Mizuho Issues Positive Forecast for STMicroelectronics (NYSE:STM) Stock Price

STMicroelectronics (NYSE:STM) had its target price increased by stock analysts at Mizuho from $56.00 to $68.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor producer’s stock. Mizuho’s price target suggests a potential upside of 11.63% from the company’s current price.

STM has been the subject of several other reports. Morgan Stanley upgraded shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research report on Thursday, March 26th. TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a research report on Friday. Weiss Ratings cut STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Finally, Craig Hallum raised STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $51.93.

STMicroelectronics Stock Performance

STM opened at $60.92 on Tuesday. The firm has a market cap of $54.71 billion, a P/E ratio of 380.75 and a beta of 1.89. STMicroelectronics has a 52-week low of $21.11 and a 52-week high of $65.31. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.34 and a current ratio of 3.31. The business’s fifty day moving average is $42.59 and its 200-day moving average is $32.84.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%.The business had revenue of $3.10 billion during the quarter. Sell-side analysts expect that STMicroelectronics will post 1.09 EPS for the current fiscal year.

Institutional Investors Weigh In On STMicroelectronics

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Midwest Trust Co boosted its position in STMicroelectronics by 0.8% in the first quarter. Midwest Trust Co now owns 54,447 shares of the semiconductor producer’s stock valued at $1,881,000 after buying an additional 406 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of STMicroelectronics by 5.0% during the first 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 increased its holdings in shares of STMicroelectronics by 5.0% during the first quarter. Inspire Investing LLC now owns 10,261 shares of the semiconductor producer’s stock worth $355,000 after buying an additional 488 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of 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. Finally, Earnest Partners LLC lifted its stake in shares of STMicroelectronics by 3.2% in the 4th quarter. Earnest Partners LLC now owns 17,282 shares of the semiconductor producer’s stock valued at $448,000 after acquiring an additional 534 shares during the last quarter. 5.05% of the stock is owned by institutional investors.

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.