STMicroelectronics N.V. (NYSE:STM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

STMicroelectronics N.V. (NYSE:STM) has been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $51.9286.

Several analysts recently weighed in on the company. TD Cowen reissued a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. Citigroup reissued a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Robert W. Baird set a $90.00 price target on STMicroelectronics in a report on Friday, April 24th. Susquehanna lifted their price target on STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, February 23rd. Finally, Mizuho lifted their price target on STMicroelectronics from $56.00 to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th.

Hedge Funds Weigh In On STMicroelectronics

A number of hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its stake in STMicroelectronics by 82.3% during the 1st 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 during the period. Empowered Funds LLC increased its stake in STMicroelectronics by 5.6% during the 1st 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 during the period. The Manufacturers Life Insurance Company bought a new position in STMicroelectronics during the 1st quarter worth $19,132,000. Quantinno Capital Management LP increased its stake in STMicroelectronics by 29.9% during the 1st quarter. Quantinno Capital Management LP now owns 277,370 shares of the semiconductor producer’s stock worth $9,583,000 after acquiring an additional 63,786 shares during the period. Finally, Polar Asset Management Partners Inc. bought a new position in STMicroelectronics during the 1st quarter worth $2,600,000. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

NYSE:STM opened at $70.81 on Wednesday. The stock has a market cap of $63.60 billion, a P/E ratio of 442.59 and a beta of 1.89. The stock has a 50 day simple moving average of $46.56 and a 200 day simple moving average of $34.61. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.12. STMicroelectronics has a 1-year low of $21.11 and a 1-year high of $71.07.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. The business had revenue of $3.10 billion during the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%. Research analysts anticipate that STMicroelectronics will post 1.09 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.