STMicroelectronics N.V. (NYSE:STM) Short Interest Update

STMicroelectronics N.V. (NYSE:STM) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 11,884,551 shares, a decline of 19.4% from the January 29th total of 14,738,458 shares. Based on an average daily volume of 11,634,004 shares, the short-interest ratio is currently 1.0 days. Currently, 1.3% of the company’s stock are sold short. Currently, 1.3% of the company’s stock are sold short. Based on an average daily volume of 11,634,004 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On STMicroelectronics

Institutional investors have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC grew its position in STMicroelectronics by 3,746.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock valued at $26,000 after purchasing an additional 974 shares during the period. Abound Wealth Management bought a new position in shares of STMicroelectronics in the fourth quarter valued at approximately $26,000. Peterson Wealth Services boosted its holdings in shares of STMicroelectronics by 3,086.5% in the 3rd quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock worth $33,000 after buying an additional 1,142 shares during the last quarter. Rothschild Investment LLC boosted its position in STMicroelectronics by 248.4% during the second quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock worth $40,000 after purchasing an additional 929 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of STMicroelectronics in the third quarter worth about $52,000. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

NYSE:STM traded down $1.83 during mid-day trading on Tuesday, hitting $31.65. The stock had a trading volume of 8,313,672 shares, compared to its average volume of 8,026,290. STMicroelectronics has a twelve month low of $17.25 and a twelve month high of $35.07. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.43 and a current ratio of 3.36. The stock has a market cap of $28.43 billion, a price-to-earnings ratio of 175.84 and a beta of 1.59. The company’s 50 day simple moving average is $29.80 and its 200 day simple moving average is $27.40.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data on Thursday, January 29th. The semiconductor producer reported $0.11 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.16). The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.29 billion. STMicroelectronics had a net margin of 1.41% and a return on equity of 2.70%. On average, equities research analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Susquehanna increased 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. Weiss Ratings raised STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 20th. Finally, Mizuho set a $28.00 price target on STMicroelectronics in a research report on Friday, January 9th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.93.

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.