Morgan Stanley lifts STMicroelectronics N.V. [STM] price estimate. Who else is bullish?

STMicroelectronics N.V. [NYSE: STM] traded at a high on 11/10/22, posting a 12.36 gain after which it closed the day’ session at $36.92. The company report on November 9, 2022 that STMicroelectronics, in collaboration with Thales, powers secure, contactless convenience in Google Pixel 7.


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T4492S — Nov 9 2022 — ST54 in Google Pixel 7_IMAGE.

STMicroelectronics, in collaboration with Thales, powers secure, contactless convenience in Google Pixel 7.

The results of the trading session contributed to over 6292786 shares changing hands. Over the past one week, the price volatility of STMicroelectronics N.V. stands at 3.14% while the volatility over the past one month is 3.96%.

The market cap for STM stock reached $33.82 billion, with 945.50 million shares outstanding and 657.68 million shares in the current float. Compared to the average trading volume of 4.02M shares, STM reached a trading volume of 6292786 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 $53.67 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 2.10. 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.

Morgan Stanley have made an estimate for STMicroelectronics N.V. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on November 08, 2022. While these analysts kept the previous recommendation, William Blair raised their target price to Mkt Perform. The new note on the price target was released on October 17, 2022, representing the official price target for STMicroelectronics N.V. stock. On January 28, 2022, analysts increased their price target for STM shares from 50 to 62.

The Average True Range (ATR) for STMicroelectronics N.V. is set at 1.56, with the Price to Sales ratio for STM stock in the period of the last 12 months amounting to 2.22. The Price to Book ratio for the last quarter was 3.20, with the Price to Cash per share for the same quarter was set at 4.46. Price to Free Cash Flow for STM in the course of the last twelve months was 29.08 with Quick ratio for the last quarter at 1.80.

How has STM stock performed recently?

STMicroelectronics N.V. [STM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 23.44. With this latest performance, STM shares gained by 20.54% in over the last four-week period, additionally sinking by -0.27% over the last 6 months – not to mention a drop of -25.37% 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 64.30, with the RSI for the last a single of trading hit 70.80, and the three-weeks RSI is set at 59.94 for STMicroelectronics N.V. [STM]. The present Moving Average for the last 50 days of trading for this stock 33.43, while it was recorded at 33.50 for the last single week of trading, and 37.15 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 +16.76 and a Gross Margin at +41.62. STMicroelectronics N.V.’s Net Margin is presently recorded at +15.67.

Return on Total Capital for STM is now 18.26, given the latest momentum, and Return on Invested Capital for the company is 17.95. Return on Equity for this stock inclined to 22.56, with Return on Assets sitting at 13.28. When it comes to the capital structure of this company, STMicroelectronics N.V. [STM] has a Total Debt to Total Equity ratio set at 29.78. Additionally, STM Total Debt to Total Capital is recorded at 22.94, with Total Debt to Total Assets ending up at 17.64. Long-Term Debt to Equity for the company is recorded at 27.63, with the Long-Term Debt to Total Capital now at 21.29.

Reflecting on the efficiency of the workforce at the company, STMicroelectronics N.V. [STM] managed to generate an average of $35,066 per employee. Receivables Turnover for the company is 6.32 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 1.80 and a Current Ratio set at 2.40.

Earnings analysis for STMicroelectronics N.V. [STM]

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 5.00%.

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

There are presently around $1,652 million, or 5.00% of STM stock, in the hands of institutional investors. The top three institutional holders of STM stocks are: VAN ECK ASSOCIATES CORP with ownership of 4,230,808, which is approximately -11.014% of the company’s market cap and around 28.40% of the total institutional ownership; BLACKROCK INC., holding 3,287,825 shares of the stock with an approximate value of $121.39 million in STM stocks shares; and WOODLINE PARTNERS LP, currently with $117.11 million in STM stock with ownership of nearly 282.452% of the company’s market capitalization.

Positions in STMicroelectronics N.V. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 131 institutional holders increased their position in STMicroelectronics N.V. [NYSE:STM] by around 12,346,625 shares. Additionally, 128 investors decreased positions by around 6,623,994 shares, while 52 investors held positions by with 25,772,912 shares. The mentioned changes placed institutional holdings at 44,743,531 shares, according to the latest SEC report filing. STM stock had 35 new institutional investments in for a total of 2,089,988 shares, while 39 institutional investors sold positions of 2,157,071 shares during the same period.

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