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

Shares of STMicroelectronics N.V. (NYSE:STM) have been assigned a consensus rating of “Hold” from the seventeen analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $31.1875.

Several research firms recently issued reports on STM. Robert W. Baird set a $45.00 price target on STMicroelectronics in a research report on Friday, October 24th. Weiss Ratings cut shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Mizuho set a $28.00 price target on shares of STMicroelectronics in a research report on Friday, January 9th. TD Cowen reaffirmed a “hold” rating on shares of STMicroelectronics in a research report on Friday, October 24th. Finally, Susquehanna raised their target price on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd.

STMicroelectronics Stock Up 5.1%

NYSE:STM opened at $28.52 on Thursday. The company has a market capitalization of $25.61 billion, a price-to-earnings ratio of 49.16, a price-to-earnings-growth ratio of 3.38 and a beta of 1.56. STMicroelectronics has a one year low of $17.25 and a one year high of $33.47. The stock has a 50-day simple moving average of $25.68 and a 200 day simple moving average of $26.81. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.28 and a current ratio of 3.22.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Wednesday, November 5th. The semiconductor producer reported $0.29 earnings per share (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. Sell-side analysts predict that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Abound Wealth Management acquired a new stake in STMicroelectronics in the fourth quarter worth $26,000. Peterson Wealth Services increased its holdings in shares of STMicroelectronics by 3,086.5% in the 3rd quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock worth $33,000 after acquiring an additional 1,142 shares during the period. Rothschild Investment LLC lifted its position in STMicroelectronics by 248.4% in the 2nd quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock valued at $40,000 after purchasing an additional 929 shares during the last quarter. Advisory Services Network LLC bought a new stake in STMicroelectronics in the 3rd quarter valued at about $52,000. Finally, AlphaCore Capital LLC bought a new position in STMicroelectronics in the 2nd quarter worth about $57,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

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.