STMicroelectronics N.V. (NYSE:STM) traded today at a new 52-week high of $45.54. This new high was reached on below average trading volume as 705,000 shares traded hands, while the average 30-day volume is approximately 1.9 million shares.
STMicroelectronics N.V. (NYSE:STM) defies analysts with a current price ($45.39) 31.8% above its average consensus price target of $30.96.
A merger between Italian firm SGS Microelettronica and the nonmilitary business of Thomson Semiconductors in France formed STMicroelectronics in 1987. STMicro is a leader in a variety of semiconductor products, including analog chips, discrete power semiconductors, microcontrollers, and sensors. STMicro is an especially prominent chip supplier into the industrial and automotive industries.
Over the past year, STMicroelectronics N.V. has traded in a range of $28.43 to $45.54 and is now at $45.39, 60% above that low.
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