STMicroelectronics N.V. (NYSE:STM) Receives Consensus Rating of “Moderate Buy” from Brokerages

STMicroelectronics N.V. (NYSE:STM) has been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $49.0714.

A number of analysts have recently weighed in on STM shares. Mizuho set a $48.00 target price on STMicroelectronics and gave the company an “outperform” rating in a research note on Thursday, April 16th. TD Cowen restated a “hold” rating on shares of STMicroelectronics in a research note on Friday, April 24th. Susquehanna raised their target price on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research note on Monday, February 23rd. Citigroup restated a “buy” rating on shares of STMicroelectronics in a research note on Sunday, April 26th. Finally, Robert W. Baird set a $90.00 target price on STMicroelectronics in a research note on Friday, April 24th.

STMicroelectronics Stock Performance

STMicroelectronics stock opened at $59.15 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34. The stock has a fifty day moving average price of $38.73 and a two-hundred day moving average price of $31.17. STMicroelectronics has a 52-week low of $21.11 and a 52-week high of $59.40. The firm has a market capitalization of $53.13 billion, a P/E ratio of 369.74 and a beta of 1.89.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data 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. As a group, analysts anticipate that STMicroelectronics will post 1.09 EPS for the current fiscal year.

Institutional Trading of STMicroelectronics

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp increased its stake in shares of STMicroelectronics by 12.2% in the fourth quarter. Van ECK Associates Corp now owns 10,532,428 shares of the semiconductor producer’s stock valued at $273,211,000 after buying an additional 1,145,426 shares in the last quarter. Morgan Stanley increased its position in STMicroelectronics by 40.6% in the fourth quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock worth $159,691,000 after purchasing an additional 1,778,113 shares during the period. Invesco Ltd. increased its position in STMicroelectronics by 29.9% in the fourth quarter. Invesco Ltd. now owns 5,199,951 shares of the semiconductor producer’s stock worth $134,887,000 after purchasing an additional 1,196,018 shares during the period. Bank of America Corp DE increased its position in STMicroelectronics by 43.9% in the second quarter. Bank of America Corp DE now owns 4,348,569 shares of the semiconductor producer’s stock worth $132,240,000 after purchasing an additional 1,326,020 shares during the period. Finally, JPMorgan Chase & Co. increased its position in STMicroelectronics by 19.1% in the third quarter. JPMorgan Chase & Co. now owns 3,990,874 shares of the semiconductor producer’s stock worth $112,782,000 after purchasing an additional 641,327 shares during the period. 5.05% of the stock is currently owned by institutional investors and hedge funds.

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.