Investors Buy Large Volume of STMicroelectronics Call Options (NYSE:STM)

STMicroelectronics N.V. (NYSE:STM) was the target of unusually large options trading on Tuesday. Traders purchased 7,157 call options on the company. This represents an increase of 50% compared to the average daily volume of 4,777 call options.

Analyst Ratings Changes

A number of equities analysts have weighed in on STM shares. Mizuho set a $28.00 price target on STMicroelectronics in a research report on Friday, January 9th. Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Finally, Susquehanna increased their target price on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Monday. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.93.

STMicroelectronics Price Performance

Shares of NYSE:STM traded up $0.01 on Tuesday, reaching $34.00. 3,858,808 shares of the company traded hands, compared to its average volume of 8,241,362. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.36 and a quick ratio of 2.43. The stock has a market capitalization of $30.53 billion, a PE ratio of 189.04 and a beta of 1.59. The company’s 50 day moving average is $28.98 and its 200-day moving average is $27.10. STMicroelectronics has a fifty-two week low of $17.25 and a fifty-two week high of $35.07.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, January 29th. The semiconductor producer reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). STMicroelectronics had a net margin of 1.41% and a return on equity of 2.70%. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.29 billion. As a group, analysts anticipate that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of STMicroelectronics

Hedge funds have recently modified their holdings of the business. Abound Wealth Management acquired a new position in shares of STMicroelectronics in the fourth quarter worth $26,000. CIBC Private Wealth Group LLC raised its stake in shares of STMicroelectronics by 3,746.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock valued at $26,000 after purchasing an additional 974 shares in the last quarter. Peterson Wealth Services grew its stake in shares of STMicroelectronics by 3,086.5% in the 3rd quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock valued at $33,000 after purchasing an additional 1,142 shares during the period. Rothschild Investment LLC lifted its holdings in STMicroelectronics by 248.4% during the 2nd quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock valued at $40,000 after purchasing an additional 929 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of STMicroelectronics during the third quarter worth $52,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

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.