STMicroelectronics (NYSE:STM) Shares Gap Up – Time to Buy?

STMicroelectronics N.V. (NYSE:STM) gapped up before the market opened on Friday . The stock had previously closed at $25.94, but opened at $27.52. STMicroelectronics shares last traded at $27.68, with a volume of 1,057,803 shares.

Analyst Ratings Changes

Several brokerages recently issued reports on STM. TD Cowen reduced their price objective on shares of STMicroelectronics from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, October 24th. BNP Paribas Exane upgraded STMicroelectronics from a “neutral” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Thursday, September 4th. Citigroup restated a “buy” rating on shares of STMicroelectronics in a report on Thursday, September 4th. Susquehanna lifted their price objective on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings downgraded STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, STMicroelectronics currently has an average rating of “Hold” and an average price target of $30.94.

STMicroelectronics Stock Up 5.4%

The firm has a market capitalization of $24.57 billion, a PE ratio of 47.42, a price-to-earnings-growth ratio of 4.84 and a beta of 1.56. The company has a current ratio of 3.22, a quick ratio of 2.28 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average of $24.58 and a two-hundred day moving average of $27.02.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Peterson Wealth Services boosted its position in shares of 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 buying an additional 1,142 shares during the period. Rothschild Investment LLC lifted its position in STMicroelectronics by 248.4% during the 2nd 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. Advisory Services Network LLC acquired a new stake in STMicroelectronics in the third quarter valued at approximately $52,000. AlphaCore Capital LLC purchased a new stake in shares of STMicroelectronics during the second quarter valued at approximately $57,000. Finally, IFP Advisors Inc lifted its position in shares of STMicroelectronics by 85.4% during the second quarter. IFP Advisors Inc now owns 2,269 shares of the semiconductor producer’s stock worth $69,000 after purchasing an additional 1,045 shares in the last quarter. 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.