STMicroelectronics Sees Unusually Large Options Volume (NYSE:STM)

STMicroelectronics N.V. (NYSE:STM) was the recipient of unusually large options trading on Friday. Stock traders bought 26,579 call options on the stock. This is an increase of 42% compared to the typical volume of 18,704 call options.

Institutional Trading of STMicroelectronics

A number of institutional investors have recently bought and sold shares of the stock. Amundi acquired a new position in STMicroelectronics during the 1st quarter valued at approximately $947,000. AQR Capital Management LLC lifted its stake in shares of STMicroelectronics by 182.8% during the first quarter. AQR Capital Management LLC now owns 32,094 shares of the semiconductor producer’s stock worth $705,000 after buying an additional 20,745 shares during the period. Legal & General Group Plc purchased a new stake in shares of STMicroelectronics during the second quarter valued at $119,000. M&T Bank Corp purchased a new stake in shares of STMicroelectronics during the second quarter valued at $303,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of STMicroelectronics by 79.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,883 shares of the semiconductor producer’s stock valued at $148,000 after acquiring an additional 2,156 shares during the period. 5.05% of the stock is currently owned by institutional investors and hedge funds.

STMicroelectronics Stock Down 4.9%

NYSE:STM traded down $3.69 during mid-day trading on Friday, hitting $71.19. 5,727,584 shares of the company’s stock traded hands, compared to its average volume of 10,322,442. The company has a fifty day moving average of $64.09 and a 200 day moving average of $42.54. 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 has a twelve month low of $21.11 and a twelve month high of $81.42. The company has a market capitalization of $63.94 billion, a P/E ratio of 444.48 and a beta of 1.94.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results 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 business had revenue of $3.10 billion during the quarter. On average, analysts forecast that STMicroelectronics will post 1.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Mizuho raised their price objective on STMicroelectronics from $68.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Robert W. Baird set a $90.00 target price on shares of STMicroelectronics in a report on Friday, April 24th. TD Cowen reissued a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. Weiss Ratings upgraded shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of STMicroelectronics in a research report on Thursday, June 11th. Eleven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, STMicroelectronics presently has an average rating of “Moderate Buy” and a consensus target price of $64.39.

STMicroelectronics Company Profile

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.