STMicroelectronics (NYSE:STM) Shares Up 1.3% - Here's Why

Key Points

• Shares of STMicroelectronics rose 1.3% to about $57.90 (intraday high $58.01) on Wednesday with ~11.98M shares traded, a 28% increase versus average, and are trading well above their 50‑day ($37.81) and 200‑day ($30.78) moving averages.
• Several firms recently upgraded the stock (e.g., Craig Hallum to Buy with a $58 target; Morgan Stanley to Overweight); overall there are 10 Buys, 2 Holds and 1 Sell, yielding a consensus rating of "Moderate Buy" and a consensus target price of $49.07.
• Key fundamentals: market cap ~$52B, PE ~96.9, Q1 revenue $3.10B and EPS $0.13, with low debt‑to‑equity (0.12) and strong liquidity (current ratio 3.31, quick ratio 2.34).

Shares of STMicroelectronics N.V. (NYSE:STM - Get Free Report) shot up 1.3% on Wednesday . The stock traded as high as $58.01 and last traded at $57.8970. 11,979,173 shares were traded during trading, an increase of 28% from the average session volume of 9,352,009 shares. The stock had previously closed at $57.18.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on STM. Craig Hallum upgraded STMicroelectronics from a "hold" rating to a "buy" rating and set a $58.00 target price for the company in a research note on Thursday, April 23rd. Susquehanna boosted their target price on STMicroelectronics from $35.00 to $40.00 and gave the stock a "positive" rating in a research note on Monday, February 23rd. Citigroup restated a "buy" rating on shares of STMicroelectronics in a research note on Sunday, April 26th. TD Cowen restated a "hold" rating on shares of STMicroelectronics in a research note on Friday, April 24th. Finally, Morgan Stanley upgraded STMicroelectronics from an "equal weight" rating to an "overweight" rating in a research note on Thursday, March 26th. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.07.

STMicroelectronics Stock Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34. The stock has a 50 day simple moving average of $37.81 and a two-hundred day simple moving average of $30.78. The company has a market cap of $52.00 billion, a PE ratio of 96.92 and a beta of 1.89.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%.The company had revenue of $3.10 billion during the quarter. Equities analysts predict that STMicroelectronics N.V. will post 1.09 EPS for the current year.

Institutional Investors Weigh In On STMicroelectronics

Several large investors have recently modified their holdings of STM. Abound Wealth Management purchased a new stake in shares of STMicroelectronics during the fourth quarter worth approximately $26,000. CIBC Private Wealth Group LLC raised its stake in shares of STMicroelectronics by 3,746.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer's stock worth $26,000 after purchasing an additional 974 shares during the last quarter. Portus Wealth Advisors LLC acquired a new position in STMicroelectronics during the first quarter worth $32,000. Peterson Wealth Services grew its holdings in STMicroelectronics by 3,086.5% during the third quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer's stock worth $33,000 after acquiring an additional 1,142 shares during the period. Finally, Advisory Services Network LLC acquired a new position in STMicroelectronics during the third quarter worth $52,000. Hedge funds and other institutional investors own 5.05% of the company's stock.

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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