STMicroelectronics (NYSE:STM) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• STMicroelectronics stock crossed above its 200‑day moving average, trading as high as $34.39 and last at $34.2960 on volume of 7,347,583 shares while the 200‑day average sits at $28.42.
• Analysts are mixed: Morgan Stanley upgraded to Overweight and Susquehanna raised its target to $40, but Weiss Ratings cut to Sell; the MarketBeat consensus remains a Hold with a $31.93 target.
• Financials show a $30.8 billion market cap and a high PE of 190.54 with strong liquidity (current ratio 3.36), while last quarter's EPS of $0.11 missed estimates even as revenue slightly exceeded expectations.

STMicroelectronics N.V. (NYSE:STM - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $28.42 and traded as high as $34.39. STMicroelectronics shares last traded at $34.2960, with a volume of 7,347,583 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Morgan Stanley upgraded shares of STMicroelectronics from an "equal weight" rating to an "overweight" rating in a research report on Thursday, March 26th. Mizuho set a $28.00 price objective on shares of STMicroelectronics in a report on Friday, January 9th. Weiss Ratings cut shares of STMicroelectronics from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, March 6th. Finally, Susquehanna boosted their target price on STMicroelectronics from $35.00 to $40.00 and gave the company a "positive" rating in a research report on Monday, February 23rd. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $31.93.

STMicroelectronics Stock Down 0.6%

The company has a market capitalization of $30.80 billion, a PE ratio of 190.54 and a beta of 1.51. The company has a current ratio of 3.36, a quick ratio of 2.43 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average of $32.32 and a 200 day moving average of $28.42.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings results on Friday, January 30th. The semiconductor producer reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.16). STMicroelectronics had a return on equity of 2.70% and a net margin of 1.41%.The business had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $3.29 billion. Equities research analysts anticipate that STMicroelectronics N.V. will post 0.85 EPS for the current year.

Hedge Funds Weigh In On STMicroelectronics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STM. Hsbc Holdings PLC increased its position in shares of STMicroelectronics by 28.8% during the fourth quarter. Hsbc Holdings PLC now owns 27,168 shares of the semiconductor producer's stock worth $709,000 after acquiring an additional 6,073 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in STMicroelectronics by 6.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 33,863 shares of the semiconductor producer's stock valued at $878,000 after purchasing an additional 2,096 shares during the period. Invesco Ltd. grew its stake in STMicroelectronics by 29.9% during the 4th quarter. Invesco Ltd. now owns 5,199,951 shares of the semiconductor producer's stock worth $134,887,000 after purchasing an additional 1,196,018 shares in the last quarter. Mackenzie Financial Corp grew its stake in STMicroelectronics by 12.1% during the 4th quarter. Mackenzie Financial Corp now owns 558,730 shares of the semiconductor producer's stock worth $14,532,000 after purchasing an additional 60,418 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in STMicroelectronics by 16.6% during the 4th quarter. Empowered Funds LLC now owns 24,763 shares of the semiconductor producer's stock worth $642,000 after purchasing an additional 3,521 shares during the period. 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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