STMicroelectronics N.V. (NYSE:STM) Stock Has Consensus Target Price of $76.17

STMicroelectronics N.V. (NYSE:STM) has received a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $76.17.

STM has been the topic of several recent analyst reports. Barclays set a $60.00 price target on STMicroelectronics in a research note on Friday, July 24th. TD Cowen lowered their price target on STMicroelectronics from $55.00 to $50.00 and set a “hold” rating for the company in a report on Monday, October 19th. Mizuho cut their price objective on STMicroelectronics from $84.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. Citigroup restated a “buy” rating on shares of STMicroelectronics in a report on Wednesday, September 2nd. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $70.00 target price on shares of STMicroelectronics in a research report on Thursday, July 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in STM. Continuum Advisory LLC acquired a new stake in shares of STMicroelectronics in the second quarter valued at about $34,000. Anchor Investment Management LLC purchased a new stake in STMicroelectronics during the second quarter worth $37,000. MCF Advisors LLC acquired a new stake in STMicroelectronics in the second quarter valued at $57,000. Portus Wealth Advisors LLC acquired a new position in STMicroelectronics during the first quarter worth about $32,000. Finally, Public Employees Retirement System of Ohio acquired a new position in STMicroelectronics during the first quarter worth about $45,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Price Performance

NYSE:STM opened at $48.45 on Friday. STMicroelectronics has a one year low of $21.11 and a one year high of $81.42. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.08 and a current ratio of 2.78. The stock has a market cap of $43.52 billion, a PE ratio of 95.01 and a beta of 1.96. The stock has a 50 day moving average price of $50.38 and a 200 day moving average price of $49.64.

About STMicroelectronics

STMicroelectronics N.V. (NYSE: STM) is a global semiconductor company that designs, develops, manufactures and markets a broad range of integrated circuits and other semiconductor products. Its offerings support applications in automotive, industrial, personal electronics, communications equipment and computer systems.

The company’s product portfolio includes microcontrollers, analog and power semiconductors, sensors, microelectromechanical systems (MEMS), connectivity products and automotive chips.