STMicroelectronics N.V. (NYSE:STM) Receives $71.65 Consensus PT from Brokerages

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

A number of equities analysts have issued reports on STM shares. Mizuho lowered their target price on STMicroelectronics from $84.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Wall Street Zen raised STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Bank of America upgraded STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Wednesday, June 10th. Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a research note on Sunday, April 26th. Finally, Craig Hallum reiterated a “buy” rating and issued a $70.00 price objective on shares of STMicroelectronics in a report on Thursday, July 23rd.

Hedge Funds Weigh In On STMicroelectronics

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its stake in shares of STMicroelectronics by 12.2% in the fourth quarter. Van ECK Associates Corp now owns 10,532,428 shares of the semiconductor producer’s stock worth $273,211,000 after purchasing an additional 1,145,426 shares during the last quarter. Morgan Stanley lifted its holdings in STMicroelectronics by 40.6% in the fourth quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock valued at $159,691,000 after buying an additional 1,778,113 shares during the period. Invesco Ltd. raised its position in shares of STMicroelectronics by 29.9% in the 4th quarter. Invesco Ltd. now owns 5,199,951 shares of the semiconductor producer’s stock worth $134,887,000 after acquiring an additional 1,196,018 shares in the last quarter. Bank of America Corp DE increased its stake in shares of STMicroelectronics by 43.9% in the 2nd quarter. Bank of America Corp DE now owns 4,348,569 shares of the semiconductor producer’s stock valued at $132,240,000 after acquiring an additional 1,326,020 shares in the last quarter. Finally, FIL Ltd raised its stake in STMicroelectronics by 5.0% during the 4th quarter. FIL Ltd now owns 3,107,386 shares of the semiconductor producer’s stock worth $80,606,000 after buying an additional 146,676 shares during the period. 5.05% of the stock is currently owned by institutional investors and hedge funds.

STMicroelectronics Price Performance

Shares of NYSE:STM opened at $54.20 on Monday. STMicroelectronics has a one year low of $21.11 and a one year high of $81.42. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.78 and a quick ratio of 2.08. The company has a market cap of $48.68 billion, a price-to-earnings ratio of 106.28 and a beta of 1.95. The firm has a 50 day simple moving average of $66.06 and a 200 day simple moving average of $50.85.

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, topping the consensus estimate of $0.26 by $0.05. STMicroelectronics had a net margin of 3.56% and a return on equity of 4.30%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.46 billion. Research analysts predict that STMicroelectronics will post 1.3 earnings per share 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.