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

Key Points

• Analysts rate STMicroelectronics a “Moderate Buy”: Seven of 12 analysts recommend buying the stock, while five have a hold rating. The average 12-month price target is $76.17.
• Institutional investors have recently increased exposure, including Situational Awareness LP’s approximately $584.3 million stake. Institutions and hedge funds collectively own 5.05% of the company.
• STMicroelectronics shares opened at $43.99, well below the analyst consensus target and its 52-week high of $81.42. In its latest quarter, the company beat expectations with EPS of $0.31 versus $0.26 and revenue of $3.49 billion.

Shares of STMicroelectronics N.V. (NYSE:STM - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $76.17.

Several equities research analysts have recently issued reports on STM shares. Zacks Research cut shares of STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 3rd. Craig Hallum reissued a "buy" rating and issued a $70.00 target price on shares of STMicroelectronics in a report on Thursday, July 23rd. TD Cowen dropped their target price on STMicroelectronics from $55.00 to $50.00 and set a "hold" rating on the stock in a report on Monday, October 19th. Susquehanna raised their price target on STMicroelectronics from $60.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, July 21st. Finally, Citigroup reaffirmed a "buy" rating on shares of STMicroelectronics in a report on Wednesday, September 2nd.

Institutional Investors Weigh In On STMicroelectronics

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Situational Awareness LP acquired a new stake in shares of STMicroelectronics in the 2nd quarter valued at about $584,344,000. Annex Advisory Services LLC purchased a new position in STMicroelectronics during the 3rd quarter worth approximately $38,877,000. The Manufacturers Life Insurance Company acquired a new position in STMicroelectronics during the first quarter worth approximately $19,132,000. Beaconlight Capital LLC acquired a new position in STMicroelectronics during the first quarter worth approximately $13,284,000. Finally, Generate Investment Management Ltd acquired a new position in STMicroelectronics during the third quarter worth approximately $15,857,000. Institutional investors and hedge funds own 5.05% of the company's stock.

STMicroelectronics Stock Down 0.2%

Shares of STMicroelectronics stock opened at $43.99 on Friday. 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 has a 52-week low of $21.11 and a 52-week high of $81.42. The company has a market capitalization of $39.51 billion, a P/E ratio of 86.26 and a beta of 1.96. The company has a 50 day moving average of $50.74 and a 200 day moving average of $57.45.

STMicroelectronics (NYSE:STM - Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The semiconductor producer reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.05. STMicroelectronics had a net margin of 3.56% and a return on equity of 4.30%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.46 billion. As a group, research analysts forecast that STMicroelectronics will post 1.30 EPS for the current fiscal year.

STMicroelectronics Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.