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

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

Analysts Set New Price Targets

STM has been the topic of several research reports. Mizuho raised their target price on STMicroelectronics from $56.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday. Citigroup reissued a “buy” rating on shares of STMicroelectronics in a research report on Sunday, April 26th. TD Cowen reissued a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. Craig Hallum raised STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Thursday, April 23rd. Finally, Susquehanna lifted their price objective on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research report on Monday, February 23rd. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.93.

STMicroelectronics Trading Up 1.2%

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 stock has a market capitalization of $59.04 billion, a PE ratio of 410.84 and a beta of 1.89. The stock has a 50-day moving average price of $43.82 and a two-hundred day moving average price of $33.38.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Midwest Trust Co lifted 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 worth $1,881,000 after purchasing an additional 406 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted 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 worth $348,000 after purchasing an additional 479 shares in the last quarter. Inspire Investing LLC lifted its holdings in STMicroelectronics by 5.0% in the 1st quarter. Inspire Investing LLC now owns 10,261 shares of the semiconductor producer’s stock worth $355,000 after purchasing an additional 488 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in STMicroelectronics by 13.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,405 shares of the semiconductor producer’s stock worth $115,000 after purchasing an additional 509 shares in the last quarter. Finally, Earnest Partners LLC lifted its holdings in STMicroelectronics by 3.2% in the 4th quarter. Earnest Partners LLC now owns 17,282 shares of the semiconductor producer’s stock worth $448,000 after purchasing an additional 534 shares in the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

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.