STMicroelectronics (NYSE:STM) Hits New 52-Week High – Here’s Why

STMicroelectronics N.V. (NYSE:STM) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $59.41 and last traded at $58.6780, with a volume of 2472860 shares trading hands. The stock had previously closed at $59.17.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. TD Cowen reissued a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. Mizuho set a $48.00 price target on shares of STMicroelectronics and gave the stock an “outperform” rating in a report on Thursday, April 16th. Susquehanna boosted their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, February 23rd. Robert W. Baird set a $90.00 price target on shares of STMicroelectronics in a report on Friday, April 24th. Finally, Morgan Stanley raised shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a report on Thursday, March 26th. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.07.

STMicroelectronics Price Performance

The firm has a market cap of $54.04 billion, a PE ratio of 376.09 and a beta of 1.89. The stock’s fifty day moving average price is $38.73 and its 200-day moving average price is $31.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34.

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. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. The business had revenue of $3.10 billion during the quarter. As a group, equities analysts expect that STMicroelectronics N.V. will post 1.09 EPS for the current fiscal year.

Institutional Investors Weigh In On STMicroelectronics

Large investors have recently modified their holdings of the business. Portus Wealth Advisors LLC purchased a new stake in shares of STMicroelectronics during the first quarter worth $32,000. CIBC Private Wealth Group LLC grew its holdings in shares of STMicroelectronics by 3,746.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after buying an additional 974 shares in the last quarter. Abound Wealth Management purchased a new stake in shares of STMicroelectronics in the fourth quarter valued at about $26,000. Peterson Wealth Services grew its holdings in shares of STMicroelectronics by 3,086.5% in the third quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock valued at $33,000 after purchasing an additional 1,142 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of STMicroelectronics in the third quarter valued at about $52,000. Hedge funds and other institutional investors 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.