STMicroelectronics (NYSE:STM) Trading 4.9% Higher – Here’s Why

Shares of STMicroelectronics N.V. (NYSE:STM) traded up 4.9% during trading on Thursday . The stock traded as high as $55.31 and last traded at $55.2630. 14,982,427 shares changed hands during mid-day trading, an increase of 62% from the average session volume of 9,266,764 shares. The stock had previously closed at $52.67.

Analyst Ratings Changes

Several research analysts recently commented on the company. Weiss Ratings raised STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. TD Cowen reissued a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. Morgan Stanley raised STMicroelectronics from an “equal weight” rating to an “overweight” rating in a report on Thursday, March 26th. Craig Hallum raised STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Thursday, April 23rd. Finally, Citigroup reissued a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Ten 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.07.

STMicroelectronics Stock Performance

The company has a market capitalization of $50.12 billion, a P/E ratio of 348.77 and a beta of 1.88. The stock has a fifty day simple moving average of $37.34 and a 200-day simple moving average of $30.56. 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 released its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%.The business had revenue of $3.10 billion during the quarter. Equities analysts forecast that STMicroelectronics N.V. will post 1.09 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Midwest Trust Co raised its holdings in shares of STMicroelectronics by 0.8% in the first quarter. Midwest Trust Co now owns 54,447 shares of the semiconductor producer’s stock valued at $1,881,000 after buying an additional 406 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of STMicroelectronics by 5.0% in the first quarter. Inspire Investing LLC now owns 10,261 shares of the semiconductor producer’s stock valued at $355,000 after buying an additional 488 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of STMicroelectronics by 13.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,405 shares of the semiconductor producer’s stock valued at $115,000 after buying an additional 509 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of STMicroelectronics by 3.2% in the fourth quarter. Earnest Partners LLC now owns 17,282 shares of the semiconductor producer’s stock valued at $448,000 after buying an additional 534 shares during the last quarter. Finally, Vident Advisory LLC raised its holdings in shares of STMicroelectronics by 2.5% in the third quarter. Vident Advisory LLC now owns 23,196 shares of the semiconductor producer’s stock valued at $656,000 after buying an additional 573 shares during the last quarter. 5.05% of the stock is owned by institutional investors.

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.