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

STMicroelectronics N.V. (NYSE:STM) saw a significant growth in short interest in 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 company’s stock are sold short. Based on an average daily trading volume, of 6,930,849 shares, the short-interest ratio is presently 2.1 days. Based on an average daily trading volume, of 6,930,849 shares, the short-interest ratio is presently 2.1 days. Currently, 1.6% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of research firms have weighed in on STM. Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a research report on Thursday, September 4th. BNP Paribas raised shares of STMicroelectronics from a “hold” rating to an “outperform” rating in a research report on Thursday, September 4th. Susquehanna lifted their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Weiss Ratings downgraded shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Finally, Mizuho set a $26.00 price objective on STMicroelectronics in a report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, STMicroelectronics currently has an average rating of “Hold” and an average price target of $30.94.

STMicroelectronics Stock Performance

Shares of STM traded up $0.08 during mid-day trading on Friday, reaching $26.20. The company’s stock had a trading volume of 2,129,898 shares, compared to its average volume of 5,592,581. The company has a current ratio of 3.22, a quick ratio of 2.28 and a debt-to-equity ratio of 0.11. STMicroelectronics has a 1-year low of $17.25 and a 1-year high of $33.47. The business has a 50-day simple moving average of $24.81 and a two-hundred day simple moving average of $27.12. The stock has a market cap of $23.53 billion, a P/E ratio of 45.16, a PEG ratio of 4.87 and a beta of 1.56.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Wednesday, November 5th. The semiconductor producer reported $0.29 earnings per share for the quarter. STMicroelectronics had a return on equity of 4.06% and a net margin of 4.55%.The business had revenue of $3.19 billion for the quarter. As a group, equities research analysts anticipate that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Van ECK Associates Corp boosted its holdings in shares of STMicroelectronics by 11.3% during the third quarter. Van ECK Associates Corp now owns 9,387,002 shares of the semiconductor producer’s stock worth $265,277,000 after acquiring an additional 955,243 shares during the period. Acadian Asset Management LLC lifted its holdings in STMicroelectronics by 148.4% during the 1st quarter. Acadian Asset Management LLC now owns 5,650,244 shares of the semiconductor producer’s stock worth $124,055,000 after purchasing an additional 3,375,428 shares during the last quarter. Bank of America Corp DE boosted its stake in STMicroelectronics by 43.9% in the 2nd quarter. Bank of America Corp DE now owns 4,348,569 shares of the semiconductor producer’s stock valued at $132,240,000 after purchasing an additional 1,326,020 shares during the period. Invesco Ltd. grew its holdings in STMicroelectronics by 67.1% in the 3rd quarter. Invesco Ltd. now owns 4,003,933 shares of the semiconductor producer’s stock valued at $113,151,000 after buying an additional 1,608,029 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in STMicroelectronics by 19.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,990,874 shares of the semiconductor producer’s stock worth $112,782,000 after buying an additional 641,327 shares during the period. 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.