STMicroelectronics N.V. (NYSE: STM) is 4.01% higher on its value in year-to-date trading and has touched a low of $23.23 and a high of $43.02 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The STM stock was last observed hovering at around $39.79 in the last trading session, with the day’s loss setting it -1.18% off its average median price target of $46.99 for the next 12 months. It is also 32.26% off the consensus price target high of $57.00 offered by 24 analysts, but current levels are -4.35% lower than the price target low of $37.00 for the same period.
Currently trading at $38.61, the stock is -0.58% and 1.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.95 million and changing -2.97% at the moment leaves the stock 9.68% off its SMA200. STM registered 47.31% gain for a year compared to 6-month gain of 16.44%. The firm has a 50-day simple moving average (SMA 50) of $37.74 and a 200-day simple moving average (SMA200) of $36.74.
The stock witnessed a 2.22% loss in the last 1 month and extending the period to 3 months gives it a 1.95%, and is 1.95% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.85% over the week and 1.84% over the month.
STMicroelectronics N.V. (STM) has around 46016 employees, a market worth around $34.52B and $10.22B in sales. Current P/E ratio is 32.28 and Fwd P/E is 20.43. Profit margin for the company is 10.80%. Distance from 52-week low is 66.21% and -10.25% from its 52-week high. The company has generated returns on investments over the last 12 months (10.50%).
STMicroelectronics N.V. (STM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for STMicroelectronics N.V. (STM) is a “Overweight”. 24 analysts offering their recommendations for the stock have an average rating of 2.20, where 7 rate it as a Hold and 3 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
STMicroelectronics N.V. is expected to release its quarterly report on 07/28/2021 and quarterly earnings per share for the current quarter are estimated at $0.37 with sales reaching $2.92B over the same period.The EPS is expected to grow by 5.70% this year, but quarterly earnings will post 18.30% year-over-year. Quarterly sales are estimated to grow 30.90% in year-over-year returns.
STMicroelectronics N.V. (STM) Top Institutional Holders
320 institutions hold shares in STMicroelectronics N.V. (STM), with institutional investors hold 3.86% of the company’s shares. The shares outstanding are 906.03M, and float is at 625.51M with Short Float at 1.02%. Institutions hold 3.86% of the Float.
The top institutional shareholder in the company is Van Eck Associates Corporation with over 2.75 million shares valued at $101.98 million. The investor’s holdings represent 0.30% of the STM Shares outstanding. As of Dec 30, 2020, the second largest holder is Grantham Mayo Van Otterloo & Company with 2.3 million shares valued at $85.22 million to account for 0.25% of the shares outstanding. The other top investors are Allianz Asset Management GmbH which holds 2.25 million shares representing 0.25% and valued at over $83.34 million, while Goldman Sachs Group, Inc. holds 0.19% of the shares totaling 1.77 million with a market value of $65.57 million.
STMicroelectronics N.V. (STM): Who are the competitors?
The company’s main competitors (and peers) include NVIDIA Corporation (NVDA) that is trading 109.73% up over the past 12 months. Analog Devices Inc. (ADI) is 45.02% up on the 1-year trading charts. Short interest in the company’s stock has fallen -4.96% from the last report on Apr 14, 2021 to stand at a total of 6.35 million short shares sold with a short interest ratio of 3.08.