STMicroelectronics (NYSE:STM) Shares Up 1.2% – What’s Next?

STMicroelectronics N.V. (NYSE:STM)’s stock price traded up 1.2% on Friday . The stock traded as high as $56.42 and last traded at $55.7990. 8,051,691 shares traded hands during trading, a decline of 13% from the average session volume of 9,256,563 shares. The stock had previously closed at $55.14.

Analyst Upgrades and Downgrades

STM has been the topic of a number of recent research reports. Robert W. Baird set a $90.00 target price on STMicroelectronics in a research report on Friday, April 24th. 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. Mizuho set a $48.00 target price on STMicroelectronics and gave the company an “outperform” rating in a research report on Thursday, April 16th. Finally, Morgan Stanley raised STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research report on Thursday, March 26th. Ten equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, STMicroelectronics has an average rating of “Moderate Buy” and a consensus target price of $49.07.

STMicroelectronics Price Performance

The stock has a market cap of $50.12 billion, a price-to-earnings ratio of 348.77 and a beta of 1.51. The company has a 50-day simple moving average of $37.34 and a two-hundred day simple moving average of $30.56. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.34 and a current ratio of 3.31.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Amundi acquired a new position in shares of STMicroelectronics during the 1st quarter worth approximately $947,000. AQR Capital Management LLC increased its holdings in shares of STMicroelectronics by 182.8% during the 1st quarter. AQR Capital Management LLC now owns 32,094 shares of the semiconductor producer’s stock worth $705,000 after acquiring an additional 20,745 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of STMicroelectronics during the 2nd quarter worth approximately $119,000. M&T Bank Corp acquired a new position in shares of STMicroelectronics during the 2nd quarter worth approximately $303,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of STMicroelectronics by 79.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,883 shares of the semiconductor producer’s stock worth $148,000 after acquiring an additional 2,156 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

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.