STMicroelectronics N.V. (NYSE:STM) Receives $31.19 Average PT from Analysts

Shares of STMicroelectronics N.V. (NYSE:STM) have received an average recommendation of “Hold” from the seventeen analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $31.1875.

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of STMicroelectronics in a report on Wednesday. Robert W. Baird set a $45.00 target price on STMicroelectronics in a research report on Friday, October 24th. Susquehanna raised their target price on STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Mizuho set a $28.00 target price on STMicroelectronics in a report on Friday, January 9th. Finally, TD Cowen restated a “hold” rating on shares of STMicroelectronics in a report on Friday, October 24th.

Hedge Funds Weigh In On STMicroelectronics

Institutional investors and hedge funds have recently made changes to their positions in the stock. Abound Wealth Management acquired a new stake in shares of STMicroelectronics in the 4th quarter valued at about $26,000. Peterson Wealth Services boosted its holdings in STMicroelectronics by 3,086.5% in the third quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock worth $33,000 after acquiring an additional 1,142 shares in the last quarter. Rothschild Investment LLC grew its stake in STMicroelectronics by 248.4% in the second quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock valued at $40,000 after acquiring an additional 929 shares during the period. Advisory Services Network LLC bought a new stake in shares of STMicroelectronics during the third quarter valued at approximately $52,000. Finally, AlphaCore Capital LLC bought a new stake in shares of STMicroelectronics during the second quarter valued at approximately $57,000. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Trading Down 0.0%

NYSE STM opened at $29.02 on Thursday. The firm has a market capitalization of $26.06 billion, a PE ratio of 50.03, a price-to-earnings-growth ratio of 3.62 and a beta of 1.56. The business’s 50-day moving average price is $25.89 and its two-hundred day moving average price is $26.76. The company has a current ratio of 3.22, a quick ratio of 2.28 and a debt-to-equity ratio of 0.11. STMicroelectronics has a 12 month low of $17.25 and a 12 month high of $33.47.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Wednesday, November 5th. The semiconductor producer reported $0.29 earnings per share for the quarter. The company had revenue of $3.19 billion during the quarter. STMicroelectronics had a net margin of 4.55% and a return on equity of 4.06%. On average, analysts expect that STMicroelectronics will post 0.85 EPS for the current year.

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.