STMicroelectronics N.V. (STM) : Traders are bullish on STMicroelectronics N.V. (STM) as it has outperformed the S&P 500 by a wide margin of 2.33% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.86%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.41% in the last 1 week, and is up 0.26% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.74% and the 50-Day Moving Average is 8%.The 200 Day SMA reached 24.43% STMicroelectronics NV is up 35.34% in the last 3-month period. Year-to-Date the stock performance stands at 18.29%.
STMicroelectronics N.V. (STM) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $8 and the lowest price target forecast is $5. The average forecast of all the analysts is $6.67 and the expected standard deviation is $1.53.
Company shares have received an average consensus rating of Hold for the current week STMicroelectronics N.V. (NYSE:STM): stock was range-bound between the intraday low of $7.58 and the intraday high of $7.73 after having opened at $7.69 on Fridays session. The stock finally closed in the red at $7.69, a loss of -1.54%. The stock remained in the red for the whole trading day. The total traded volume was 4,145,722 shares. The stock failed to cross $7.73 in Fridays trading. The stocks closing price on Thursday was $7.66.
STMicroelectronics N.V. is a semiconductor company. The Company designs, develops, manufactures and markets a range of semiconductor products used in applications, such as Internet of Things (IoT), and serving many different end markets. The Company operates through two business segments: Sense & Power and Automotive Products (SP&A) and Embedded Processing Solutions (EPS). The SP&A segment consists of product lines, such as Automotive (APG), Industrial and Power Discrete (IPD), Analog and MEMS (AMS), and other SP&A. The EPS segment consists of product lines, such as Digital Convergence Group (DCG), and Imaging, BI-CMOS ASIC and Silicon Photonics (IBP) (DCG and IBP are combined as DPG); Microcontrollers, Memory & Secure MCU (MMS), and Other EPS. The Company operates in Semiconductors and Subsystems business areas.