STMicroelectronics (NYSE:STM) Shares Up 1.2% – Should You Buy?

Shares of STMicroelectronics N.V. (NYSE:STM) traded up 1.2% on Friday . The company traded as high as $56.42 and last traded at $55.7990. 8,051,691 shares were traded 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

A number of brokerages have commented on STM. Susquehanna boosted their target price on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, February 23rd. Mizuho set a $48.00 price objective on shares of STMicroelectronics and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Weiss Ratings upgraded shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Robert W. Baird set a $90.00 target price on shares of STMicroelectronics in a research report on Friday, April 24th. Finally, Citigroup restated a “buy” rating on shares of STMicroelectronics in a research note on Sunday, April 26th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $49.07.

STMicroelectronics Price Performance

The firm has a market cap of $50.12 billion, a PE ratio of 348.77 and a beta of 1.88. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $37.34 and a two-hundred day moving average price of $30.57.

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

Institutional Investors Weigh In On STMicroelectronics

Institutional investors and hedge funds have recently made changes to their positions in the stock. Portus Wealth Advisors LLC acquired a new position in shares of STMicroelectronics in the 1st quarter valued at $32,000. CIBC Private Wealth Group LLC raised its stake in STMicroelectronics by 3,746.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after acquiring an additional 974 shares during the last quarter. Abound Wealth Management acquired a new stake in STMicroelectronics during the 4th quarter worth about $26,000. Peterson Wealth Services grew its stake in STMicroelectronics by 3,086.5% during the 3rd 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 last quarter. Finally, Advisory Services Network LLC purchased a new stake in STMicroelectronics during the 3rd quarter valued at about $52,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

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.