STMicroelectronics N.V. (NYSE:STM) Short Interest Up 104.3% in December

STMicroelectronics N.V. (NYSE:STM) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 14,332,649 shares, a growth of 104.3% from the November 30th total of 7,015,107 shares. Based on an average daily volume of 6,930,849 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.6% of the company’s stock are sold short. Approximately 1.6% of the company’s stock are sold short. Based on an average daily volume of 6,930,849 shares, the days-to-cover ratio is presently 2.1 days.

STMicroelectronics Stock Performance

Shares of STM traded up $0.08 during midday trading on Friday, reaching $26.20. The stock had a trading volume of 2,129,898 shares, compared to its average volume of 5,592,581. The firm has a market cap of $23.53 billion, a PE ratio of 45.16, a P/E/G ratio of 4.89 and a beta of 1.56. The firm has a 50 day simple moving average of $24.81 and a 200-day simple moving average of $27.10. STMicroelectronics has a one year low of $17.25 and a one year high of $33.47. The company has a current ratio of 3.22, a quick ratio of 2.28 and a debt-to-equity ratio of 0.11.

STMicroelectronics (NYSE:STM) last issued its earnings results on Wednesday, November 5th. The semiconductor producer reported $0.29 earnings per share (EPS) for the quarter. STMicroelectronics had a net margin of 4.55% and a return on equity of 4.06%. The company had revenue of $3.19 billion for the quarter. As a group, sell-side analysts anticipate that STMicroelectronics will post 0.85 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Greenland Capital Management LP acquired a new position in shares of STMicroelectronics in the second quarter valued at $4,375,000. West Family Investments Inc. bought a new stake in shares of STMicroelectronics during the 2nd quarter worth about $391,000. JPMorgan Chase & Co. grew its stake in STMicroelectronics by 6.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,349,547 shares of the semiconductor producer’s stock valued at $101,860,000 after buying an additional 212,499 shares during the last quarter. BNP Paribas Financial Markets grew its stake in STMicroelectronics by 59.9% in the 1st quarter. BNP Paribas Financial Markets now owns 2,451,052 shares of the semiconductor producer’s stock valued at $53,825,000 after buying an additional 918,263 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in STMicroelectronics by 40.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 62,873 shares of the semiconductor producer’s stock valued at $1,381,000 after acquiring an additional 18,030 shares during the period. 5.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. TD Cowen cut their price target on shares of STMicroelectronics from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, October 24th. Susquehanna boosted their price objective on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Robert W. Baird set a $45.00 target price on shares of STMicroelectronics in a research note on Friday, October 24th. Barclays reissued an “underweight” rating on shares of STMicroelectronics in a research note on Tuesday, September 16th. Finally, Mizuho set a $26.00 price objective on STMicroelectronics in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, STMicroelectronics currently has a consensus rating of “Hold” and a consensus target price of $30.94.

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.