Analysts Set STMicroelectronics N.V. (NYSE:STM) Price Target at $30.94

Shares of STMicroelectronics N.V. (NYSE:STM) have been assigned a consensus recommendation of “Hold” from the twenty analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $30.9375.

STM has been the subject of several research analyst reports. Susquehanna raised their target price on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Cowen restated a “hold” rating on shares of STMicroelectronics in a research report on Friday, October 24th. Barclays reaffirmed an “underweight” rating on shares of STMicroelectronics in a report on Tuesday, September 16th. BNP Paribas Exane raised STMicroelectronics from a “neutral” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Thursday, September 4th. Finally, Robert W. Baird set a $45.00 price objective on STMicroelectronics in a research note on Friday, October 24th.

STMicroelectronics Stock Performance

NYSE STM opened at $26.07 on Friday. The company has a quick ratio of 2.28, a current ratio of 3.22 and a debt-to-equity ratio of 0.11. STMicroelectronics has a twelve month low of $17.25 and a twelve month high of $33.47. The business has a 50-day moving average price of $24.63 and a 200-day moving average price of $27.03. The firm has a market cap of $23.42 billion, a price-to-earnings ratio of 44.95, a price-to-earnings-growth ratio of 4.85 and a beta of 1.56.

STMicroelectronics (NYSE:STM) last issued its earnings results on Wednesday, November 5th. The semiconductor producer reported $0.29 earnings per share (EPS) for the quarter. STMicroelectronics had a return on equity of 4.06% and a net margin of 4.55%.The company had revenue of $3.19 billion for the quarter. As a group, equities research analysts predict that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On STMicroelectronics

A number of hedge funds have recently bought and sold shares of STM. Acadian Asset Management LLC grew its stake in shares of STMicroelectronics by 148.4% in the 1st quarter. Acadian Asset Management LLC now owns 5,650,244 shares of the semiconductor producer’s stock worth $124,055,000 after buying an additional 3,375,428 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in STMicroelectronics in the second quarter worth about $58,593,000. Invesco Ltd. increased its stake in STMicroelectronics by 67.1% during the third quarter. Invesco Ltd. now owns 4,003,933 shares of the semiconductor producer’s stock worth $113,151,000 after acquiring an additional 1,608,029 shares during the last quarter. Junto Capital Management LP purchased a new stake in STMicroelectronics during the first quarter valued at approximately $30,565,000. Finally, Two Sigma Investments LP lifted its stake in shares of STMicroelectronics by 135.0% in the 3rd quarter. Two Sigma Investments LP now owns 2,322,540 shares of the semiconductor producer’s stock valued at $65,635,000 after purchasing an additional 1,334,192 shares during the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Company Profile

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.