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Natixis raised their target price on shares of STMicroelectronics NV (ADR) (NYSE:STM) from $10.20 to $10.60 in a research note issued on Wednesday, reports. The firm currently has a “buy” rating on the stock. Natixis’ target price points to a potential upside of 12.17% from the stock’s current price.

Shares of STMicroelectronics NV (NYSE:STM) traded up 0.45% on Wednesday, hitting $9.4922. The stock had a trading volume of 1,659,687 shares. STMicroelectronics NV has a one year low of $7.20 and a one year high of $10.05. The stock has a 50-day moving average of $9.13 and a 200-day moving average of $8.30. The company’s market cap is $8.454 billion.

STMicroelectronics NV (ADR) (NYSE:STM) last posted its quarterly earnings results on Monday, April 28th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.02. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the company posted ($0.14) earnings per share. The company’s quarterly revenue was down 9.2% on a year-over-year basis. On average, analysts predict that STMicroelectronics NV will post $0.25 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on STM. Analysts at UBS AG downgraded shares of STMicroelectronics NV (ADR) from a “neutral” rating to a “sell” rating in a research note on Monday, April 14th. Separately, analysts at Societe Generale raised their price target on shares of STMicroelectronics NV (ADR) to $11.00 in a research note on Wednesday, April 9th. Finally, analysts at BNP Paribas raised their price target on shares of STMicroelectronics NV (ADR) to $9.00 in a research note on Thursday, January 30th. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $9.68.

STMicroelectronics NV is a global independent semiconductor company that designs, develops, manufactures and markets a range of semiconductor products used in a variety of microelectronic applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems.

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