STMicroelectronics N.V. (NYSE:STM) Sees Large Increase in Short Interest

STMicroelectronics N.V. (NYSE:STM) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 14,332,649 shares, a growth of 104.3% from the November 30th total of 7,015,107 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 6,930,849 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily trading volume, of 6,930,849 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.6% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Barclays reissued an “underweight” rating on shares of STMicroelectronics in a research note on Tuesday, September 16th. Susquehanna boosted their target price on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. TD Cowen cut their price target on STMicroelectronics from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, October 24th. BNP Paribas Exane upgraded shares of STMicroelectronics from a “neutral” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Thursday, September 4th. Finally, Robert W. Baird set a $45.00 price target on shares of STMicroelectronics in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $30.94.

Institutional Trading of STMicroelectronics

Several institutional investors have recently modified their holdings of the company. Peterson Wealth Services boosted its stake in STMicroelectronics by 3,086.5% in the third quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock worth $33,000 after purchasing an additional 1,142 shares in the last quarter. Rothschild Investment LLC increased its holdings in shares of STMicroelectronics by 248.4% in the second quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock worth $40,000 after acquiring an additional 929 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of STMicroelectronics by 63.1% during the first quarter. Smartleaf Asset Management LLC now owns 2,167 shares of the semiconductor producer’s stock worth $48,000 after purchasing an additional 838 shares during the period. Advisory Services Network LLC bought a new position in shares of STMicroelectronics during the 3rd quarter valued at about $52,000. Finally, AlphaCore Capital LLC bought a new stake in shares of STMicroelectronics during the second quarter worth $57,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Price Performance

STM traded down $0.20 during trading on Monday, reaching $26.04. 938,920 shares of the company traded hands, compared to its average volume of 6,980,203. The company has a market cap of $23.39 billion, a P/E ratio of 44.97, a PEG ratio of 4.89 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.28 and a current ratio of 3.22. STMicroelectronics has a 12-month low of $17.25 and a 12-month high of $33.47. The firm has a fifty day simple moving average of $24.81 and a 200 day simple moving average of $27.08.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Wednesday, November 5th. The semiconductor producer reported $0.29 earnings per share (EPS) for the quarter. The firm had revenue of $3.19 billion for the quarter. STMicroelectronics had a return on equity of 4.06% and a net margin of 4.55%. On average, equities analysts forecast that STMicroelectronics will post 0.85 EPS for the current year.

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.