STMicroelectronics N.V. (NYSE:STM) Given Consensus Rating of “Hold” by Analysts

Shares of STMicroelectronics N.V. (NYSE:STM) have earned a consensus rating of “Hold” from the twenty research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $30.9375.

Several brokerages recently commented on STM. Mizuho set a $26.00 price target on STMicroelectronics in a research note on Tuesday, December 16th. Barclays reaffirmed an “underweight” rating on shares of STMicroelectronics in a research report on Tuesday, September 16th. TD Cowen decreased their target price on shares of STMicroelectronics from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, October 24th. BNP Paribas upgraded shares of STMicroelectronics from a “hold” rating to an “outperform” rating in a research note on Thursday, September 4th. Finally, Weiss Ratings lowered shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in STM. Legacy Wealth Asset Management LLC grew its stake in shares of STMicroelectronics by 2.6% in the third quarter. Legacy Wealth Asset Management LLC now owns 18,500 shares of the semiconductor producer’s stock worth $523,000 after acquiring an additional 475 shares during the last quarter. Vident Advisory LLC grew its position in STMicroelectronics by 2.5% in the 3rd quarter. Vident Advisory LLC now owns 23,196 shares of the semiconductor producer’s stock worth $656,000 after purchasing an additional 573 shares during the last quarter. CWM LLC increased its holdings in shares of STMicroelectronics by 27.5% during the 2nd quarter. CWM LLC now owns 2,680 shares of the semiconductor producer’s stock worth $82,000 after purchasing an additional 578 shares during the period. Signaturefd LLC increased its holdings in shares of STMicroelectronics by 3.4% during the 3rd quarter. Signaturefd LLC now owns 20,598 shares of the semiconductor producer’s stock worth $582,000 after purchasing an additional 677 shares during the period. Finally, Allworth Financial LP raised its position in shares of STMicroelectronics by 16.5% during the third quarter. Allworth Financial LP now owns 4,817 shares of the semiconductor producer’s stock valued at $136,000 after buying an additional 684 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Trading Up 0.3%

NYSE STM opened at $26.20 on Friday. The company has a current ratio of 3.22, a quick ratio of 2.28 and a debt-to-equity ratio of 0.11. STMicroelectronics has a 1-year low of $17.25 and a 1-year high of $33.47. The firm’s fifty day simple moving average is $24.81 and its 200-day simple moving average is $27.10. The company has a market capitalization of $23.53 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 4.89 and a beta of 1.56.

STMicroelectronics (NYSE:STM) last issued its earnings results on Wednesday, November 5th. The semiconductor producer reported $0.29 EPS for the quarter. STMicroelectronics had a return on equity of 4.06% and a net margin of 4.55%.The firm had revenue of $3.19 billion for the quarter. As a group, sell-side analysts anticipate that STMicroelectronics will post 0.85 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.