STMicroelectronics Target of Unusually High Options Trading (NYSE:STM)

STMicroelectronics N.V. (NYSE:STM) was the recipient of unusually large options trading on Wednesday. Traders acquired 16,746 call options on the stock. This is an increase of approximately 50% compared to the average volume of 11,169 call options.

Institutional Trading of STMicroelectronics

Several institutional investors have recently added to or reduced their stakes in STM. Abound Wealth Management bought a new stake in STMicroelectronics in the 4th quarter valued at $26,000. CIBC Private Wealth Group LLC lifted its position in shares of STMicroelectronics by 3,746.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock valued at $26,000 after acquiring an additional 974 shares during the period. Portus Wealth Advisors LLC bought a new stake in shares of STMicroelectronics during the 1st quarter valued at $32,000. Peterson Wealth Services lifted its position in shares of STMicroelectronics by 3,086.5% during the 3rd quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock valued at $33,000 after acquiring an additional 1,142 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of STMicroelectronics during the 3rd quarter valued at $52,000. 5.05% of the stock is currently owned by institutional investors.

STMicroelectronics Stock Performance

STM opened at $63.50 on Thursday. The business has a fifty day simple moving average of $40.83 and a 200 day simple moving average of $32.06. The company has a market capitalization of $57.03 billion, a PE ratio of 396.87 and a beta of 1.89. STMicroelectronics has a 1 year low of $21.11 and a 1 year high of $63.73. 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 released its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $3.10 billion during the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%. Research analysts expect that STMicroelectronics will post 1.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on STM shares. Craig Hallum raised STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Thursday, April 23rd. Robert W. Baird set a $90.00 price target on STMicroelectronics in a research report on Friday, April 24th. Mizuho set a $48.00 target price on STMicroelectronics and gave the stock an “outperform” rating in a report on Thursday, April 16th. Susquehanna boosted their target price on STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, February 23rd. Finally, Weiss Ratings lowered STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. 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. Based on data from MarketBeat.com, STMicroelectronics has a consensus rating of “Moderate Buy” and a consensus price target of $49.07.

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.