Analysts Set STMicroelectronics N.V. (NYSE:STM) Price Target at $64.39

STMicroelectronics N.V. (NYSE:STM) has received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $64.3889.

STM has been the subject of a number of recent research reports. TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a research note on Monday, July 13th. Zacks Research raised STMicroelectronics from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Craig Hallum raised STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a research note on Thursday, June 11th. Finally, Citigroup reissued a “buy” rating on shares of STMicroelectronics in a research report on Sunday, April 26th.

Institutional Investors Weigh In On STMicroelectronics

A number of institutional investors have recently made changes to their positions in the company. Portus Wealth Advisors LLC bought a new position in STMicroelectronics in the 1st quarter valued at approximately $32,000. CIBC Private Wealth Group LLC increased its holdings in shares of STMicroelectronics by 3,746.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after purchasing an additional 974 shares in the last quarter. Abound Wealth Management purchased a new position in shares of STMicroelectronics in the fourth quarter worth $26,000. Public Employees Retirement System of Ohio purchased a new position in shares of STMicroelectronics in the first quarter worth $45,000. Finally, Advisory Services Network LLC bought a new position in shares of STMicroelectronics during the third quarter valued at $52,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Price Performance

Shares of NYSE STM opened at $61.83 on Thursday. The company has a 50 day simple moving average of $70.34 and a two-hundred day simple moving average of $47.68. STMicroelectronics has a fifty-two week low of $21.11 and a fifty-two week high of $81.42. The company has a market capitalization of $55.53 billion, a price-to-earnings ratio of 386.44 and a beta of 1.93. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.34 and a current ratio of 3.31.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. The firm had revenue of $3.10 billion for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%. Analysts expect that STMicroelectronics will post 1.25 EPS for the current fiscal year.

About STMicroelectronics

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.