STMicroelectronics (NYSE:STM) Hits New 12-Month High – What’s Next?

STMicroelectronics N.V. (NYSE:STM) reached a new 52-week high during trading on Thursday . The company traded as high as $65.37 and last traded at $65.4840, with a volume of 4211480 shares. The stock had previously closed at $64.93.

Analysts Set New Price Targets

A number of research analysts recently commented 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 report on Thursday, April 23rd. Weiss Ratings cut STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Citigroup reissued a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Morgan Stanley raised STMicroelectronics from an “equal weight” rating to an “overweight” rating in a report on Thursday, March 26th. Finally, TD Cowen reaffirmed a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. Ten equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.93.

STMicroelectronics Stock Up 1.2%

The firm has a market capitalization of $59.04 billion, a PE ratio of 410.84 and a beta of 1.89. The company has a fifty day moving average price of $43.82 and a 200-day moving average price of $33.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.34 and a current ratio of 3.31.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data 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 for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%. As a group, analysts expect that STMicroelectronics N.V. will post 1.09 earnings per share for the current year.

Hedge Funds Weigh In On STMicroelectronics

Several large investors have recently modified their holdings of STM. Amundi bought a new position in shares of STMicroelectronics during the 1st quarter valued at approximately $947,000. AQR Capital Management LLC increased its position in shares of STMicroelectronics by 182.8% during the 1st quarter. AQR Capital Management LLC now owns 32,094 shares of the semiconductor producer’s stock valued at $705,000 after purchasing an additional 20,745 shares during the last quarter. Legal & General Group Plc bought a new position in shares of STMicroelectronics during the 2nd quarter valued at approximately $119,000. M&T Bank Corp bought a new position in shares of STMicroelectronics during the 2nd quarter valued at approximately $303,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of STMicroelectronics by 79.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,883 shares of the semiconductor producer’s stock valued at $148,000 after purchasing an additional 2,156 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.

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.