STMicroelectronics Option Alert: Jun 20 $24 Calls at the Ask: 5000 vs 602 OI; Earnings 4/24 Before Open [est] 

STMicroelectronics Option Alert: Jun 20 $24 Calls at the Ask: 5000 @ $1.29 vs 602 OI; Earnings 4/24 Before Open [est] Ref=$22.26

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STMicroelectronics

A merger between Italian firm SGS Microelettronica and the nonmilitary business of Thomson Semiconducteurs in France formed STMicroelectronics in 1987. STMicroelectronics is a leader in a variety of semiconductor products, including analog chips, discrete power semiconductors, microcontrollers, and sensors. It is an especially prominent chip supplier to the industrial and automotive industries.

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Shares of chip stocks are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

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Shares of chip stocks are trading lower amid an overall market reversal on US-China trade tensions.

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Shares of semiconductor companies are trading lower as markets react to President Trump's announcement of sweeping tariffs.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/04/25</td>
<td>$270.00</td>
<td>$36.2K</td>
<td>2.5K</td>
<td>21.2K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/04/25</td>
<td>$217.50</td>
<td>$29.6K</td>
<td>2.6K</td>
<td>9.1K</td>
</tr>
<tr>
<td>WULF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/11/25</td>
<td>$2.50</td>
<td>$31.5K</td>
<td>179</td>
<td>5.1K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$110.00</td>
<td>$137.9K</td>
<td>18.5K</td>
<td>5.1K</td>
</tr>
<tr>
<td>CSCO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$52.50</td>
<td>$173.0K</td>
<td>2.7K</td>
<td>2.0K</td>
</tr>
<tr>
<td>ZS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$170.00</td>
<td>$2.8 million</td>
<td>11</td>
<td>1.9K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$120.00</td>
<td>$35.1K</td>
<td>134</td>
<td>1.2K</td>
</tr>
<tr>
<td>IBM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$230.00</td>
<td>$256.2K</td>
<td>1.1K</td>
<td>568</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$90.00</td>
<td>$128.6K</td>
<td>14.0K</td>
<td>522</td>
</tr>
<tr>
<td>STM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$18.00</td>
<td>$39.6K</td>
<td>534</td>
<td>201</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on April 4, 2025. This event was a transfer of 100 contract(s) at a $270.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.2K, with a price of $363.0 per contract. There were 2550 open contracts at this strike prior to today, and today 21202 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on April 4, 2025. Parties traded 2281 contract(s) at a $217.50 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $29.6K, with a price of $13.0 per contract. There were 2608 open contracts at this strike prior to today, and today 9112 contract(s) were bought and sold. 
• Regarding WULF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>), we observe a put option sweep with bullish sentiment. It expires in 8 day(s) on April 11, 2025. Parties traded 2240 contract(s) at a $2.50 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $14.0 per contract. There were 179 open contracts at this strike prior to today, and today 5198 contract(s) were bought and sold. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bullish sentiment. It expires in 43 day(s) on May 16, 2025. Parties traded 310 contract(s) at a $110.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $137.9K, with a price of $445.0 per contract. There were 18536 open contracts at this strike prior to today, and today 5103 contract(s) were bought and sold. 
• Regarding CSCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), we observe a put option trade with bullish sentiment. It expires in 169 day(s) on September 19, 2025. Parties traded 1000 contract(s) at a $52.50 strike. The total cost received by the writing party (or parties) was $173.0K, with a price of $173.0 per contract. There were 2747 open contracts at this strike prior to today, and today 2051 contract(s) were bought and sold. 
• For ZS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>), we notice a put option trade that happens to be bullish, expiring in 441 day(s) on June 18, 2026. This event was a transfer of 1336 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $2.8 million, with a price of $2145.0 per contract. There were 11 open contracts at this strike prior to today, and today 1959 contract(s) were bought and sold. 
• Regarding ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we observe a call option sweep with neutral sentiment. It expires in 134 day(s) on August 15, 2025. Parties traded 14 contract(s) at a $120.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $35.1K, with a price of $2510.0 per contract. There were 134 open contracts at this strike prior to today, and today 1283 contract(s) were bought and sold. 
• Regarding IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), we observe a put option sweep with bullish sentiment. It expires in 43 day(s) on May 16, 2025. Parties traded 350 contract(s) at a $230.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $256.2K, with a price of $731.0 per contract. There were 1151 open contracts at this strike prior to today, and today 568 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a put option sweep with bullish sentiment. It expires in 78 day(s) on June 20, 2025. Parties traded 80 contract(s) at a $90.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $128.6K, with a price of $1607.0 per contract. There were 14050 open contracts at this strike prior to today, and today 522 contract(s) were bought and sold. 
• Regarding STM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>), we observe a put option trade with bullish sentiment. It expires in 288 day(s) on January 16, 2026. Parties traded 200 contract(s) at a $18.00 strike. The total cost received by the writing party (or parties) was $39.6K, with a price of $198.0 per contract. There were 534 open contracts at this strike prior to today, and today 201 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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10 Information Technology Stocks Whale Activity In Today's Session

STMicroelectronics NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) and Innoscience have formed a strategic partnership to develop and manufacture gallium nitride (GaN) technology, a key component for <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44572888/stmicroelectronics-and-innoscience-sign-gan-technology-development-and-manufacturing-agreement" rel="noreferrer noopener">next-generation power electronics.</a>
The collaboration announced on Monday aims to strengthen GaN power solutions for applications in artificial intelligence (AI) data centers, renewable energy systems, electric vehicles, and more.
GaN power devices deliver higher efficiency, a smaller footprint, and reduced energy dissipation compared to conventional silicon-based counterparts.
These advantages make them well-suited for use in AI data centers, consumer gadgets, solar inverters, and industrial power systems.
Also Read: <a href="https://www.benzinga.com//node/44580679">Tesla Stock Climbs Over 3% In Tuesday Pre-Market: What&#8217;s Going On?</a>
Also, the technology is becoming increasingly popular in electric vehicle powertrains, as it helps minimize weight and size while enhancing overall performance.
&#8220;GaN technology is essential to improve electronics, creating smaller and more efficient systems which save electric power, lower cost, and reduce CO2 Emissions. Innoscience pioneered mass production of 8-inch GaN technology and has shipped over 1 billion GaN devices into multiple markets, and we are very excited to move into strategic collaboration with ST,&#8221; said Chairman and Founder of Innoscience, Weiwei Luo.
The partnership will allow Innoscience to make use of STMicroelectronics&#8217; manufacturing sites in Europe for producing GaN wafers, while STMicroelectronics can tap into Innoscience's front-end fabrication facilities in China.
This mutual access is expected to strengthen supply chain adaptability and reliability. By capitalizing on their respective expertise, the combination seeks to maintain a steady and secure supply of GaN power solutions.
Price Action: STM shares traded lower by 1.68% at $21.59 in premarket at last check Tuesday.
Read Next:
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Photo via Shutterstock.

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STMicroelectronics And Innoscience Partner To Advance GaN Power Technology

STMicroelectronics Reports On Resolutions To Be Proposed At 2025 AGM Of Shareholders

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iShares PHLX SOX Semiconductor Sector Index Fund

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Shares of semiconductor and chip stocks are trading higher. The sector may be gaining amid an overall market rebound after experiencing recent weakness due to tariff uncertainty.

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Shares of semiconductor stocks are trading lower amid recession worries due to uncertainty regarding tariffs and trade policy. President Trump said there is a "period of transition."

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Shares of semiconductor stocks are trading higher as investors assess US trade and investment policy. Stocks across sectors rose on reports President Trump will delay auto tariffs.

Trimble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) has teamed up with STMicroelectronics NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) to <a href="https://www.benzinga.com/pressreleases/25/03/n44072790/trimble-works-with-stmicroelectronics-to-deliver-precise-positioning-solution-for-the-automotive-a">roll out advanced positioning technologies </a>designed for automotive and Internet of Things (IoT) sectors.
This partnership aims to offer high-performance, cost-efficient solutions that accelerate development and reduce time-to-market for Original Equipment Manufacturers (OEMs). 
By combining Trimble&#8217;s ProPoint Go positioning engine with STMicroelectronics&#8217; Teseo VI GNSS chipsets, they aim to deliver highly accurate location data for applications such as automotive navigation, cellular vehicle-to-everything (C-V2X), ADAS, and UAVs.
Also Read: <a href="https://www.benzinga.com/markets/equities/25/03/44072743/norwegian-purchases-ten-boeing-jets-boosting-financial-flexibility">Norwegian Purchases Ten Boeing Jets, Boosting Financial Flexibility</a>
Trimble&#8217;s ongoing collaboration with STMicroelectronics ensures centimeter-level precision and accurate data for various applications, even in difficult environments like urban canyons, by incorporating quad-frequency GNSS signals including, L1, L2, L5, and E6.
The ProPoint Go engine leverages Trimble&#8217;s global correction services to provide highly accurate position, velocity, and timing information, boosting automated driving systems and IoT applications, including field robotics and autonomous lawnmowers.
The synergy of these technologies plays a crucial role in enabling precise navigation systems, advancing automated driving with an emphasis on safety and operational effectiveness.
STMicroelectronics will be showcasing its Teseo VI GNSS receivers at the Mobile World Congress in Barcelona, Spain, from March 3-6, 2025. 
Price Action: TRMB shares are trading higher by 0.014% at $71.99 in premarket at last check Monday.
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TRMB

Trimble, STMicroelectronics Launch Precision Positioning Tech For IoT Applications

Trimble Partners With STMicroelectronics For Automotive And Internet of Things (IoT) Applications

ACMR, ALAB, AMAT, AMBA, AMD, AMKR, AOSL, ARM, ARQQ, ASML, ASX, ATO, CAMT, CRDO, ENTG, FORM, HIMX, ICHR, INTC, KLAC, KLIC, LAES, LRCX, MKSI, MTSI, MU, MXL, NN, NVDA, NVMI, NVTS, ONDS, ONTO, QUIK, RGTI, RMBS, SITM, SKYT, SMH, SMTC, SOXX, STM, TSEM, TSM, UCTT, VUZI, WOLF

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Shares of semiconductor companies are trading lower in sympathy with Nvidia, which reversed amid a possible selloff after reporting Q4 financial results.

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Shares of semiconductor companies are trading higher in anticipation of Nvidia's Q4 earnings which are scheduled to be reported after hours today. Additionally, large AI investment announcements from Apple and Meta this week may be buoying the industry.

Italy&#8217;s government is considering replacing&nbsp;STMicroelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) chief Jean-Marc Chéry after he failed to improve <a target="_blank" href="https://www.benzinga.com/topic/chip-stocks" rel="noreferrer noopener">the company&#8217;s prospects</a>.
Rome considers the CEO&#8217;s performance insufficient, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-02-25/italy-said-to-seek-removal-of-stmicro-ceo-on-poor-performance?sref=TBDibEcD" rel="noreferrer noopener">reported</a>, citing unnamed sources familiar with the matter. Italian officials told Bloomberg they may lack the instruments to provide a replacement.
Also Read: <a target="_blank" href="https://www.benzinga.com/media/25/02/43939199/alibaba-doubles-down-on-ai-launches-qwq-max-to-challenge-openai-and-deepseek" rel="noreferrer noopener">Alibaba Doubles Down On AI, Launches QwQ-Max to Challenge OpenAI and DeepSeek</a>
Rome and Paris governments hold a combined 27.8% stake in the company, according to Bloomberg data. Chéry was reelected for a three-year term in May last year.
Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;and&nbsp;Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) supplier STMicroelectronics stock plunged 30% in the last 12 months as it struggled to navigate a slump in demand for automobile and industrial semiconductors.
STMicroelectronics reported fourth-quarter net revenues of $3.32 billion, down by 22.4%, beating the&nbsp;analyst estimate of $3.31 billion. EPS of $0.37&nbsp;missed&nbsp;the&nbsp;consensus estimate of $0.38.
At the mid-point, STMicroelectronics expects <a target="_blank" href="https://www.benzinga.com/25/01/43334149/stmicroelectronics-q4-earnings-22-revenue-drop-sees-challenges-ahead-with-lower-industrial-and-auto-demand" rel="noreferrer noopener">fiscal&nbsp;first-quarter</a> net revenues&nbsp;to be&nbsp;$2.51 billion, a decrease of&nbsp;24.4%&nbsp;sequentially, plus or minus 350 basis points versus&nbsp;the $2.76 billion consensus estimate.
The company said in January that 2024 was one of the worst years in decades for the industry. It was reportedly looking to cut up <a target="_blank" href="https://www.benzinga.com/media/25/01/43399736/apple-and-tesla-supplier-stmicroelectronics-plans-up-to-3000-job-cuts-in-italy-and-france" rel="noreferrer noopener">to 3,000 jobs</a>.
Last year, the Intel board fired CEO Pat Gelsinger after his <a target="_blank" href="https://www.benzinga.com/25/01/43065280/intel-gains-8-on-speculation-of-buyout-details-remain-unclear" rel="noreferrer noopener">turnaround efforts failed</a> to materialize. CFO Dave Zinsner and Michelle Johnston Holthaus became&nbsp;Intel&#8217;s interim co-CEOs.&nbsp;
Price Action: STM stock traded lower by&nbsp;1.86%&nbsp;to&nbsp;$26.90 at&nbsp;the last check on Tuesday.
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Photo by Michael Vi via Shutterstock

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STMicroelectronics's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) short percent of float has risen 5.39% since its last report. The company recently reported that it has 13.86 million shares sold short, which is 2.15% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.87 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>STMicroelectronics Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1740508216_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for STMicroelectronics has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing STMicroelectronics's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, STMicroelectronics's peer group average for short interest as a percentage of float is 4.91%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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What's Driving the Market Sentiment Around STMicroelectronics?

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
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<li>Unity Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) shares escalated 36.64% after the company reported better-than-expected <a href="https://www.benzinga.com//node/43851464" target="_blank" rel="noreferrer noopener">fourth-quarter financial results</a>. Multiple firms raised their respective<a href="https://www.benzinga.com/quote/U/analyst-ratings" target="_blank" rel="noreferrer noopener"> price forecasts on the stock</a>.</li>
<li>Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares surged 32.62% on what appears to be continued momentum from the prior week. Investors await an update from the company <a href="https://www.benzinga.com//node/43812953" target="_blank" rel="noreferrer noopener">regarding its delayed filings</a>.</li>
<li>Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) stock increased 20.25% after the company <a href="https://www.benzinga.com//node/43846533" target="_blank" rel="noreferrer noopener">reported fiscal third-quarter results</a>. Several analysts raised <a href="https://www.benzinga.com/quote/baba/analyst-ratings" target="_blank" rel="noreferrer noopener">their price forecasts on the stock</a>.</li>
<li>FTAI Aviation Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) shares jumped 19.82% following a major announcement that <a href="https://www.benzinga.com//node/43866554" target="_blank" rel="noreferrer noopener">addressed recent short-seller reports</a>.</li>
<li>STMicroelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) stock surged 15.39%. The company is preparing to launch its next-generation technologies aimed at improving optical connections within <a href="https://www.benzinga.com//node/43852969" target="_blank" rel="noreferrer noopener">data centers and AI clusters</a>.</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares rose 15.36%, probably on Alibaba&#8217;s upbeat quarterly results, <a href="https://www.benzinga.com//node/43884588" target="_blank" rel="noreferrer noopener">President Xi&#8217;s support and DeepSeek AI boost</a>.</li>
<li>Analog Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) stock upped 14.13% after the company reported upbeat fiscal first-quarter results and analysts <a href="https://www.benzinga.com//node/43855595" target="_blank" rel="noreferrer noopener">revised the price forecast</a>.</li>
<li>BeiGene, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONC#NASDAQ">ONC</a>) stock rose 13.25%.</li>
<li>Tencent Music Entertainment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) stock upped 12.70% last week amid optimism from <a href="https://www.benzinga.com//node/43884588" target="_blank" rel="noreferrer noopener">President Xi&#8217;s support and DeepSeek AI boost</a>.</li>
<li>Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) stock grew 12.55% after the company announced the introduction of its Mplab AI coding assistant, which leverages the power of AI to assist software developers and engineers <a href="https://www.benzinga.com//node/43843881" target="_blank" rel="noreferrer noopener">in writing and debugging code</a>.</li>
</ol>
Photo via Shutterstock

Large Cap

Movers

BABA

FTAI

SMCI

XPEV

Alibaba, Super Micro Computer And XPeng Are Among Top 10 Large Cap Gainers Last Week (Feb 17-Feb 21): Are The Others In Your Portfolio?

U.S. stocks were lower, with the Dow Jones falling over 1% on Thursday.
Shares of Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) rose sharply during Thursday's session after the company reported third-quarter financial results and beat its adjusted EPADS and <a href="https://www.benzinga.com/news/earnings/25/02/43846533/alibaba-q3-earnings-revenue-and-eps-beat-eyes-global-e-commerce-profitability-in-fy25-increase-investments-in-ai">revenue estimates</a>.
The Jack Ma co-founded e-commerce giant reported fiscal third-quarter 2024 revenue growth of 8% year-on-year to $38.38 billion, beating the analyst consensus estimate of $38.19 billion. Adjusted earnings per ADS of $2.93 beat the analyst consensus estimate of $2.66. Adjusted net income rose 7% Y/Y to $7 billion.
Alibaba Group shares jumped 9.5% to $137.77 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Herbalife Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLF#NYSE">HLF</a>) shares jumped 42.5% to $8.01 after the company reported fourth-quarter EPS and revenue above estimates.</li>
<li>Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) gained 26.6% to $27.19 after the company reported better-than-expected quarterly financial results.</li>
<li>Pediatrix Medical Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MD#NYSE">MD</a>) rose 20.5% to $17.01 after the company reported better-than-expected quarterly financial results.</li>
<li>FTAI Aviation Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) gained 13.8% to $143.11 after the company determined that allegations from recent short seller reports were without merit and said it expects to file its 10-K on time.</li>
<li>Hasbro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) gained 13.4% to $69.36 after the company reported better-than-expected quarterly financial results.</li>
<li>Shake Shack Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) rose 12.7% to $125.32 after the company reported quarterly EPS and revenue above estimates.</li>
<li>Bausch Health Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHC#NYSE">BHC</a>) gained 10.7% to $7.21 after the company reported better-than-expected quarterly sales.</li>
<li>Manulife Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFC#NYSE">MFC</a>) rose 7.3% to $31.96 after the company announced a dividend raise and a reduction in its shares outstanding through a normal course issuer bid.</li>
<li>STMicroelectronics N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) gained 6.2% to $28.13. The company is preparing to launch its next-generation technologies aimed at improving optical connections within data centers and AI clusters.</li>
</ul>
Now Read This: 
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</ul>

Intraday Update

Markets

SHAK

Alibaba, Hasbro, Shake Shack, Bausch Health And Other Big Stocks Moving Higher On Thursday

Shares of semiconductor designing and manufacturing company STMicroelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>), are trading higher on Thursday.
The company is preparing to launch its next-generation technologies aimed at improving optical connections within <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43841623/stmicroelectronics-to-enable-higher-performance-cloud-optical-interconnect-in-datacenters-and-ai-c" rel="noreferrer noopener">data centers and AI clusters.</a>
As the demand for AI computing grows, issues related to performance and energy efficiency across memory, computing, power supply, and interconnections have surfaced.
ST&#8217;s silicon photonics and BiCMOS technologies are designed to overcome these challenges, with manufacturing expected to begin in the latter half of 2025.
&#8220;Today&#8217;s announcement represents the first step for our PIC product-family and, thanks to close collaboration with key partners across the entire value chain, our ambition is to become a key supplier of silicon photonics and BiCMOS wafers for the datacenter and AI cluster market, be it pluggable optics today or optical I/O tomorrow,&#8221; said Remi El-Ouazzane, President, Microcontrollers, Digital ICs and RF products Group at STMicroelectronics.
Also Read: <a href="https://www.benzinga.com//node/43842358">Nvidia Stock Poised To Rise Amid Strong AI Investments By Hyperscalers, Says Top Investor</a>
The company seeks to address the increasing demand for rapid data transfer in hyperscale settings by offering optical modules that enable speeds of 800Gb/s and 1.6Tb/s.
STMicroelectronics&#8217; unique silicon photonics (SiPho) technology enables the integration of several complex components into one chip.
&#8220;AWS is pleased to collaborate with STMicroelectronics to develop a new silicon photonics technology (SiPho), PIC100, that will enable interconnection between any workload including Artificial Intelligence (AI). AWS is working with STMicroelectronics based on their demonstrated capability to make PIC100 a leading SiPho technology for the optical and AI market,&#8221; said Vice President and Distinguished Engineer at Amazon Web Services, Nafea Bshara.
The SiPho and BiCMOS technologies are based on a 300mm silicon platform, offering a distinct solution for the optical industry. These technologies will be produced at ST&#8217;s 300mm facility in Crolles, France.
Price Action: STM shares are trading higher by 4.44% at $27.65 at the last check Thursday.
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Photo by Michael Vi via Shutterstock.

What's Going On With STMicroelectronics Stock Today?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Keefe, Bruyette &amp; Woods analyst Meyer Shields upgraded The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) from Market Perform to Outperform and raised the price target from $275 to $286. Travelers shares closed at $238.40 on Tuesday. <a href="https://www.benzinga.com/quote/TRV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Janardan Menon upgraded the rating for STMicroelectronics N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) from Hold to Buy. STMicroelectronics shares closed at $24.41 on Tuesday. <a href="https://www.benzinga.com/quote/STM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst Wamsi Mohan upgraded NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) from Underperform to Neutral and raised the price target from $121 to $128. NetApp shares closed at $120.52 on Tuesday. <a href="https://www.benzinga.com/quote/NTAP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho analyst Anthony Petrone upgrades Glaukos Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GKOS#NYSE">GKOS</a>) from Neutral to Outperform and raised the price target from $140 to $200. Glaukos shares closed at $152.96 on Tuesday. <a href="https://www.benzinga.com/quote/GKOS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>D. Boral Capital analyst Jason Kolbert upgraded the rating for CervoMed Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRVO#NASDAQ">CRVO</a>) from Hold to Buy and announced a $10 price target. CervoMed shares closed at $2.23 on Tuesday. <a href="https://www.benzinga.com/quote/CRVO/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying NTAP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="570" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19082610/image-166-1024x570.png" alt="" class="wp-image-788905" style="width:298px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19082610/image-166-1024x570.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19082610/image-166-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19082610/image-166-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19082610/image-166.png 1118w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

Upgrades

Pre-Market Outlook

Analyst Ratings

CRVO

GKOS

NTAP

This NetApp Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Wednesday

STMicroelectronics shares are trading higher after Jefferies upgraded the stock from Hold to Buy.

Press Releases

STMicroelectronics' new integrated STM32WBA6 wireless microcontrollers combine extra features and performance with power efficiency

STMicroelectronics reveals STM32U3 microcontrollers extending ultra-low power innovation for remote, smart and sustainable applications

STMicroelectronics Integrates Black Duck SCA and Coverity for Automated SBOM Generation and Enhanced Software Security

STMicroelectronics Announces Status of Common Share Repurchase Program

STMicroelectronics announces resignation of a member of Supervisory Board

STMicroelectronics Reports on Resolutions to be Proposed  at the 2025 Annual General Meeting of Shareholders

STMicroelectronics and Innoscience sign GaN technology development and manufacturing agreement

STMicroelectronics Announces Timing for First Quarter 2025 Earnings Release and Conference Call

Notice of Update to Proposed Resolutions for STMicroelectronics 2025 Annual General Meeting of Shareholders

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