STMicroelectronics N.V. (NYSE:STM) Receives $31.93 Average Price Target from Analysts

Shares of STMicroelectronics N.V. (NYSE:STM) have received an average rating of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $31.9286.

Several research analysts have recently weighed in on the company. TD Cowen restated a “hold” rating on shares of STMicroelectronics in a report on Friday, October 24th. Robert W. Baird set a $45.00 price objective on STMicroelectronics in a research note on Friday, October 24th. Mizuho set a $28.00 target price on STMicroelectronics in a research note on Friday, January 9th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of STMicroelectronics in a report on Wednesday, January 21st.

STMicroelectronics Stock Up 1.3%

NYSE STM opened at $33.64 on Monday. The business has a fifty day moving average price of $28.83 and a 200 day moving average price of $27.01. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.43 and a current ratio of 3.36. The company has a market cap of $30.22 billion, a P/E ratio of 186.92 and a beta of 1.59. STMicroelectronics has a one year low of $17.25 and a one year high of $35.07.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, January 29th. The semiconductor producer reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.29 billion. STMicroelectronics had a return on equity of 2.70% and a net margin of 1.41%. Research analysts anticipate that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On STMicroelectronics

Several institutional investors and hedge funds have recently bought and sold shares of STM. Van ECK Associates Corp increased its holdings in shares of STMicroelectronics by 12.2% during the 4th quarter. Van ECK Associates Corp now owns 10,532,428 shares of the semiconductor producer’s stock worth $273,211,000 after buying an additional 1,145,426 shares during the last quarter. Morgan Stanley increased its stake in STMicroelectronics by 40.6% during the fourth quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock worth $159,691,000 after acquiring an additional 1,778,113 shares during the last quarter. Invesco Ltd. increased its stake in STMicroelectronics by 29.9% during the fourth quarter. Invesco Ltd. now owns 5,199,951 shares of the semiconductor producer’s stock worth $134,887,000 after acquiring an additional 1,196,018 shares during the last quarter. Bank of America Corp DE raised its position in STMicroelectronics by 43.9% in the second quarter. Bank of America Corp DE now owns 4,348,569 shares of the semiconductor producer’s stock valued at $132,240,000 after purchasing an additional 1,326,020 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of STMicroelectronics by 19.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,990,874 shares of the semiconductor producer’s stock valued at $112,782,000 after purchasing an additional 641,327 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

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.