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

STMicroelectronics N.V. (NYSE:STM) has earned a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $31.9286.

STM has been the topic of several recent analyst reports. Susquehanna raised their target price on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a report on Monday, February 23rd. Weiss Ratings downgraded STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Finally, Mizuho set a $28.00 target price on STMicroelectronics in a research report on Friday, January 9th.

Hedge Funds Weigh In On STMicroelectronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership acquired a new position in STMicroelectronics in the 2nd quarter worth about $58,593,000. Morgan Stanley grew its holdings in STMicroelectronics by 40.6% during the 4th 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. Marshall Wace LLP acquired a new position in shares of STMicroelectronics during the fourth quarter worth $42,731,000. Invesco Ltd. grew 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 purchasing an additional 1,608,029 shares during the last quarter. Finally, Defiance ETFs LLC bought a new stake in shares of STMicroelectronics in the fourth quarter worth $39,545,000. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Price Performance

Shares of STMicroelectronics stock opened at $33.19 on Friday. The company has a quick ratio of 2.43, a current ratio of 3.36 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $29.81 billion, a price-to-earnings ratio of 184.37 and a beta of 1.55. STMicroelectronics has a twelve month low of $17.25 and a twelve month high of $35.07. The company has a 50-day simple moving average of $30.91 and a two-hundred day simple moving average of $27.76.

STMicroelectronics (NYSE:STM) last announced 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 analyst estimates of $3.29 billion. STMicroelectronics had a return on equity of 2.70% and a net margin of 1.41%. Analysts forecast 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.