STMicroelectronics N.V. (NYSE:STM) Short Interest Update

STMicroelectronics N.V. (NYSE:STM) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 13,318,285 shares, a decrease of 14.4% from the December 31st total of 15,552,585 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average trading volume of 7,210,617 shares, the days-to-cover ratio is presently 1.8 days. Based on an average trading volume of 7,210,617 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.5% of the company’s shares are short sold.

Institutional Investors Weigh In On STMicroelectronics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Abound Wealth Management acquired a new stake in shares of STMicroelectronics during the fourth quarter valued at about $26,000. Peterson Wealth Services boosted its holdings in STMicroelectronics by 3,086.5% in the third quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock valued at $33,000 after purchasing an additional 1,142 shares during the last quarter. Rothschild Investment LLC grew its stake in STMicroelectronics by 248.4% during the 2nd quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock valued at $40,000 after purchasing an additional 929 shares in the last quarter. Advisory Services Network LLC purchased a new stake in STMicroelectronics during the 3rd quarter worth approximately $52,000. Finally, AlphaCore Capital LLC acquired a new position in shares of STMicroelectronics in the 2nd quarter valued at approximately $57,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Trading Down 3.2%

Shares of STM opened at $27.85 on Wednesday. STMicroelectronics has a 12 month low of $17.25 and a 12 month high of $33.47. The stock’s 50-day moving average is $26.82 and its two-hundred day moving average is $26.56. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.36 and a quick ratio of 2.43. The stock has a market cap of $25.01 billion, a PE ratio of 154.73 and a beta of 1.59.

STMicroelectronics (NYSE:STM) last announced its earnings results 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 company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.29 billion. STMicroelectronics had a net margin of 1.41% and a return on equity of 2.70%. Equities analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on STM shares. TD Cowen restated a “hold” rating on shares of STMicroelectronics in a report on Friday, October 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of STMicroelectronics in a research note on Wednesday, January 21st. Mizuho set a $28.00 target price on STMicroelectronics in a research report on Friday, January 9th. Robert W. Baird set a $45.00 price target on STMicroelectronics in a research report on Friday, October 24th. Finally, Susquehanna raised their price objective on STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, STMicroelectronics has an average rating of “Hold” and a consensus target price of $31.19.

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.