Brokerages Set STMicroelectronics N.V. (NYSE:STM) Target Price at $64.39

Shares of STMicroelectronics N.V. (NYSE:STM) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $64.3889.

Several research analysts have weighed in on STM shares. TD Cowen restated a “hold” rating on shares of STMicroelectronics in a report on Monday, July 13th. Craig Hallum raised shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Thursday, April 23rd. Barclays upgraded shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a report on Monday, June 29th. Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Robert W. Baird set a $90.00 price target on STMicroelectronics in a research note on Friday, April 24th.

STMicroelectronics Trading Down 0.9%

NYSE STM opened at $62.20 on Thursday. The company has a market cap of $55.87 billion, a price-to-earnings ratio of 388.81 and a beta of 1.93. STMicroelectronics has a 52 week low of $21.11 and a 52 week high of $81.42. The business has a 50 day moving average price of $70.30 and a 200-day moving average price of $47.28. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STM) last issued its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%.The company had revenue of $3.10 billion for the quarter. As a group, equities analysts expect that STMicroelectronics will post 1.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of STM. Abound Wealth Management purchased a new stake in STMicroelectronics in the 4th quarter valued at $26,000. CIBC Private Wealth Group LLC lifted its stake in STMicroelectronics by 3,746.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock valued at $26,000 after acquiring an additional 974 shares in the last quarter. Portus Wealth Advisors LLC purchased a new position in STMicroelectronics during the 1st quarter worth $32,000. Public Employees Retirement System of Ohio purchased a new position in STMicroelectronics during the 1st quarter worth $45,000. Finally, Advisory Services Network LLC bought a new stake in shares of STMicroelectronics in the 3rd quarter worth $52,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

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.