STMicroelectronics N.V. (NYSE:STM) Given Average Recommendation of “Moderate Buy” by Analysts

STMicroelectronics N.V. (NYSE:STM) has been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $64.3889.

A number of brokerages have recently issued reports on STM. Morgan Stanley reissued an “overweight” rating on shares of STMicroelectronics in a research note on Thursday, May 28th. UBS Group set a $100.00 target price on shares of STMicroelectronics in a research note on Wednesday, June 10th. Craig Hallum raised shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a research note on Thursday, June 11th. Finally, Citigroup reissued a “buy” rating on shares of STMicroelectronics in a research note on Sunday, April 26th.

Institutional Trading of STMicroelectronics

A number of hedge funds have recently added to or reduced their stakes in STM. Abound Wealth Management purchased a new stake in STMicroelectronics in the fourth quarter worth about $26,000. CIBC Private Wealth Group LLC lifted its stake in STMicroelectronics by 3,746.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after acquiring an additional 974 shares during the period. Portus Wealth Advisors LLC purchased a new stake in STMicroelectronics in the first quarter worth about $32,000. Public Employees Retirement System of Ohio purchased a new stake in shares of STMicroelectronics during the first quarter valued at about $45,000. Finally, Advisory Services Network LLC purchased a new stake in shares of STMicroelectronics during the third quarter valued at about $52,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Stock Down 4.7%

Shares of STM opened at $71.37 on Friday. The firm has a market capitalization of $64.11 billion, a P/E ratio of 446.12 and a beta of 1.94. STMicroelectronics has a 12-month low of $21.11 and a 12-month high of $81.42. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average price of $64.70 and a 200-day moving average price of $42.74.

STMicroelectronics (NYSE:STM) last issued its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $3.10 billion during the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. Equities research analysts expect that STMicroelectronics will post 1.17 earnings per share for the current 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.