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

Key Points

• STMicroelectronics has a “Moderate Buy” consensus rating from 12 analysts, with seven buys and five holds. The average 12-month price target is $76.17, well above the stock’s recent $52.77 price.
• Recent analyst views were mixed: Bank of America upgraded the stock to “buy” with a $100 target, while Zacks Research downgraded it to “hold”; other targets ranged from $60 to $80.
• STMicroelectronics exceeded quarterly expectations, reporting adjusted EPS of $0.31 versus a $0.26 estimate and revenue of $3.49 billion versus $3.46 billion expected. Institutional investors and hedge funds own 5.05% of the company.

Shares of STMicroelectronics N.V. (NYSE:STM - Get Free Report) have earned an average rating of "Moderate Buy" from the twelve brokerages that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $76.17.

Several equities analysts have commented on the stock. Craig Hallum reiterated a "buy" rating and issued a $70.00 price objective on shares of STMicroelectronics in a report on Thursday, July 23rd. Bank of America upgraded shares of STMicroelectronics from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research note on Wednesday, June 10th. Zacks Research lowered shares of STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 3rd. Barclays set a $60.00 price target on shares of STMicroelectronics in a report on Friday, July 24th. Finally, Mizuho cut their price objective on shares of STMicroelectronics from $84.00 to $80.00 and set an "outperform" rating for the company in a research report on Friday, July 24th.

Institutional Trading of STMicroelectronics

Several hedge funds have recently added to or reduced their stakes in STM. QRG Capital Management Inc. grew its holdings in STMicroelectronics by 173.0% in the 2nd quarter. QRG Capital Management Inc. now owns 39,103 shares of the semiconductor producer's stock valued at $2,928,000 after buying an additional 24,780 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of STMicroelectronics during the second quarter worth $37,000. Revere Asset Management Inc acquired a new stake in shares of STMicroelectronics during the second quarter worth $8,437,000. Sequoia Financial Advisors LLC boosted its position in shares of STMicroelectronics by 21.9% in the second quarter. Sequoia Financial Advisors LLC now owns 17,929 shares of the semiconductor producer's stock valued at $1,343,000 after acquiring an additional 3,216 shares during the period. Finally, MCF Advisors LLC bought a new stake in shares of STMicroelectronics in the second quarter valued at about $57,000. 5.05% of the stock is owned by institutional investors and hedge funds.

STMicroelectronics Price Performance

NYSE:STM opened at $52.77 on Tuesday. STMicroelectronics has a 12-month low of $21.11 and a 12-month high of $81.42. The firm has a market capitalization of $47.40 billion, a price-to-earnings ratio of 103.47 and a beta of 1.93. The stock's 50 day moving average price is $52.21 and its two-hundred day moving average price is $55.29. 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 - Get Free Report) last issued its earnings results on Friday, July 24th. The semiconductor producer reported $0.31 EPS for the quarter, topping the consensus estimate of $0.26 by $0.05. STMicroelectronics had a return on equity of 4.30% and a net margin of 3.56%.The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.46 billion. On average, analysts anticipate that STMicroelectronics will post 1.3 earnings per share for the current 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 electronic components. Its products are used in automotive systems, industrial equipment, personal electronics, communications infrastructure and other embedded applications.

The company's portfolio includes microcontrollers and microprocessors, analog and mixed-signal devices, power semiconductors, sensors, MEMS devices, connectivity products and automotive semiconductors.

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