STMicroelectronics N.V. (NYSE:STM) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts have a Moderate Buy consensus on STMicroelectronics, with eight buy ratings and five holds among 13 analysts. The average 12-month price target is $71.65.
• Recent analyst views have been mixed: Susquehanna raised its target to $75, while Goldman Sachs cut its target to $60.50 and Zacks Research downgraded the stock to hold.
• STMicroelectronics exceeded quarterly expectations, reporting $0.31 in EPS versus a $0.26 consensus estimate and $3.49 billion in revenue versus $3.46 billion expected.

Shares of STMicroelectronics N.V. (NYSE:STM - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $71.65.

STM has been the topic of several recent analyst reports. Susquehanna lifted their target price on STMicroelectronics from $60.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, July 21st. Barclays set a $60.00 price objective on shares of STMicroelectronics in a report on Friday, July 24th. Zacks Research cut shares of STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 3rd. The Goldman Sachs Group lowered their target price on shares of STMicroelectronics from $67.50 to $60.50 and set a "neutral" rating on the stock in a report on Monday, July 27th. Finally, Morgan Stanley restated an "overweight" rating on shares of STMicroelectronics in a research report on Tuesday, June 30th.

Institutional Trading of STMicroelectronics

Several hedge funds have recently bought and sold shares of STM. CIBC Private Wealth Group LLC grew its position in shares of STMicroelectronics by 3,746.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer's stock valued at $26,000 after purchasing an additional 974 shares in the last quarter. Portus Wealth Advisors LLC purchased a new stake in shares of STMicroelectronics in the first quarter worth about $32,000. Public Employees Retirement System of Ohio bought a new position in STMicroelectronics during the first quarter valued at approximately $45,000. Advisory Services Network LLC bought a new position in STMicroelectronics during the third quarter valued at approximately $52,000. Finally, Brown Brothers Harriman & Co. grew its holdings in STMicroelectronics by 350.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,680 shares of the semiconductor producer's stock valued at $70,000 after buying an additional 2,085 shares in the last quarter. Hedge funds and other institutional investors own 5.05% of the company's stock.

STMicroelectronics Trading Down 0.0%

Shares of STMicroelectronics stock opened at $56.10 on Monday. STMicroelectronics has a fifty-two week low of $21.11 and a fifty-two week high of $81.42. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.08 and a current ratio of 2.78. The company has a market capitalization of $50.38 billion, a P/E ratio of 109.99 and a beta of 1.95. The company has a fifty day moving average of $67.36 and a 200 day moving average of $50.30.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The semiconductor producer reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.05. The business had revenue of $3.49 billion for 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%. On average, sell-side analysts anticipate that STMicroelectronics will post 1.3 earnings per share for the current fiscal year.

STMicroelectronics Company Profile

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST's offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.

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