STMicroelectronics (NYSE:STM) Sets New 1-Year High – Should You Buy?

STMicroelectronics N.V. (NYSE:STM) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $71.07 and last traded at $70.81, with a volume of 15485126 shares traded. The stock had previously closed at $66.86.

Analysts Set New Price Targets

STM has been the subject of a number of research analyst reports. Mizuho lifted their price objective on shares of STMicroelectronics from $56.00 to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. TD Cowen reaffirmed a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of STMicroelectronics in a report on Thursday. Craig Hallum raised shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price objective 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 Tuesday. Ten equities research analysts have rated the stock with a Buy rating, two 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 “Moderate Buy” and an average price target of $51.93.

STMicroelectronics Trading Up 2.6%

The firm’s 50-day simple moving average is $47.96 and its 200-day simple moving average is $35.24. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $62.41 billion, a PE ratio of 434.28 and a beta of 1.89.

STMicroelectronics (NYSE:STM) last posted its quarterly 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 business had revenue of $3.10 billion during the quarter. Equities analysts expect that STMicroelectronics N.V. will post 1.09 earnings per share for the current year.

Hedge Funds Weigh In On STMicroelectronics

Several hedge funds and other institutional investors have recently modified their holdings of STM. Amundi bought a new position in shares of STMicroelectronics during the first quarter valued at about $947,000. AQR Capital Management LLC raised its stake in shares of STMicroelectronics by 182.8% during the first quarter. AQR Capital Management LLC now owns 32,094 shares of the semiconductor producer’s stock valued at $705,000 after acquiring an additional 20,745 shares during the last quarter. Legal & General Group Plc bought a new position in shares of STMicroelectronics during the second quarter valued at about $119,000. M&T Bank Corp bought a new position in shares of STMicroelectronics during the second quarter valued at about $303,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of STMicroelectronics by 79.1% during the second quarter. EverSource Wealth Advisors LLC now owns 4,883 shares of the semiconductor producer’s stock valued at $148,000 after acquiring an additional 2,156 shares during the last quarter. 5.05% of the stock is owned by institutional investors.

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.