STMicroelectronics N.V. [STM] Revenue clocked in at $9.74 billion, up 8.65% YTD: What’s Next?

STMicroelectronics N.V. [NYSE: STM] jumped around 2.46 points on Thursday, while shares priced at $40.33 at the close of the session, up 6.50%. The company report on January 28, 2021 that Statement from the Supervisory Board of STMicroelectronics.

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Amsterdam, January 28, 2021 – Maurizio Tamagnini, Chairman of the Supervisory Board of STMicroelectronics N.V. (NYSE: STM), and Nicolas Dufourcq, Vice-Chairman, have asked Jean-Marc Chery, ST’s President and CEO, to be available for a reappointment in his current role. Mr. Chery has accepted the proposal.

Therefore, the Supervisory Board has decided to propose for shareholder approval at the Company’s next Annual General Meeting of Shareholders, the reappointment for a three-year mandate of Jean-Marc Chery as the sole member of the Managing Board and the Company’s President and Chief Executive Officer.

STMicroelectronics N.V. stock is now 8.65% up from its year-to-date (YTD) trading value. STM Stock saw the intraday high of $40.93 and lowest of $39.05 per share. The company’s 52-week high price is 41.99, which means current price is +6.95% above from all time high which was touched on 01/08/21.

Compared to the average trading volume of 2.38M shares, STM reached a trading volume of 5454503 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about STMicroelectronics N.V. [STM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for STM shares is $41.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on STM stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Craig Hallum have made an estimate for STMicroelectronics N.V. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 28, 2021. The new note on the price target was released on January 13, 2021, representing the official price target for STMicroelectronics N.V. stock. On January 06, 2021, analysts increased their price target for STM shares from 41 to 46.

The Average True Range (ATR) for STMicroelectronics N.V. is set at 1.15, with the Price to Sales ratio for STM stock in the period of the last 12 months amounting to 3.84. The Price to Book ratio for the last quarter was 4.69, with the Price to Cash per share for the same quarter was set at 3.80. Price to Free Cash Flow for STM in the course of the last twelve months was 59.67 with Quick ratio for the last quarter at 1.70.

How has STM stock performed recently?

STMicroelectronics N.V. [STM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.49. With this latest performance, STM shares gained by 9.59% in over the last four-week period, additionally plugging by 39.12% over the last 6 months – not to mention a rise of 36.43% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for STM stock in for the last two-week period is set at 56.19, with the RSI for the last a single of trading hit 55.91, and the three-weeks RSI is set at 56.45 for STMicroelectronics N.V. [STM]. The present Moving Average for the last 50 days of trading for this stock 38.41, while it was recorded at 39.53 for the last single week of trading, and 31.21 for the last 200 days.

STMicroelectronics N.V. [STM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and STMicroelectronics N.V. [STM] shares currently have an operating margin of +11.07 and a Gross Margin at +39.21. STMicroelectronics N.V.’s Net Margin is presently recorded at +10.80.

Return on Total Capital for STM is now 12.08, given the latest momentum, and Return on Invested Capital for the company is 12.13. Return on Equity for this stock inclined to 15.58, with Return on Assets sitting at 9.18. When it comes to the capital structure of this company, STMicroelectronics N.V. [STM] has a Total Debt to Total Equity ratio set at 32.36. Additionally, STM Total Debt to Total Capital is recorded at 24.45, with Total Debt to Total Assets ending up at 19.20. Long-Term Debt to Equity for the company is recorded at 29.12, with the Long-Term Debt to Total Capital now at 22.00.

Reflecting on the efficiency of the workforce at the company, STMicroelectronics N.V. [STM] managed to generate an average of $20,241 per employee. Receivables Turnover for the company is 6.09 with a Total Asset Turnover recorded at a value of 0.85.STMicroelectronics N.V.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.40.

Earnings analysis for STMicroelectronics N.V. [STM]

With the latest financial reports released by the company, STMicroelectronics N.V. posted 0.21/share EPS, while the average EPS was predicted by analysts to be reported at 0.23/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -8.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for STM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for STMicroelectronics N.V. go to 49.00%.

Insider trade positions for STMicroelectronics N.V. [STM]

There are presently around $1,313 million, or 3.90% of STM stock, in the hands of institutional investors. The top three institutional holders of STM stocks are: GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC with ownership of 2,943,363, which is approximately -22.303% of the company’s market cap and around 28.40% of the total institutional ownership; VAN ECK ASSOCIATES CORP, holding 2,561,282 shares of the stock with an approximate value of $103.3 million in STM stocks shares; and VICTORY CAPITAL MANAGEMENT INC, currently with $74.6 million in STM stock with ownership of nearly -9.506% of the company’s market capitalization.

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Positions in STMicroelectronics N.V. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 123 institutional holders increased their position in STMicroelectronics N.V. [NYSE:STM] by around 6,952,073 shares. Additionally, 106 investors decreased positions by around 4,340,199 shares, while 45 investors held positions by with 21,255,616 shares. The mentioned changes placed institutional holdings at 32,547,888 shares, according to the latest SEC report filing. STM stock had 48 new institutional investments in for a total of 3,064,128 shares, while 35 institutional investors sold positions of 370,187 shares during the same period.

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