STMicroelectronics N.V. (NYSE:STM – Get Free Report) rose 1.2% on Thursday . The company traded as high as $65.99 and last traded at $65.7310. Approximately 7,602,703 shares changed hands during trading, a decline of 21% from the average daily volume of 9,571,477 shares. The stock had previously closed at $64.93.
Analyst Ratings Changes
A number of equities analysts recently weighed in on STM shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a report on Friday, May 15th. Morgan Stanley raised STMicroelectronics from an “equal weight” rating to an “overweight” rating in a report on Thursday, March 26th. 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 on the stock in a research note on Thursday, April 23rd. Finally, Robert W. Baird set a $90.00 price target on shares of STMicroelectronics in a research note on Friday, April 24th. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, STMicroelectronics currently has an average rating of “Moderate Buy” and a consensus price target of $51.93.
Get Our Latest Analysis on STM
STMicroelectronics Stock Performance
STMicroelectronics (NYSE:STM – Get Free Report) last released 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 for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%. Analysts expect that STMicroelectronics N.V. will post 1.09 earnings per share for the current year.
Hedge Funds Weigh In On STMicroelectronics
A number of large investors have recently bought and sold shares of the stock. Abound Wealth Management purchased a new position in shares of STMicroelectronics in the fourth quarter worth $26,000. CIBC Private Wealth Group LLC increased its stake in shares of STMicroelectronics by 3,746.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after buying an additional 974 shares during the period. Portus Wealth Advisors LLC purchased a new position in shares of STMicroelectronics in the first quarter valued at about $32,000. Peterson Wealth Services increased its position in shares of STMicroelectronics by 3,086.5% in the third quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock valued at $33,000 after acquiring an additional 1,142 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of STMicroelectronics in the first quarter valued at about $45,000. 5.05% of the stock is 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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