Mizuho Boosts STMicroelectronics (NYSE:STM) Price Target to $68.00

STMicroelectronics (NYSE:STM) had its price objective increased by equities researchers at Mizuho from $56.00 to $68.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the semiconductor producer’s stock. Mizuho’s target price indicates a potential upside of 11.63% from the stock’s previous close.

Several other equities analysts also recently issued reports on STM. Morgan Stanley raised shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research note on Thursday, March 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a report on Friday. Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a research report on Sunday, April 26th. Robert W. Baird set a $90.00 target price on STMicroelectronics in a report on Friday, April 24th. Finally, Susquehanna upped their price target on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research report on Monday, February 23rd. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $51.93.

STMicroelectronics Stock Performance

STMicroelectronics stock opened at $60.92 on Tuesday. The business has a 50 day moving average of $42.59 and a 200-day moving average of $32.84. The company has a market capitalization of $54.71 billion, a P/E ratio of 380.75 and a beta of 1.89. STMicroelectronics has a 1 year low of $21.11 and a 1 year high of $65.31. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34.

STMicroelectronics (NYSE:STM) last posted its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. The business had revenue of $3.10 billion for the quarter. On average, equities research analysts predict that STMicroelectronics will post 1.09 earnings per share for the current year.

Institutional Investors Weigh In On STMicroelectronics

Several large investors have recently modified their holdings of the company. Portus Wealth Advisors LLC bought a new position in STMicroelectronics during the first quarter worth $32,000. CIBC Private Wealth Group LLC boosted its position in 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 valued at $26,000 after acquiring an additional 974 shares during the last quarter. Abound Wealth Management acquired a new stake in STMicroelectronics during the 4th quarter worth about $26,000. Peterson Wealth Services raised its position in shares of STMicroelectronics by 3,086.5% in the 3rd quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock worth $33,000 after acquiring an additional 1,142 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of STMicroelectronics in the 1st quarter worth about $45,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

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.