STMicroelectronics (NYSE:STM) Stock Price Up 3.7% – Should You Buy?

STMicroelectronics N.V. (NYSE:STMGet Free Report) shot up 3.7% during mid-day trading on Tuesday . The company traded as high as $57.67 and last traded at $57.1830. 12,561,588 shares changed hands during mid-day trading, an increase of 35% from the average session volume of 9,299,405 shares. The stock had previously closed at $55.13.

STMicroelectronics News Roundup

Here are the key news stories impacting STMicroelectronics this week:

Analyst Ratings Changes

A number of research firms have issued reports on STM. Susquehanna boosted their price objective on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a report on Monday, February 23rd. Morgan Stanley raised shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a report on Thursday, March 26th. Citigroup reissued a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, April 24th. Finally, Robert W. Baird set a $90.00 price objective on shares of STMicroelectronics in a report on Friday, April 24th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $49.07.

Read Our Latest Report on STM

STMicroelectronics Stock Performance

The stock’s fifty day moving average price is $37.34 and its two-hundred day moving average price is $30.58. 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 $51.36 billion, a P/E ratio of 357.42 and a beta of 1.89.

STMicroelectronics (NYSE:STMGet Free Report) last issued its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. The company had revenue of $3.10 billion during the quarter. As a group, equities analysts predict that STMicroelectronics N.V. will post 1.09 earnings per share for the current year.

Institutional Trading of STMicroelectronics

Institutional investors and hedge funds have recently made changes to their positions in the company. Abound Wealth Management bought a new stake in shares of STMicroelectronics during the 4th quarter worth approximately $26,000. CIBC Private Wealth Group LLC lifted its stake in STMicroelectronics by 3,746.2% in the 4th 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 last quarter. Portus Wealth Advisors LLC acquired a new stake in STMicroelectronics in the first quarter valued at approximately $32,000. Peterson Wealth Services grew its stake in shares of 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 buying an additional 1,142 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of STMicroelectronics during the third quarter worth $52,000. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Company Profile

(Get Free Report)

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.

Further Reading

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