STMicroelectronics N.V. (NYSE:STM) Receives Average Recommendation of “Moderate Buy” from Analysts

STMicroelectronics N.V. (NYSE:STM) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $64.3889.

Several equities analysts recently issued reports on the company. UBS Group set a $100.00 price objective on STMicroelectronics in a research report on Wednesday, June 10th. Citigroup restated a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Robert W. Baird set a $90.00 price target on shares of STMicroelectronics in a report on Friday, April 24th. Mizuho increased their price objective on shares of STMicroelectronics from $68.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Finally, Morgan Stanley restated an “overweight” rating on shares of STMicroelectronics in a report on Tuesday, June 30th.

Institutional Trading of STMicroelectronics

Hedge funds and other institutional investors have recently modified their holdings of the company. Portus Wealth Advisors LLC bought a new stake in shares of STMicroelectronics in the first quarter valued at about $32,000. CIBC Private Wealth Group LLC grew its holdings in shares of STMicroelectronics by 3,746.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after buying an additional 974 shares in the last quarter. Abound Wealth Management bought a new position in shares of STMicroelectronics during the fourth quarter worth about $26,000. Public Employees Retirement System of Ohio acquired a new stake in STMicroelectronics in the 1st quarter valued at approximately $45,000. Finally, Advisory Services Network LLC acquired a new stake in STMicroelectronics in the 3rd quarter valued at approximately $52,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

Shares of STMicroelectronics stock opened at $67.93 on Thursday. The company has a market capitalization of $61.01 billion, a PE ratio of 424.60 and a beta of 1.93. STMicroelectronics has a 12 month low of $21.11 and a 12 month high of $81.42. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $70.11 and its 200 day simple moving average is $46.91.

STMicroelectronics (NYSE:STM) last posted its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%.The firm had revenue of $3.10 billion during the quarter. On average, research analysts predict that STMicroelectronics will post 1.25 EPS for the current 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.