STMicroelectronics N.V. (NYSE:STM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

STMicroelectronics N.V. (NYSE:STM) has been assigned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $68.2778.

Several equities analysts have issued reports on the stock. UBS Group set a $100.00 price objective on shares of STMicroelectronics in a report on Wednesday, June 10th. Zacks Research raised shares of STMicroelectronics from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Morgan Stanley restated an “overweight” rating on shares of STMicroelectronics in a research report on Tuesday, June 30th. Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, Mizuho lifted their price objective on STMicroelectronics from $68.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd.

Institutional Trading of STMicroelectronics

Several large investors have recently made changes to their positions in STM. Maxi Investments CY Ltd acquired a new position in STMicroelectronics during the fourth quarter worth $2,335,000. M&T Bank Corp increased its stake in shares of STMicroelectronics by 243.1% in the 4th quarter. M&T Bank Corp now owns 33,299 shares of the semiconductor producer’s stock worth $864,000 after acquiring an additional 23,593 shares during the last quarter. Diversified Management Inc. acquired a new stake in shares of STMicroelectronics in the 4th quarter worth $648,000. Evergreen Capital Management LLC raised its holdings in shares of STMicroelectronics by 305.1% during the 4th quarter. Evergreen Capital Management LLC now owns 66,477 shares of the semiconductor producer’s stock worth $1,724,000 after acquiring an additional 50,065 shares during the period. Finally, Altfest L J & Co. Inc. acquired a new position in shares of STMicroelectronics during the 4th quarter valued at about $545,000. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

STMicroelectronics Stock Up 0.8%

STMicroelectronics stock opened at $65.93 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34. The stock has a market capitalization of $59.22 billion, a PE ratio of 412.09 and a beta of 1.93. The business has a 50 day simple moving average of $70.54 and a 200-day simple moving average of $48.24. STMicroelectronics has a 12 month low of $21.11 and a 12 month high of $81.42.

STMicroelectronics (NYSE:STM) last announced its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%.The firm had revenue of $3.10 billion for the quarter. On average, analysts anticipate 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.