Analysts Set STMicroelectronics N.V. (NYSE:STM) Price Target at $31.19

by · The Cerbat Gem

STMicroelectronics N.V. (NYSE:STM – Get Free Report) has been given a consensus recommendation of “Hold” by the twenty ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $31.1875.

A number of research analysts recently commented on the company. Susquehanna boosted their price target on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group set a $26.50 price target on shares of STMicroelectronics and gave the stock a “neutral” rating in a research report on Friday, July 25th. Weiss Ratings cut shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Barclays restated an “underweight” rating on shares of STMicroelectronics in a research report on Tuesday, September 16th. Finally, Baird R W raised STMicroelectronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 22nd.

View Our Latest Stock Analysis on STM

STMicroelectronics Stock Up 1.1%

Shares of STM opened at $23.79 on Friday. The company has a current ratio of 3.22, a quick ratio of 2.28 and a debt-to-equity ratio of 0.11. STMicroelectronics has a 12 month low of $17.25 and a 12 month high of $33.47. The firm’s 50 day moving average is $27.03 and its 200-day moving average is $27.28. The stock has a market capitalization of $21.37 billion, a PE ratio of 41.02, a P/E/G ratio of 4.59 and a beta of 1.67.

STMicroelectronics (NYSE:STM – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The semiconductor producer reported $0.29 earnings per share (EPS) for the quarter. The business had revenue of $3.19 billion for the quarter. STMicroelectronics had a return on equity of 4.06% and a net margin of 4.55%. Equities research analysts forecast that STMicroelectronics will post 0.85 EPS for the current year.

Hedge Funds Weigh In On STMicroelectronics

Hedge funds have recently made changes to their positions in the stock. Peterson Wealth Services increased its holdings in STMicroelectronics by 3,086.5% in the third quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock worth $33,000 after purchasing an additional 1,142 shares in the last quarter. Rothschild Investment LLC boosted its stake in STMicroelectronics by 248.4% during the 2nd quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock valued at $40,000 after purchasing an additional 929 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in STMicroelectronics by 63.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,167 shares of the semiconductor producer’s stock worth $48,000 after purchasing an additional 838 shares in the last quarter. AlphaCore Capital LLC purchased a new stake in shares of STMicroelectronics in the second quarter worth approximately $57,000. Finally, IFP Advisors Inc lifted its holdings in shares of STMicroelectronics by 85.4% in the second quarter. IFP Advisors Inc now owns 2,269 shares of the semiconductor producer’s stock valued at $69,000 after purchasing an additional 1,045 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors.

About STMicroelectronics

(Get Free Report)

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.

Featured Stories