STMicroelectronics Sees Unusually Large Options Volume (NYSE:STM)

STMicroelectronics N.V. (NYSE:STM) was the recipient of some unusual options trading activity on Thursday. Traders acquired 28,841 call options on the company. This is an increase of 44% compared to the average daily volume of 20,090 call options.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on STM shares. 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 research note on Thursday, April 23rd. Weiss Ratings upgraded STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Mizuho raised their price objective on STMicroelectronics from $68.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. UBS Group set a $100.00 target price on STMicroelectronics in a report on Wednesday, June 10th. Finally, Morgan Stanley reissued an “overweight” rating on shares of STMicroelectronics in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.39.

Hedge Funds Weigh In On STMicroelectronics

Institutional investors have recently bought and sold shares of the business. Maxi Investments CY Ltd purchased a new stake in shares of STMicroelectronics during the fourth quarter worth about $2,335,000. M&T Bank Corp lifted its stake in STMicroelectronics by 243.1% in the 4th quarter. M&T Bank Corp now owns 33,299 shares of the semiconductor producer’s stock valued at $864,000 after buying an additional 23,593 shares in the last quarter. Diversified Management Inc. acquired a new stake in STMicroelectronics in the 4th quarter worth about $648,000. Evergreen Capital Management LLC increased its stake in STMicroelectronics by 305.1% during the 4th quarter. Evergreen Capital Management LLC now owns 66,477 shares of the semiconductor producer’s stock worth $1,724,000 after buying an additional 50,065 shares in the last quarter. Finally, Altfest L J & Co. Inc. purchased a new stake in STMicroelectronics during the 4th quarter worth approximately $545,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Price Performance

Shares of STM stock opened at $62.20 on Friday. The company has a market capitalization of $55.87 billion, a P/E ratio of 388.81 and a beta of 1.93. The company’s 50-day simple moving average is $70.30 and its two-hundred day simple moving average is $47.28. STMicroelectronics has a one year low of $21.11 and a one year high of $81.42. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (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 during the quarter. As a group, equities analysts anticipate that STMicroelectronics will post 1.25 EPS for the current year.

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.