STMicroelectronics (NYSE:STM) Given New $25.00 Price Target at TD Cowen

Key Points

• TD Cowen has reduced its price target for STMicroelectronics from $27.00 to $25.00, maintaining a "hold" rating, indicating a potential downside of 1.28% from the stock's previous close.
• The stock has recently experienced a significant decline, currently trading at $25.32, which is down approximately 13.0%.
• STMicroelectronics reported better-than-expected quarterly earnings, with an EPS of $0.29, surpassing the consensus estimate of $0.22.

STMicroelectronics (NYSE:STM - Get Free Report) had its price target reduced by equities research analysts at TD Cowen from $27.00 to $25.00 in a note issued to investors on Friday. The brokerage currently has a "hold" rating on the semiconductor producer's stock. TD Cowen's price objective suggests a potential downside of 1.28% from the stock's previous close.

STM has been the topic of several other research reports. Oddo Bhf raised STMicroelectronics to an "outperform" rating in a research note on Wednesday, July 2nd. Barclays restated an "underweight" rating on shares of STMicroelectronics in a research note on Tuesday, September 16th. BNP Paribas raised STMicroelectronics from a "hold" rating to an "outperform" rating in a research report on Thursday, September 4th. BNP Paribas Exane raised STMicroelectronics from a "neutral" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Thursday, September 4th. Finally, Craig Hallum cut STMicroelectronics from a "buy" rating to a "hold" rating and set a $28.00 price target for the company. in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $31.81.

STMicroelectronics Stock Down 13.0%

STMicroelectronics stock opened at $25.32 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.74 and a quick ratio of 1.96. STMicroelectronics has a 12 month low of $17.25 and a 12 month high of $33.47. The stock has a market capitalization of $22.75 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 5.99 and a beta of 1.66. The business has a 50 day simple moving average of $27.60 and a 200-day simple moving average of $26.80.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its earnings results on Thursday, October 23rd. The semiconductor producer reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.07. The company had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.18 billion. STMicroelectronics had a return on equity of 4.55% and a net margin of 5.49%. STMicroelectronics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts anticipate that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On STMicroelectronics

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rothschild Investment LLC increased its position in shares of 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 period. Smartleaf Asset Management LLC grew its holdings in shares of STMicroelectronics by 63.1% during the first quarter. Smartleaf Asset Management LLC now owns 2,167 shares of the semiconductor producer's stock valued at $48,000 after buying an additional 838 shares in the last quarter. AlphaCore Capital LLC purchased a new position in shares of STMicroelectronics during the second quarter valued at $57,000. IFP Advisors Inc boosted its position in STMicroelectronics by 85.4% during 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 during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in STMicroelectronics by 396.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,197 shares of the semiconductor producer's stock valued at $70,000 after purchasing an additional 2,553 shares during the last quarter. 5.05% of the stock is owned by institutional investors.

STMicroelectronics Company Profile

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.

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