STMicroelectronics (NYSE:STM) Shares Up 5.9% – Should You Buy?

Shares of STMicroelectronics N.V. (NYSE:STM) were up 5.9% during mid-day trading on Tuesday . The company traded as high as $71.07 and last traded at $70.81. Approximately 15,049,371 shares changed hands during mid-day trading, an increase of 56% from the average daily volume of 9,617,446 shares. The stock had previously closed at $66.86.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on STM shares. Morgan Stanley upgraded STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research note on Thursday, March 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a research note on Friday, May 15th. Robert W. Baird set a $90.00 target price on STMicroelectronics in a research note on Friday, April 24th. Susquehanna lifted their price objective on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research note on Monday, February 23rd. Finally, Citigroup restated a “buy” rating on shares of STMicroelectronics in a research note on Sunday, April 26th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $51.93.

STMicroelectronics Trading Up 5.9%

The business’s 50 day moving average is $45.80 and its two-hundred day moving average is $34.28. The firm has a market capitalization of $63.60 billion, a P/E ratio of 442.59 and a beta of 1.89. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STM) last released its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $3.10 billion for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%. Analysts expect that STMicroelectronics N.V. will post 1.09 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Midwest Trust Co grew its holdings in STMicroelectronics by 0.8% during the first quarter. Midwest Trust Co now owns 54,447 shares of the semiconductor producer’s stock worth $1,881,000 after acquiring an additional 406 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in STMicroelectronics by 5.0% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,062 shares of the semiconductor producer’s stock worth $348,000 after acquiring an additional 479 shares during the period. Inspire Investing LLC grew its holdings in STMicroelectronics by 5.0% during the first quarter. Inspire Investing LLC now owns 10,261 shares of the semiconductor producer’s stock worth $355,000 after acquiring an additional 488 shares during the period. Smartleaf Asset Management LLC grew its holdings in STMicroelectronics by 13.1% during the fourth 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 during the period. Finally, Earnest Partners LLC grew its holdings in STMicroelectronics by 3.2% during the fourth quarter. Earnest Partners LLC now owns 17,282 shares of the semiconductor producer’s stock worth $448,000 after acquiring an additional 534 shares during the period. 5.05% of the stock is owned by institutional investors and hedge funds.

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.