after buying an additional 1,142 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of STMicroelectronics in the first quarter worth $45,000. 5.05% of the stock is currently 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.