STMicroelectronics N.V. (NYSE:STM – Get Free Report) saw some unusual options trading on Friday. Stock traders bought 26,579 call options on the company. This represents an increase of 42% compared to the typical volume of 18,704 call options.
Institutional Trading of STMicroelectronics
Large investors have recently made changes to their positions in the business. Maxi Investments CY Ltd acquired a new stake in STMicroelectronics during the 4th quarter worth about $2,335,000. M&T Bank Corp boosted its stake in shares of STMicroelectronics by 243.1% during the 4th quarter. M&T Bank Corp now owns 33,299 shares of the semiconductor producer’s stock worth $864,000 after acquiring an additional 23,593 shares in the last quarter. Diversified Management Inc. acquired a new stake in shares of STMicroelectronics during the 4th quarter valued at about $648,000. Analog Century Management LP increased its stake in shares of STMicroelectronics by 27.4% in the 3rd quarter. Analog Century Management LP now owns 2,780,953 shares of the semiconductor producer’s stock valued at $78,590,000 after purchasing an additional 598,550 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in STMicroelectronics during the third quarter worth approximately $3,152,000. 5.05% of the stock is owned by hedge funds and other institutional investors.
STMicroelectronics Trading Down 4.7%
Shares of NYSE:STM opened at $71.37 on Friday. STMicroelectronics has a 52-week low of $21.11 and a 52-week high of $81.42. The stock has a market cap of $64.11 billion, a price-to-earnings ratio of 446.12 and a beta of 1.94. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $64.70 and a 200-day moving average price of $42.74.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on STM shares. Citigroup restated a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Morgan Stanley reiterated an “overweight” rating on shares of STMicroelectronics in a research note on Thursday, May 28th. UBS Group set a $100.00 target price on shares of STMicroelectronics in a research report on Wednesday, June 10th. Craig Hallum upgraded 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, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of STMicroelectronics in a report on Thursday, June 11th. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $64.39.
Get Our Latest Stock Report on STM
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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