STMicroelectronics (NYSE:STM) Shares Up 1.2% - What's Next?

Key Points

• Shares of STMicroelectronics (NYSE:STM) rose about 1.2% to roughly $55.80 intraday with volume down ~13% versus the average; the stock has a market cap near $50.1B, a stretched P/E of ~348.8, and 50-/200-day moving averages of $37.34 and $30.56 respectively.
• Analysts collectively rate the stock a Moderate Buy (10 Buys, 2 Holds, 1 Sell) with a consensus target of $49.07, though several firms have set higher targets (e.g., Robert W. Baird $90, Craig Hallum $58) and some recent upgrades have been issued.
• Recent fundamentals: ST reported $0.13 EPS on $3.10B revenue for the quarter, with a net margin of 1.19% and ROE of 3.01%; analysts expect about $1.09 EPS for the current fiscal year.

STMicroelectronics N.V. (NYSE:STM - Get Free Report)'s share price shot up 1.2% on Friday . The stock traded as high as $56.42 and last traded at $55.7990. 8,051,691 shares were traded during mid-day trading, a decline of 13% from the average session volume of 9,256,563 shares. The stock had previously closed at $55.14.

Analyst Ratings Changes

Several research firms have weighed in on STM. TD Cowen reissued a "hold" rating on shares of STMicroelectronics in a research note on Friday, April 24th. Robert W. Baird set a $90.00 price target on shares of STMicroelectronics in a research note on Friday, April 24th. Citigroup reissued a "buy" rating on shares of STMicroelectronics in a research note on Sunday, April 26th. Craig Hallum raised shares of STMicroelectronics from a "hold" rating to a "buy" rating and set a $58.00 price target for the company in a research note on Thursday, April 23rd. Finally, Morgan Stanley raised shares of STMicroelectronics from an "equal weight" rating to an "overweight" rating in a research note on Thursday, March 26th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.07.

STMicroelectronics Trading Up 1.2%

The stock has a market capitalization of $50.12 billion, a P/E ratio of 348.77 and a beta of 1.51. The firm's 50 day moving average price is $37.34 and its 200 day moving average price is $30.56. 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 - Get Free Report) last issued 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 research analysts expect that STMicroelectronics N.V. will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of STMicroelectronics

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Inspire Investing LLC lifted its holdings in shares of STMicroelectronics by 5.0% during the 1st quarter. Inspire Investing LLC now owns 10,261 shares of the semiconductor producer's stock valued at $355,000 after purchasing an additional 488 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of STMicroelectronics by 13.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,405 shares of the semiconductor producer's stock valued at $115,000 after purchasing an additional 509 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of STMicroelectronics by 3.2% during the 4th quarter. Earnest Partners LLC now owns 17,282 shares of the semiconductor producer's stock valued at $448,000 after purchasing an additional 534 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of STMicroelectronics by 2.5% during the 3rd quarter. Vident Advisory LLC now owns 23,196 shares of the semiconductor producer's stock valued at $656,000 after purchasing an additional 573 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of STMicroelectronics by 3.4% during the 3rd quarter. Signaturefd LLC now owns 20,598 shares of the semiconductor producer's stock valued at $582,000 after purchasing an additional 677 shares in the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

STMicroelectronics Company Profile

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.

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