(MENAFN - Investor Brand Network) Shares of STMicroelectronics N.V. (NYSE:STM) traded at a new 52-week high today of $47.16. This new high was reached on below average trading volume as 89,000 shares traded hands, while the average 30-day volume is approximately 1.8 million shares.
STMicroelectronics N.V. (NYSE:STM) is currently priced 33.0% above its average consensus analyst price target of $31.56.
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.
In the past 52 weeks, shares of STMicroelectronics N.V. have traded between a low of $28.80 and a high of $47.16 and is now at $47.10, which is 64% above that low price.
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