STMicroelectronics (NYSE:STM) Shares Up 4% – What’s Next?

STMicroelectronics N.V. (NYSE:STM)’s share price rose 4% during trading on Thursday . The company traded as high as $75.87 and last traded at $74.7220. Approximately 10,996,370 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 10,363,470 shares. The stock had previously closed at $71.84.

Analyst Ratings Changes

Several equities analysts have weighed in on STM shares. Craig Hallum upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Thursday, April 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of STMicroelectronics in a research report on Thursday, May 28th. Mizuho lifted their price target on STMicroelectronics from $68.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Citigroup reiterated a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Finally, TD Cowen reissued a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. Eleven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.39.

STMicroelectronics Stock Performance

The firm’s fifty day moving average is $63.41 and its 200 day moving average is $42.20. The firm has a market capitalization of $67.11 billion, a price-to-earnings ratio of 467.04 and a beta of 1.94. 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 quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. The firm had revenue of $3.10 billion for the quarter. On average, analysts predict that STMicroelectronics N.V. will post 1.17 EPS for the current fiscal year.

Hedge Funds Weigh In On STMicroelectronics

A number of hedge funds have recently modified their holdings of STM. Maxi Investments CY Ltd purchased a new position in STMicroelectronics in the fourth quarter valued at about $2,335,000. M&T Bank Corp raised its stake in shares of STMicroelectronics by 243.1% during the 4th quarter. M&T Bank Corp now owns 33,299 shares of the semiconductor producer’s stock worth $864,000 after purchasing an additional 23,593 shares in the last quarter. Diversified Management Inc. acquired a new stake in shares of STMicroelectronics during the 4th quarter valued at about $648,000. Analog Century Management LP lifted its holdings in shares of STMicroelectronics by 27.4% during the 3rd quarter. Analog Century Management LP now owns 2,780,953 shares of the semiconductor producer’s stock valued at $78,590,000 after buying an additional 598,550 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of STMicroelectronics in the 3rd quarter valued at approximately $3,152,000. 5.05% of the stock is 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.