STMicroelectronics N.V. (NYSE:STM – Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Stock traders acquired 16,746 call options on the stock. This is an increase of 50% compared to the average volume of 11,169 call options.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Robert W. Baird set a $90.00 target price on STMicroelectronics in a research report on Friday, April 24th. Mizuho set a $48.00 price target on STMicroelectronics and gave the company an “outperform” rating in a research note on Thursday, April 16th. Morgan Stanley raised STMicroelectronics from an “equal weight” rating to an “overweight” rating in a report on Thursday, March 26th. TD Cowen reissued a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. Finally, Susquehanna boosted their target price on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research report on Monday, February 23rd. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.07.
Check Out Our Latest Research Report on STM
STMicroelectronics Price Performance
STMicroelectronics (NYSE:STM – Get Free Report) last released its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share 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 during the quarter. As a group, equities research analysts predict that STMicroelectronics will post 1.09 EPS for the current fiscal year.
Institutional Trading of STMicroelectronics
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barometer Capital Management Inc. bought a new stake in shares of STMicroelectronics in the 1st quarter valued at $1,741,000. XY Capital Ltd acquired a new stake in shares of STMicroelectronics during the first quarter worth $363,000. PNC Financial Services Group Inc. raised its position in shares of STMicroelectronics by 65.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 228,674 shares of the semiconductor producer’s stock worth $7,901,000 after acquiring an additional 90,330 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of STMicroelectronics by 47.5% in the 1st quarter. Parallel Advisors LLC now owns 7,454 shares of the semiconductor producer’s stock valued at $258,000 after purchasing an additional 2,399 shares during the period. Finally, Trivest Advisors Ltd acquired a new position in shares of STMicroelectronics in the 1st quarter valued at about $2,037,000. Institutional investors and hedge funds own 5.05% of the company’s stock.
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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