Shares of STMicroelectronics N.V. (NYSE:STM – Get Free Report) shot up 5.9% on Tuesday . The company traded as high as $71.07 and last traded at $70.81. 15,049,371 shares were traded during trading, an increase of 56% from the average session volume of 9,617,446 shares. The stock had previously closed at $66.86.
Analyst Ratings Changes
A number of research firms have recently weighed in on STM. 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 report on Thursday, April 23rd. Robert W. Baird set a $90.00 price target on shares of STMicroelectronics in a research report on Friday, April 24th. TD Cowen reissued a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. Weiss Ratings cut STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a research note on Friday, May 15th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, STMicroelectronics has an average rating of “Moderate Buy” and an average price target of $51.93.
Check Out Our Latest Analysis on STMicroelectronics
STMicroelectronics Price Performance
STMicroelectronics (NYSE:STM – Get Free Report) last announced its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%.The firm had revenue of $3.10 billion for the quarter. Sell-side analysts predict that STMicroelectronics N.V. will post 1.09 EPS for the current year.
Institutional Investors Weigh In On STMicroelectronics
Hedge funds have recently added to or reduced their stakes in the stock. Portus Wealth Advisors LLC bought a new stake in STMicroelectronics in the first quarter valued at $32,000. CIBC Private Wealth Group LLC lifted its stake in 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 valued at $26,000 after buying an additional 974 shares during the last quarter. Abound Wealth Management bought a new stake in STMicroelectronics in the fourth quarter valued at $26,000. Peterson Wealth Services lifted its stake in 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 buying an additional 1,142 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in STMicroelectronics in the first quarter valued at $45,000. 5.05% of the stock is currently owned by institutional investors.
About STMicroelectronics
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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