Analysts Set STMicroelectronics N.V. (NYSE:STM) PT at $76.17

STMicroelectronics N.V. (NYSE:STM) has been assigned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $76.1667.

Several equities research analysts have recently commented on STM shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of STMicroelectronics in a research report on Friday, August 21st. Craig Hallum reissued a “buy” rating and issued a $70.00 price target on shares of STMicroelectronics in a research note on Thursday, July 23rd. Morgan Stanley restated an “overweight” rating on shares of STMicroelectronics in a report on Tuesday, June 30th. Wall Street Zen raised STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, The Goldman Sachs Group reduced their target price on STMicroelectronics from $67.50 to $60.50 and set a “neutral” rating on the stock in a report on Monday, July 27th.

Hedge Funds Weigh In On STMicroelectronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in STM. HB Wealth Management LLC boosted its holdings in shares of STMicroelectronics by 66.6% during the 2nd quarter. HB Wealth Management LLC now owns 10,747 shares of the semiconductor producer’s stock valued at $805,000 after buying an additional 4,298 shares in the last quarter. Situational Awareness LP bought a new position in shares of STMicroelectronics in the 2nd quarter worth about $584,344,000. denkapparat Operations GmbH bought a new position in shares of STMicroelectronics in the 2nd quarter worth about $361,000. TD Waterhouse Canada Inc. lifted its position in STMicroelectronics by 681.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 17,301 shares of the semiconductor producer’s stock valued at $1,225,000 after acquiring an additional 15,086 shares during the period. Finally, Concurrent Investment Advisors LLC purchased a new position in STMicroelectronics during the 2nd quarter valued at about $217,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Price Performance

STM opened at $52.23 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.08 and a current ratio of 2.78. The stock has a market capitalization of $46.91 billion, a PE ratio of 102.41 and a beta of 1.93. The stock’s 50 day moving average price is $57.93 and its 200-day moving average price is $53.32. STMicroelectronics has a 52-week low of $21.11 and a 52-week high of $81.42.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Friday, July 24th. The semiconductor producer reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.46 billion. STMicroelectronics had a return on equity of 4.30% and a net margin of 3.56%. On average, equities research analysts predict that STMicroelectronics will post 1.3 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.