STMicroelectronics Target of Unusually High Options Trading (NYSE:STM)

STMicroelectronics N.V. (NYSE:STMGet 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.

STMicroelectronics (NYSE:STMGet Free Report) last issued its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 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. Equities analysts predict that STMicroelectronics will post 1.17 EPS for the current year.

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.

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About STMicroelectronics

(Get Free Report)

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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