STMicroelectronics (NYSE:STM) Stock Price Up 5.8% – Still a Buy?

STMicroelectronics N.V. (NYSE:STM) shot up 5.8% on Wednesday . The company traded as high as $53.26 and last traded at $52.7120. 17,097,242 shares traded hands during mid-day trading, an increase of 86% from the average session volume of 9,193,157 shares. The stock had previously closed at $49.81.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on STM. TD Cowen reissued a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. Citigroup reissued a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Susquehanna upped their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a report on Monday, February 23rd. Craig Hallum raised shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Thursday, April 23rd. Finally, Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, April 24th. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.07.

STMicroelectronics Trading Up 1.2%

The company has a fifty day simple moving average of $37.34 and a 200-day simple moving average of $30.56. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.12. The stock has a market cap of $50.12 billion, a price-to-earnings ratio of 348.77 and a beta of 1.88.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data 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%. On average, research analysts forecast that STMicroelectronics N.V. will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of STMicroelectronics

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Inspire Investing LLC increased its stake in shares of STMicroelectronics by 5.0% in the first quarter. Inspire Investing LLC now owns 10,261 shares of the semiconductor producer’s stock valued at $355,000 after buying an additional 488 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of STMicroelectronics by 13.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,405 shares of the semiconductor producer’s stock valued at $115,000 after buying an additional 509 shares in the last quarter. Earnest Partners LLC increased its stake in shares of STMicroelectronics by 3.2% in the fourth quarter. Earnest Partners LLC now owns 17,282 shares of the semiconductor producer’s stock valued at $448,000 after buying an additional 534 shares in the last quarter. Vident Advisory LLC boosted its holdings in STMicroelectronics by 2.5% in the third quarter. Vident Advisory LLC now owns 23,196 shares of the semiconductor producer’s stock valued at $656,000 after acquiring an additional 573 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in STMicroelectronics by 3.4% in the third quarter. Signaturefd LLC now owns 20,598 shares of the semiconductor producer’s stock valued at $582,000 after acquiring an additional 677 shares during the last quarter. 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.