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

STMicroelectronics N.V. (NYSE:STM) has been given an average recommendation of “Moderate Buy” by the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $76.17.

A number of research firms recently weighed in on STM. Craig Hallum reaffirmed a “buy” rating and issued a $70.00 price objective on shares of STMicroelectronics in a research note on Thursday, July 23rd. UBS Group set a $100.00 target price on shares of STMicroelectronics in a research report on Wednesday, June 10th. Citigroup restated a “buy” rating on shares of STMicroelectronics in a report on Wednesday, September 2nd. Susquehanna increased their price objective on shares of STMicroelectronics from $60.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a research note on Thursday, June 11th.

STMicroelectronics Trading Up 0.3%

STM opened at $53.51 on Tuesday. The stock’s fifty day moving average is $51.71 and its two-hundred day moving average is $55.71. The company has a market capitalization of $48.06 billion, a P/E ratio of 104.93 and a beta of 1.96. STMicroelectronics has a 52 week low of $21.11 and a 52 week high of $81.42. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 0.16.

STMicroelectronics (NYSE:STM) last issued its earnings results on Friday, July 24th. The semiconductor producer reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.46 billion. STMicroelectronics had a return on equity of 4.30% and a net margin of 3.56%. Analysts forecast that STMicroelectronics will post 1.3 earnings per share for the current year.

Institutional Investors Weigh In On STMicroelectronics

A number of hedge funds have recently made changes to their positions in the stock. Situational Awareness LP purchased a new stake in STMicroelectronics in the 2nd quarter valued at $584,344,000. Militia Capital Management LLC acquired a new position in STMicroelectronics in the first quarter valued at approximately $3,455,000. PNC Financial Services Group Inc. grew its position in STMicroelectronics by 65.3% in the first quarter. PNC Financial Services Group Inc. now owns 228,674 shares of the semiconductor producer’s stock worth $7,901,000 after acquiring an additional 90,330 shares during the period. Revere Asset Management Inc acquired a new stake in STMicroelectronics during the second quarter worth $8,437,000. Finally, Cetera Investment Advisers raised its position in STMicroelectronics by 98.1% in the first quarter. Cetera Investment Advisers now owns 72,354 shares of the semiconductor producer’s stock valued at $2,500,000 after purchasing an additional 35,829 shares during the period. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

STMicroelectronics Company Profile

STMicroelectronics N.V. (NYSE: STM) is a global semiconductor company that designs, develops, manufactures and markets a broad range of electronic components and solutions. Its products support applications in automotive, industrial, personal electronics, communications infrastructure and other technology markets.

The company’s portfolio includes microcontrollers, microprocessors, analog and mixed-signal integrated circuits, power semiconductors, sensors, MEMS devices, connectivity products and embedded-processing solutions.