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

STMicroelectronics N.V. (NYSE:STMGet Free Report)’s share price rose 3.7% on Tuesday . The stock traded as high as $57.67 and last traded at $57.1830. Approximately 12,561,588 shares changed hands during trading, an increase of 35% from the average daily volume of 9,299,405 shares. The stock had previously closed at $55.13.

Trending Headlines about STMicroelectronics

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Analyst Ratings Changes

STM has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research note on Thursday, March 26th. Citigroup restated a “buy” rating on shares of STMicroelectronics in a research note on Sunday, April 26th. Susquehanna boosted their price objective on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a research note on Monday, February 23rd. Craig Hallum upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Thursday, April 23rd. Finally, Weiss Ratings upgraded shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $49.07.

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STMicroelectronics Stock Performance

The firm has a market cap of $51.36 billion, a price-to-earnings ratio of 357.42 and a beta of 1.89. The stock’s 50 day moving average is $37.34 and its 200 day moving average is $30.58. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STMGet Free Report) last announced its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 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 for the quarter. Analysts anticipate that STMicroelectronics N.V. will post 1.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in STMicroelectronics by 20.0% in the 1st quarter. Bank of New York Mellon Corp now owns 36,917 shares of the semiconductor producer’s stock valued at $1,275,000 after buying an additional 6,143 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in STMicroelectronics in the 1st quarter valued at about $298,000. Checchi Capital Advisers LLC bought a new stake in STMicroelectronics in the 1st quarter valued at about $261,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in STMicroelectronics by 5.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,062 shares of the semiconductor producer’s stock valued at $348,000 after purchasing an additional 479 shares during the period. Finally, Midwest Trust Co boosted its holdings in STMicroelectronics by 0.8% in the 1st quarter. Midwest Trust Co now owns 54,447 shares of the semiconductor producer’s stock valued at $1,881,000 after purchasing an additional 406 shares during the period. Institutional investors and hedge funds 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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