STMicroelectronics (NYSE:STM) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

STMicroelectronics N.V. (NYSE:STM)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $45.69 and traded as high as $72.61. STMicroelectronics shares last traded at $71.5320, with a volume of 8,835,556 shares changing hands.

Wall Street Analysts Forecast Growth

STM has been the subject of a number of recent research reports. Zacks Research upgraded shares of STMicroelectronics from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Robert W. Baird set a $90.00 target price on shares of STMicroelectronics in a research report on Friday, April 24th. Morgan Stanley reissued an “overweight” rating on shares of STMicroelectronics in a research note on Tuesday, June 30th. Barclays raised shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research report on Monday, June 29th. Finally, Bank of America upgraded shares of STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, STMicroelectronics presently has an average rating of “Moderate Buy” and a consensus target price of $64.39.

STMicroelectronics Stock Up 0.1%

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 simple moving average of $69.39 and a two-hundred day simple moving average of $45.87. The stock has a market capitalization of $64.17 billion, a P/E ratio of 446.57 and a beta of 1.93.

STMicroelectronics (NYSE:STM) last issued 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 company had revenue of $3.10 billion during the quarter. Equities research analysts forecast that STMicroelectronics N.V. will post 1.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On STMicroelectronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STM. Legacy Wealth Asset Management LLC grew its stake in STMicroelectronics by 0.5% during the second quarter. Legacy Wealth Asset Management LLC now owns 34,613 shares of the semiconductor producer’s stock worth $2,592,000 after buying an additional 167 shares during the last quarter. Midwest Trust Co raised its stake in shares of STMicroelectronics by 0.8% in the first quarter. Midwest Trust Co now owns 54,447 shares of the semiconductor producer’s stock valued at $1,881,000 after acquiring an additional 406 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of STMicroelectronics by 5.0% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,062 shares of the semiconductor producer’s stock valued at $348,000 after acquiring an additional 479 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of STMicroelectronics by 5.0% in the 1st quarter. Inspire Investing LLC now owns 10,261 shares of the semiconductor producer’s stock worth $355,000 after acquiring an additional 488 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of STMicroelectronics by 13.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,405 shares of the semiconductor producer’s stock worth $115,000 after acquiring an additional 509 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

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.