STMicroelectronics (NYSE:STM) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of STMicroelectronics N.V. (NYSE:STM) crossed 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.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citigroup reissued a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Morgan Stanley reiterated an “overweight” rating on shares of STMicroelectronics in a report on Tuesday, June 30th. Robert W. Baird set a $90.00 price objective on shares of STMicroelectronics in a research note on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, STMicroelectronics presently has an average rating of “Moderate Buy” and an average price target of $64.39.

STMicroelectronics Stock Performance

The stock has a market capitalization of $64.25 billion, a price-to-earnings ratio of 447.10 and a beta of 1.93. The stock’s 50 day moving average is $69.01 and its 200 day moving average is $45.69. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STM) last announced its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. The company had revenue of $3.10 billion during the quarter. On average, analysts predict that STMicroelectronics N.V. will post 1.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Morgan Stanley lifted its stake in STMicroelectronics by 40.6% in the 4th quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock valued at $159,691,000 after buying an additional 1,778,113 shares in the last quarter. Marshall Wace LLP acquired a new stake in STMicroelectronics during the 4th quarter valued at $42,731,000. Invesco Ltd. increased its position in STMicroelectronics by 67.1% during the third quarter. Invesco Ltd. now owns 4,003,933 shares of the semiconductor producer’s stock worth $113,151,000 after buying an additional 1,608,029 shares in the last quarter. Defiance ETFs LLC purchased a new position in STMicroelectronics during the fourth quarter worth $39,545,000. Finally, Two Sigma Investments LP raised its holdings in shares of STMicroelectronics by 135.0% in the third quarter. Two Sigma Investments LP now owns 2,322,540 shares of the semiconductor producer’s stock worth $65,635,000 after acquiring an additional 1,334,192 shares during 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.