Analysts Set STMicroelectronics N.V. (NYSE:STM) Target Price at $30.94

STMicroelectronics N.V. (NYSE:STM) has received an average rating of “Hold” from the twenty research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $30.9375.

A number of equities research analysts have weighed in on the stock. TD Cowen cut their price target on shares of STMicroelectronics from $27.00 to $25.00 and set a “hold” rating for the company in a report on Friday, October 24th. Robert W. Baird set a $45.00 target price on shares of STMicroelectronics in a report on Friday, October 24th. Susquehanna increased their target price on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Weiss Ratings lowered shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Finally, Barclays reaffirmed an “underweight” rating on shares of STMicroelectronics in a report on Tuesday, September 16th.

Institutional Investors Weigh In On STMicroelectronics

Hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in STMicroelectronics by 40.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 62,873 shares of the semiconductor producer’s stock worth $1,381,000 after purchasing an additional 18,030 shares in the last quarter. Nuveen LLC acquired a new position in shares of STMicroelectronics in the first quarter worth about $775,000. Russell Investments Group Ltd. increased its position in shares of STMicroelectronics by 312.0% in the first quarter. Russell Investments Group Ltd. now owns 20,882 shares of the semiconductor producer’s stock worth $461,000 after acquiring an additional 15,813 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of STMicroelectronics by 63.1% during the first quarter. Smartleaf Asset Management LLC now owns 2,167 shares of the semiconductor producer’s stock valued at $48,000 after acquiring an additional 838 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of STMicroelectronics by 59.9% in the 1st quarter. BNP Paribas Financial Markets now owns 2,451,052 shares of the semiconductor producer’s stock valued at $53,825,000 after acquiring an additional 918,263 shares in the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Stock Performance

Shares of NYSE STM opened at $27.37 on Friday. STMicroelectronics has a 1 year low of $17.25 and a 1 year high of $33.47. The firm has a market cap of $24.58 billion, a P/E ratio of 47.19, a PEG ratio of 3.41 and a beta of 1.56. The stock has a fifty day moving average price of $24.63 and a two-hundred day moving average price of $26.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.28 and a current ratio of 3.22.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Wednesday, November 5th. The semiconductor producer reported $0.29 EPS for the quarter. The company had revenue of $3.19 billion for the quarter. STMicroelectronics had a return on equity of 4.06% and a net margin of 4.55%. Research analysts forecast that STMicroelectronics will post 0.85 EPS for the current fiscal 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.