STMicroelectronics N.V. (NYSE:STM) Receives $71.65 Consensus PT from Brokerages

STMicroelectronics N.V. (NYSE:STM) has been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $71.65.

Several brokerages have issued reports on STM. Mizuho dropped their target price on shares of STMicroelectronics from $84.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. Zacks Research cut shares of STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. The Goldman Sachs Group cut their target price on shares of STMicroelectronics from $67.50 to $60.50 and set a “neutral” rating for the company in a research report on Monday, July 27th. Finally, TD Cowen reissued a “hold” rating on shares of STMicroelectronics in a research note on Monday, July 13th.

STMicroelectronics Trading Down 0.0%

STMicroelectronics stock opened at $54.29 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.08 and a current ratio of 2.78. STMicroelectronics has a fifty-two week low of $21.11 and a fifty-two week high of $81.42. The stock has a market cap of $48.76 billion, a P/E ratio of 106.45 and a beta of 1.95. The firm’s fifty day moving average price is $65.25 and its 200-day moving average price is $51.21.

STMicroelectronics (NYSE:STM) last posted its earnings results on Friday, July 24th. The semiconductor producer reported $0.31 EPS for the quarter, topping the consensus estimate of $0.26 by $0.05. STMicroelectronics had a return on equity of 4.30% and a net margin of 3.56%.The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Equities research analysts forecast that STMicroelectronics will post 1.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On STMicroelectronics

A number of large investors have recently modified their holdings of STM. Ninepoint Partners LP bought a new stake in STMicroelectronics in the 2nd quarter worth approximately $1,455,000. Harrell Investment Partners LLC bought a new position in STMicroelectronics during the second quarter valued at approximately $225,000. Focus Financial Network Inc. bought a new position in STMicroelectronics during the second quarter valued at approximately $332,000. Legacy Wealth Asset Management LLC raised its stake in shares of STMicroelectronics by 0.5% during the second quarter. Legacy Wealth Asset Management LLC now owns 34,613 shares of the semiconductor producer’s stock worth $2,592,000 after acquiring an additional 167 shares in the last quarter. Finally, Alliance Wealth Advisors LLC purchased a new position in shares of STMicroelectronics during the second quarter worth approximately $225,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

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.