STMicroelectronics N.V. (NYSE:STM) Receives $76.17 Average Price Target from Analysts

STMicroelectronics N.V. (NYSE:STM) has earned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $76.1667.

Several brokerages have recently commented on STM. Weiss Ratings reiterated a “hold (c-)” rating on shares of STMicroelectronics in a report on Friday, August 21st. Morgan Stanley reiterated an “overweight” rating on shares of STMicroelectronics in a research note on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a research report on Thursday, June 11th. Mizuho decreased their target price on STMicroelectronics from $84.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. Finally, The Goldman Sachs Group cut their price target on shares of STMicroelectronics from $67.50 to $60.50 and set a “neutral” rating on the stock in a report on Monday, July 27th.

STMicroelectronics Trading Down 0.7%

Shares of STMicroelectronics stock opened at $51.88 on Friday. The company has a market capitalization of $46.60 billion, a P/E ratio of 101.73 and a beta of 1.93. The stock has a fifty day simple moving average of $57.02 and a 200 day simple moving average of $53.58. STMicroelectronics has a 12-month low of $21.11 and a 12-month high of $81.42. The company has a current ratio of 2.78, a quick ratio of 2.08 and a debt-to-equity ratio of 0.16.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Friday, July 24th. The semiconductor producer reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.46 billion. STMicroelectronics had a return on equity of 4.30% and a net margin of 3.56%. On average, sell-side analysts anticipate that STMicroelectronics will post 1.3 earnings per share for the current fiscal year.

Institutional Trading of STMicroelectronics

Several hedge funds have recently made changes to their positions in STM. Situational Awareness LP purchased a new stake in shares of STMicroelectronics in the 2nd quarter worth about $584,344,000. Morgan Stanley lifted its holdings in shares of STMicroelectronics by 40.6% in the fourth quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock worth $159,691,000 after buying an additional 1,778,113 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of STMicroelectronics in the fourth quarter worth $42,731,000. Invesco Ltd. boosted its position in shares of 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. Finally, Defiance ETFs LLC purchased a new position in STMicroelectronics during the fourth quarter valued at $39,545,000. 5.05% of the stock is currently owned by institutional investors.

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.