STMicroelectronics (NYSE:STM) Hits New 52-Week High – Here’s Why

Shares of STMicroelectronics N.V. (NYSE:STM) reached a new 52-week high during trading on Monday . The company traded as high as $59.41 and last traded at $58.6780, with a volume of 2472860 shares traded. The stock had previously closed at $59.17.

Analyst Ratings Changes

A number of analysts recently commented on STM shares. Robert W. Baird set a $90.00 target price on shares of STMicroelectronics in a research note on Friday, April 24th. Morgan Stanley upgraded shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research note on Thursday, March 26th. Citigroup reiterated a “buy” rating on shares of STMicroelectronics in a research note on Sunday, April 26th. Craig Hallum upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Thursday, April 23rd. Finally, Weiss Ratings cut shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.07.

STMicroelectronics Stock Performance

The firm has a market capitalization of $54.04 billion, a price-to-earnings ratio of 376.09 and a beta of 1.89. The firm’s 50 day simple moving average is $38.73 and its 200 day simple moving average is $31.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.34 and a current ratio of 3.31.

STMicroelectronics (NYSE:STM) 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. Sell-side analysts forecast that STMicroelectronics N.V. will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of STMicroelectronics

A number of hedge funds have recently modified their holdings of STM. Abound Wealth Management acquired a new position in shares of STMicroelectronics in the 4th quarter valued at $26,000. CIBC Private Wealth Group LLC lifted its stake in shares of STMicroelectronics by 3,746.2% in the 4th 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 during the period. Portus Wealth Advisors LLC acquired a new position in shares of STMicroelectronics in the 1st quarter valued at $32,000. Peterson Wealth Services lifted 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. Finally, Advisory Services Network LLC acquired a new position in shares of STMicroelectronics in the 3rd quarter valued at $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.