STMicroelectronics N.V. (NYSE:STM) Receives Average Recommendation of “Hold” from Brokerages

STMicroelectronics N.V. (NYSE:STM) has been assigned an average recommendation of “Hold” from the fourteen analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $31.9286.

A number of equities analysts have commented on the company. Robert W. Baird set a $45.00 price target on STMicroelectronics in a research note on Friday, October 24th. TD Cowen restated a “hold” rating on shares of STMicroelectronics in a report on Friday, October 24th. Mizuho set a $28.00 target price on shares of STMicroelectronics in a research note on Friday, January 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of STMicroelectronics in a report on Wednesday, January 21st. Finally, Susquehanna raised their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Legacy Wealth Asset Management LLC grew its position in shares of STMicroelectronics by 2.6% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 18,500 shares of the semiconductor producer’s stock worth $523,000 after buying an additional 475 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of STMicroelectronics by 13.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,405 shares of the semiconductor producer’s stock valued at $115,000 after acquiring an additional 509 shares in the last quarter. Earnest Partners LLC lifted its stake in STMicroelectronics by 3.2% in the fourth quarter. Earnest Partners LLC now owns 17,282 shares of the semiconductor producer’s stock worth $448,000 after acquiring an additional 534 shares during the period. Vident Advisory LLC boosted its holdings in STMicroelectronics by 2.5% in the third quarter. Vident Advisory LLC now owns 23,196 shares of the semiconductor producer’s stock valued at $656,000 after acquiring an additional 573 shares in the last quarter. Finally, CWM LLC increased its position in STMicroelectronics by 27.5% during the 2nd quarter. CWM LLC now owns 2,680 shares of the semiconductor producer’s stock valued at $82,000 after purchasing an additional 578 shares during the period. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Price Performance

Shares of NYSE:STM opened at $33.62 on Monday. The company’s fifty day moving average is $28.09 and its 200 day moving average is $26.74. The company has a quick ratio of 2.43, a current ratio of 3.36 and a debt-to-equity ratio of 0.10. STMicroelectronics has a 52 week low of $17.25 and a 52 week high of $35.07. The stock has a market cap of $30.20 billion, a PE ratio of 186.81 and a beta of 1.59.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Thursday, January 29th. The semiconductor producer reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). STMicroelectronics had a net margin of 1.41% and a return on equity of 2.70%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.29 billion. Research analysts anticipate that STMicroelectronics will post 0.85 earnings per share for the current year.

STMicroelectronics Company Profile

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.