STMicroelectronics (NYSE:STM) Stock Price Up 4.5% on Analyst Upgrade

STMicroelectronics N.V. (NYSE:STM) shares rose 4.5% during mid-day trading on Monday after Barclays upgraded the stock from an underweight rating to an equal weight rating. The stock traded as high as $74.83 and last traded at $74.6260. Approximately 9,984,066 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 10,340,122 shares. The stock had previously closed at $71.42.

Several other brokerages have also issued reports on STM. Robert W. Baird set a $90.00 target price on shares of STMicroelectronics in a research report on Friday, April 24th. Bank of America upgraded STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Wednesday, June 10th. Weiss Ratings upgraded STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. TD Cowen reaffirmed a “hold” rating on shares of STMicroelectronics in a research note on Friday, April 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of STMicroelectronics in a research note on Thursday, May 28th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.39.

Institutional Investors Weigh In On STMicroelectronics

Institutional investors and hedge funds have recently bought and sold shares of the stock. Midwest Trust Co lifted its holdings in shares of STMicroelectronics by 0.8% in the 1st quarter. Midwest Trust Co now owns 54,447 shares of the semiconductor producer’s stock valued at $1,881,000 after purchasing an additional 406 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in STMicroelectronics by 5.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,062 shares of the semiconductor producer’s stock valued at $348,000 after buying an additional 479 shares during the last quarter. Inspire Investing LLC increased its stake in shares of STMicroelectronics by 5.0% during the first quarter. Inspire Investing LLC now owns 10,261 shares of the semiconductor producer’s stock worth $355,000 after acquiring an additional 488 shares during the period. Smartleaf Asset Management LLC increased its position in STMicroelectronics by 13.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,405 shares of the semiconductor producer’s stock worth $115,000 after purchasing an additional 509 shares during the period. Finally, Earnest Partners LLC grew its holdings in STMicroelectronics by 3.2% during the fourth quarter. Earnest Partners LLC now owns 17,282 shares of the semiconductor producer’s stock worth $448,000 after acquiring an additional 534 shares during the period. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Stock Performance

The company has a market capitalization of $67.03 billion, a PE ratio of 466.44 and a beta of 1.94. The stock’s fifty day simple moving average is $64.70 and its 200-day simple moving average is $42.86. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $3.10 billion during the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%. On average, research analysts predict that STMicroelectronics N.V. will post 1.17 earnings per share for the current fiscal year.

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.