STMicroelectronics N.V. (NYSE:STM) Receives $71.65 Average PT from Analysts

STMicroelectronics N.V. (NYSE:STM) has been given an average recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $71.65.

A number of analysts recently commented on STM shares. Zacks Research downgraded shares of STMicroelectronics from a “strong-buy” rating to a “hold” rating in a 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. Bank of America upgraded shares of STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Wednesday, June 10th. Mizuho decreased their price target on STMicroelectronics from $84.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Finally, The Goldman Sachs Group lowered their price target on STMicroelectronics from $67.50 to $60.50 and set a “neutral” rating on the stock in a report on Monday, July 27th.

Institutional Trading of STMicroelectronics

Several large investors have recently bought and sold shares of STM. Legacy Wealth Asset Management LLC increased its position in shares of STMicroelectronics by 0.5% in the second quarter. Legacy Wealth Asset Management LLC now owns 34,613 shares of the semiconductor producer’s stock valued at $2,592,000 after buying an additional 167 shares in the last quarter. Midwest Trust Co boosted its position in shares of STMicroelectronics by 0.8% in the 1st quarter. Midwest Trust Co now owns 54,447 shares of the semiconductor producer’s stock worth $1,881,000 after buying an additional 406 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of STMicroelectronics by 5.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,062 shares of the semiconductor producer’s stock worth $348,000 after buying an additional 479 shares in the last quarter. Inspire Investing LLC grew its stake in STMicroelectronics by 5.0% in the 1st quarter. Inspire Investing LLC now owns 10,261 shares of the semiconductor producer’s stock valued at $355,000 after acquiring an additional 488 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in STMicroelectronics by 13.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,405 shares of the semiconductor producer’s stock valued at $115,000 after acquiring an additional 509 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Price Performance

Shares of NYSE STM 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 one year low of $21.11 and a one year high of $81.42. The firm has a market capitalization of $48.76 billion, a P/E ratio of 106.45 and a beta of 1.95. The company’s fifty day moving average is $65.25 and its two-hundred day moving average is $51.05.

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

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.