STMicroelectronics (NYSE:STM) Trading Up 2% – Should You Buy?

STMicroelectronics N.V. (NYSE:STM)’s stock price was up 2% on Friday . The stock traded as high as $68.14 and last traded at $66.9880. Approximately 7,539,156 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 9,557,570 shares. The stock had previously closed at $65.66.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on STM shares. Mizuho increased their price objective on shares of STMicroelectronics from $56.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Morgan Stanley upgraded shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research note on Thursday, March 26th. Robert W. Baird set a $90.00 price objective on shares of STMicroelectronics in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a research note on Friday, May 15th. Finally, 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. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, STMicroelectronics presently has a consensus rating of “Moderate Buy” and an average price target of $51.93.

STMicroelectronics Stock Up 2.0%

The company’s 50 day moving average price is $45.13 and its two-hundred day moving average price is $33.91. The stock has a market cap of $60.17 billion, a P/E ratio of 418.70 and a beta of 1.89. 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:STM) last released its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $3.10 billion during the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. Equities analysts forecast that STMicroelectronics N.V. will post 1.09 earnings per share for the current year.

Institutional Investors Weigh In On STMicroelectronics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ABC Arbitrage SA increased its holdings in STMicroelectronics by 378.6% in the 3rd quarter. ABC Arbitrage SA now owns 620,238 shares of the semiconductor producer’s stock worth $17,528,000 after acquiring an additional 490,652 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in STMicroelectronics by 19.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,990,874 shares of the semiconductor producer’s stock worth $112,782,000 after acquiring an additional 641,327 shares in the last quarter. Ingalls & Snyder LLC increased its holdings in STMicroelectronics by 38.1% in the 3rd quarter. Ingalls & Snyder LLC now owns 337,427 shares of the semiconductor producer’s stock worth $9,536,000 after acquiring an additional 93,111 shares in the last quarter. Penserra Capital Management LLC increased its holdings in STMicroelectronics by 43.4% in the 3rd quarter. Penserra Capital Management LLC now owns 927,695 shares of the semiconductor producer’s stock worth $26,216,000 after acquiring an additional 280,615 shares in the last quarter. Finally, Maxi Investments CY Ltd purchased a new stake in STMicroelectronics in the 4th quarter worth approximately $2,335,000. 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.