AlphaValue Reiterates “Buy” Rating for STMicroelectronics NV (STM)

STMicroelectronics NV (EPA: STM)‘s stock had its “buy” rating reaffirmed by analysts at AlphaValue in a research report issued to clients and investors on Thursday, StockRatingsNetwork reports. They currently have a €9.02 ($11.71) price objective on the stock.

Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated an “outperform” rating on shares of STMicroelectronics NV in a research note to investors on Monday, June 3rd. They now have a €8.69 ($11.29) price target on the stock. Separately, analysts at JPMorgan Chase reiterated an “overweight” rating on shares of STMicroelectronics NV in a research note to investors on Monday, May 20th. They now have a €8.80 ($11.43) price target on the stock. Finally, analysts at Grupo Santander reiterated an “underweight” rating on shares of STMicroelectronics NV in a research note to investors on Friday, May 17th. They now have a €5.20 ($6.75) price target on the stock.

One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. STMicroelectronics NV has an average rating of “Buy” and an average price target of €7.21 ($9.36).

Shares of STMicroelectronics NV (EPA: STM) opened at 7.163 on Thursday. STMicroelectronics NV has a one year low of €3.683 and a one year high of €7.689. The stock’s 50-day moving average is currently €4.5. The company’s market cap is €6.361 billion.

STMicroelectronics N.V. is a global independent semiconductor company that designs, develops, manufactures and markets a range of semiconductor products used in a variety of microelectronic applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems.

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