Today’s Price Action: What Next for STMicroelectronics NV (ADR) Stock After Touching 52-Week High?

Today's Price Action: What Next for STMicroelectronics NV (ADR) Stock After Touching 52 Week High?

The stock of STMicroelectronics NV (ADR) (NYSE:STM) hit a new 52-week high and has $13.71 target or 44.00% above today’s $9.52 share price. The 8 months bullish chart indicates low risk for the $8.82B company. The 1-year high was reported on Nov, 21 by If the $13.71 price target is reached, the company will be worth $3.88B 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 1.33 million shares traded hands. STMicroelectronics NV (ADR) (NYSE:STM) has risen 59.93% since April 19, 2016 and is uptrending. It has outperformed by 56.07% the S&P500.

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 rating was maintained by Natixis on Monday, September 14 with “Buy”. The firm has “Hold” rating by Craig Hallum given on Friday, October 30. The company was upgraded on Monday, October 10 by Robert W. Baird. The stock of STMicroelectronics NV (ADR) (NYSE:STM) earned “Neutral” rating by Citigroup on Wednesday, July 22. The firm earned “Hold” rating on Wednesday, August 5 by Zacks. The stock has “Hold” rating given by HSBC on Friday, July 24. The firm earned “Hold” rating on Wednesday, January 27 by Kepler Cheuvreux. Craig Hallum maintained the stock with “Buy” rating in Friday, October 14 report. The company was downgraded on Friday, September 2 by Bank of America. The firm has “Buy” rating by Craig Hallum given on Thursday, October 27.

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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