STMicroelectronics (NYSE:STM) Upgraded to "Outperform" at BNP Paribas

Key Points

• STMicroelectronics' stock rating has been upgraded by BNP Paribas from "hold" to "strong-buy," reflecting positive sentiment from analysts.
• STMicroelectronics reported a quarterly earnings miss, with an EPS of $0.06 compared to an expected $0.10, despite revenues of $2.77 billion exceeding estimates.
• The current consensus rating for STMicroelectronics is "Moderate Buy," with a target price averaging $32.06 set by analysts.

BNP Paribas upgraded shares of STMicroelectronics (NYSE:STM - Free Report) from a hold rating to an outperform rating in a research note issued to investors on Thursday, Marketbeat.com reports.

Several other analysts have also recently issued reports on STM. Robert W. Baird upgraded STMicroelectronics from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $23.00 to $50.00 in a research report on Tuesday, July 22nd. Baird R W upgraded STMicroelectronics from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of STMicroelectronics in a report on Friday, July 25th. TD Cowen cut their price target on STMicroelectronics from $34.00 to $27.00 and set a "hold" rating for the company in a report on Friday, July 25th. Finally, Susquehanna raised their price target on STMicroelectronics from $30.00 to $40.00 and gave the company a "positive" rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.06.

STMicroelectronics Price Performance

Shares of NYSE:STM traded down $0.02 during trading on Thursday, hitting $25.94. 2,170,665 shares of the company's stock were exchanged, compared to its average volume of 7,447,666. 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 52-week low of $17.25 and a 52-week high of $33.47. The business's 50-day simple moving average is $28.08 and its 200 day simple moving average is $25.89. The company has a market cap of $23.29 billion, a price-to-earnings ratio of 37.56, a PEG ratio of 4.18 and a beta of 1.62.

STMicroelectronics (NYSE:STM - Get Free Report) last released its earnings results on Thursday, July 24th. The semiconductor producer reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). STMicroelectronics had a return on equity of 4.55% and a net margin of 5.49%.The business had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.71 billion. STMicroelectronics has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that STMicroelectronics will post 0.85 EPS for the current year.

Hedge Funds Weigh In On STMicroelectronics

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Orion Porfolio Solutions LLC boosted its holdings in shares of STMicroelectronics by 27.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 14,295 shares of the semiconductor producer's stock worth $435,000 after purchasing an additional 3,053 shares during the period. Evergreen Capital Management LLC bought a new stake in shares of STMicroelectronics during the 2nd quarter worth approximately $436,000. 44 Wealth Management LLC bought a new stake in shares of STMicroelectronics during the 2nd quarter worth approximately $744,000. Rakuten Securities Inc. lifted its stake in shares of STMicroelectronics by 132.7% during the 2nd quarter. Rakuten Securities Inc. now owns 2,916 shares of the semiconductor producer's stock worth $89,000 after acquiring an additional 1,663 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its stake in shares of STMicroelectronics by 87.4% during the 2nd quarter. Corient Private Wealth LLC now owns 94,254 shares of the semiconductor producer's stock worth $2,866,000 after acquiring an additional 43,958 shares during the last quarter. Hedge funds and other institutional investors own 5.05% of the company's stock.

About STMicroelectronics

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.