Investors Buy High Volume of STMicroelectronics Call Options (NYSE:STM)

STMicroelectronics N.V. (NYSE:STM) was the target of unusually large options trading on Tuesday. Stock traders acquired 7,157 call options on the stock. This is an increase of 50% compared to the average daily volume of 4,777 call options.

STMicroelectronics Stock Performance

Shares of STMicroelectronics stock opened at $34.05 on Wednesday. The company has a current ratio of 3.36, a quick ratio of 2.43 and a debt-to-equity ratio of 0.10. The company has a market cap of $30.58 billion, a PE ratio of 189.18 and a beta of 1.59. The company has a 50 day moving average of $29.14 and a 200-day moving average of $27.17. STMicroelectronics has a 1-year low of $17.25 and a 1-year high of $35.07.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Thursday, January 29th. The semiconductor producer reported $0.11 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.16). The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.29 billion. STMicroelectronics had a net margin of 1.41% and a return on equity of 2.70%. As a group, equities research analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on STM shares. Weiss Ratings upgraded STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Susquehanna upped their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research note on Monday. Finally, Mizuho set a $28.00 price objective on shares of STMicroelectronics in a research note on Friday, January 9th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, STMicroelectronics currently has a consensus rating of “Hold” and a consensus price target of $31.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Legacy Wealth Asset Management LLC grew its holdings in shares of STMicroelectronics by 2.6% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 18,500 shares of the semiconductor producer’s stock valued at $523,000 after purchasing an additional 475 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in STMicroelectronics by 13.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,405 shares of the semiconductor producer’s stock valued at $115,000 after buying an additional 509 shares in the last quarter. Earnest Partners LLC grew its stake in shares of STMicroelectronics by 3.2% during the fourth quarter. Earnest Partners LLC now owns 17,282 shares of the semiconductor producer’s stock worth $448,000 after buying an additional 534 shares during the last quarter. Vident Advisory LLC increased its holdings in shares of STMicroelectronics by 2.5% during the third quarter. Vident Advisory LLC now owns 23,196 shares of the semiconductor producer’s stock worth $656,000 after buying an additional 573 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of STMicroelectronics by 27.5% during the 2nd quarter. CWM LLC now owns 2,680 shares of the semiconductor producer’s stock valued at $82,000 after acquiring an additional 578 shares in the last quarter. 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.