NEW YORK (
) hit a new 52-week high Monday as it traded at $12.99 compared with its previous 52-Week high of $12.89. STMicroelectronics is changing hands at $12.95 with 174,015 shares traded as of 10:01 a.m. ET. Average volume has been 1.8 million shares over the past 30 days.
STMicroelectronics has a market cap of $11 billion and is part of the
industry. Shares are up 21.9% year to date as of the close of trading on Friday.
STMicroelectronics N.V., an independent semiconductor company, designs, develops, manufactures, and markets a range of semiconductor integrated circuits (ICs) and discrete devices. The company has a P/E ratio of 13.6, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 22.6.
TheStreet Ratings rates STMicroelectronics as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full
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