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

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

Several equities research analysts have recently weighed in on the stock. TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. Craig Hallum upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Thursday, April 23rd. Morgan Stanley reissued an “overweight” rating on shares of STMicroelectronics in a research note on Thursday, May 28th. Mizuho increased their target price on shares of STMicroelectronics from $68.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Citigroup reissued a “buy” rating on shares of STMicroelectronics in a research note on Sunday, April 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC boosted its stake in STMicroelectronics by 5.6% during the first quarter. Empowered Funds LLC now owns 26,157 shares of the semiconductor producer’s stock worth $904,000 after acquiring an additional 1,394 shares in the last quarter. Militia Capital Management LLC bought a new position in STMicroelectronics during the first quarter worth $3,455,000. Parallel Advisors LLC boosted its stake in STMicroelectronics by 47.5% during the first quarter. Parallel Advisors LLC now owns 7,454 shares of the semiconductor producer’s stock worth $258,000 after acquiring an additional 2,399 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in STMicroelectronics by 82.3% during the first quarter. EverSource Wealth Advisors LLC now owns 5,293 shares of the semiconductor producer’s stock worth $183,000 after acquiring an additional 2,390 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in STMicroelectronics during the first quarter worth $19,132,000. 5.05% of the stock is owned by institutional investors.

STMicroelectronics Trading Up 4.0%

STM opened at $74.72 on Friday. STMicroelectronics has a twelve month low of $21.11 and a twelve month high of $81.42. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $64.09 and a 200-day moving average of $42.54. The stock has a market cap of $67.11 billion, a PE ratio of 467.04 and a beta of 1.94.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. The company had revenue of $3.10 billion during the quarter. On average, sell-side analysts predict that STMicroelectronics will post 1.17 EPS 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.