STMicroelectronics N.V. (NYSE:STM) Receives Average Recommendation of “Hold” from Brokerages

STMicroelectronics N.V. (NYSE:STM) has earned a consensus recommendation of “Hold” from the seventeen research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $31.1875.

A number of research firms have recently issued reports on STM. TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a research note on Friday, October 24th. Susquehanna increased their price objective on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Mizuho set a $28.00 target price on shares of STMicroelectronics in a research report on Friday, January 9th. Robert W. Baird set a $45.00 price target on shares of STMicroelectronics in a report on Friday, October 24th. Finally, Weiss Ratings downgraded shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th.

STMicroelectronics Price Performance

STMicroelectronics stock opened at $28.52 on Thursday. The firm has a fifty day moving average of $25.68 and a 200-day moving average of $26.81. STMicroelectronics has a 52-week low of $17.25 and a 52-week high of $33.47. The company has a quick ratio of 2.28, a current ratio of 3.22 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $25.61 billion, a P/E ratio of 49.16, a PEG ratio of 3.38 and a beta of 1.56.

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

Institutional Investors Weigh In On STMicroelectronics

Hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership purchased a new stake in STMicroelectronics during the 2nd quarter worth approximately $58,593,000. Invesco Ltd. increased its stake in shares of STMicroelectronics by 67.1% in the third quarter. Invesco Ltd. now owns 4,003,933 shares of the semiconductor producer’s stock worth $113,151,000 after buying an additional 1,608,029 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of STMicroelectronics by 135.0% in the third quarter. Two Sigma Investments LP now owns 2,322,540 shares of the semiconductor producer’s stock worth $65,635,000 after buying an additional 1,334,192 shares during the last quarter. Bank of America Corp DE raised its holdings 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 acquiring an additional 1,326,020 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in STMicroelectronics by 138.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,205,234 shares of the semiconductor producer’s stock valued at $62,320,000 after acquiring an additional 1,282,343 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

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.