Today’s Market Runner: Could STMicroelectronics NV (ADR) Lose its Strength? The Stock Reaches 52-Week High

Today's Market Runner: Could STMicroelectronics NV (ADR) Lose its Strength? The Stock Reaches 52 Week High

The stock of STMicroelectronics NV (ADR) (NYSE:STM) hit a new 52-week high and has $10.48 target or 6.00% above today’s $9.89 share price. The 5 months bullish chart indicates low risk for the $8.96 billion company. The 1-year high was reported on Nov, 29 by If the $10.48 price target is reached, the company will be worth $537.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.16 million shares traded hands. STMicroelectronics NV (ADR) (NYSE:STM) has risen 67.24% since April 26, 2016 and is uptrending. It has outperformed by 61.98% the S&P500.

Analysts await STMicroelectronics NV (ADR) (NYSE:STM) to report earnings on January, 25. STM’s profit will be $135.89M for 16.48 P/E if the $0.15 EPS becomes a reality. After $0.11 actual earnings per share reported by STMicroelectronics NV (ADR) for the previous quarter, Wall Street now forecasts 36.36% EPS growth.

STMicroelectronics NV (ADR) (NYSE:STM) Ratings Coverage

Out of 7 analysts covering STMicroelectronics (NYSE:STM), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. STMicroelectronics has been the topic of 11 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, July 22 by Citigroup. The stock has “Underperform” rating given by Bank of America on Friday, September 2. The stock of STMicroelectronics NV (ADR) (NYSE:STM) earned “Buy” rating by Craig Hallum on Thursday, October 27. On Wednesday, January 27 the stock rating was upgraded by Kepler Cheuvreux to “Hold”. The company was upgraded on Friday, July 24 by HSBC. On Friday, October 14 the stock rating was maintained by Craig Hallum with “Buy”. The firm has “Buy” rating given on Monday, September 14 by Natixis. The rating was downgraded by Zacks to “Hold” on Wednesday, August 5. The firm has “Outperform” rating by Robert W. Baird given on Monday, October 10. The stock of STMicroelectronics NV (ADR) (NYSE:STM) has “Hold” rating given on Friday, October 30 by Craig Hallum.

According to Zacks Investment Research, “STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems.”

Another recent and important STMicroelectronics NV (ADR) (NYSE:STM) news was published by which published an article titled: “STMicroelectronics NV (ADR)(NYSE:STM) Bullish Trend” on September 07, 2016.

STM Company Profile

STMicroelectronics N.V., incorporated on May 21, 1987, is a global semiconductor company. The Firm is focused on Smart Driving, enabled by digitalization and electrification of the car, and the Internet of Things, including portable and wearable systems, as well as smart home, city and industry applications. The Company’s divisions include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others. The Firm designs, develops, makes and markets a range of semiconductor products, including discrete and standard commodity components, application-specific integrated circuits (ASICs), custom devices and semi-custom devices and application-specific standard products (ASSPs) for analog, digital and mixed-signal applications. The Firm participates in the manufacturing value chain of smartcard products, which include the production and sale of both silicon chips and smartcards.

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