STMicroelectronics (EPA:STM) Shares Cross Above 200-Day Moving Average of $36.83

STMicroelectronics (EPA:STM – Get Rating) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of €36.83 ($39.18) and traded as high as €45.75 ($48.67). STMicroelectronics shares last traded at €45.43 ($48.32), with a volume of 2,421,782 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on STM shares. Deutsche Bank Aktiengesellschaft set a €52.00 ($55.32) price objective on shares of STMicroelectronics in a report on Monday, January 30th. Credit Suisse Group set a €65.00 ($69.15) target price on shares of STMicroelectronics in a research note on Friday, January 27th. Morgan Stanley set a €36.00 ($38.30) price target on shares of STMicroelectronics in a research report on Monday, December 12th. UBS Group set a €44.00 ($46.81) price objective on shares of STMicroelectronics in a report on Friday, January 27th. Finally, The Goldman Sachs Group set a €33.00 ($35.11) price target on shares of STMicroelectronics in a report on Wednesday, February 22nd.

STMicroelectronics Stock Up 0.6 %

The business’s fifty day moving average price is €40.14 and its 200 day moving average price is €36.83.

About STMicroelectronics

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STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.