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

Shares of STMicroelectronics N.V. (NYSE:STMGet Free Report) have received an average recommendation of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $31.9286.

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

View Our Latest Analysis on STM

STMicroelectronics Stock Performance

STM stock opened at $33.79 on Friday. STMicroelectronics has a 1-year low of $17.25 and a 1-year high of $35.07. The company has a current ratio of 3.36, a quick ratio of 2.43 and a debt-to-equity ratio of 0.10. The firm has a market cap of $30.35 billion, a PE ratio of 187.74 and a beta of 1.55. The business’s 50-day moving average price is $31.23 and its two-hundred day moving average price is $27.90.

STMicroelectronics (NYSE:STMGet Free Report) last announced its quarterly earnings results on Thursday, January 29th. The semiconductor producer reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.16). The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.29 billion. STMicroelectronics had a return on equity of 2.70% and a net margin of 1.41%. As a group, research analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current year.

Hedge Funds Weigh In On STMicroelectronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STM. Abound Wealth Management bought a new stake in shares of STMicroelectronics in the fourth quarter valued at about $26,000. CIBC Private Wealth Group LLC grew its holdings in shares of STMicroelectronics by 3,746.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after buying an additional 974 shares in the last quarter. Peterson Wealth Services raised its position in STMicroelectronics by 3,086.5% in the 3rd quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock valued at $33,000 after buying an additional 1,142 shares during the last quarter. Rothschild Investment LLC lifted its stake in STMicroelectronics by 248.4% in the 2nd quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock valued at $40,000 after acquiring an additional 929 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in STMicroelectronics in the 3rd quarter valued at approximately $52,000. 5.05% of the stock is owned by institutional investors and hedge funds.

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STMicroelectronics Company Profile

(Get Free Report)

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.

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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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