STMicroelectronics (NYSE:STM) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

STMicroelectronics N.V. (NYSE:STM)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $26.99 and traded as high as $28.91. STMicroelectronics shares last traded at $28.85, with a volume of 7,174,373 shares traded.

Analyst Ratings Changes

STM has been the topic of a number of recent research reports. Cowen restated a “hold” rating on shares of STMicroelectronics in a research note on Friday, October 24th. Mizuho set a $28.00 target price on shares of STMicroelectronics in a report on Friday. Robert W. Baird set a $45.00 price target on shares of STMicroelectronics in a report on Friday, October 24th. TD Cowen decreased their price objective on shares of STMicroelectronics from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, October 24th. Finally, Weiss Ratings downgraded STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, STMicroelectronics presently has an average rating of “Hold” and a consensus target price of $31.19.

STMicroelectronics Stock Up 2.9%

The company has a market capitalization of $25.91 billion, a price-to-earnings ratio of 49.74, a P/E/G ratio of 3.59 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.22 and a quick ratio of 2.28. The firm’s fifty day moving average price is $25.00 and its 200-day moving average price is $26.96.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data 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. Sell-side analysts expect that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of STMicroelectronics

Institutional investors have recently modified their holdings of the business. Calamos Advisors LLC bought a new position in shares of STMicroelectronics during the 3rd quarter worth about $3,222,000. Greenland Capital Management LP acquired a new stake in STMicroelectronics in the second quarter valued at approximately $4,375,000. West Family Investments Inc. bought a new stake in shares of STMicroelectronics during the second quarter valued at approximately $391,000. JPMorgan Chase & Co. raised its position in shares of STMicroelectronics by 6.8% during the second quarter. JPMorgan Chase & Co. now owns 3,349,547 shares of the semiconductor producer’s stock worth $101,860,000 after purchasing an additional 212,499 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in shares of STMicroelectronics in the 2nd quarter worth $341,000. 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.