Susquehanna Forecasts Strong Price Appreciation for STMicroelectronics (NYSE:STM) Stock

Key Points

• Susquehanna has raised its price target for STMicroelectronics from $35.00 to $40.00, indicating a potential upside of 34.11% based on the stock's previous close.
• Analyst ratings for STMicroelectronics are mixed, with one Strong Buy, eight Buy, eight Hold, and two Sell ratings, while the average price target sits at $32.06.
• Institutional investors have increased their stakes in STMicroelectronics significantly, with notable increases from firms like ABC Arbitrage and BNP Paribas Financial Markets in the recent quarter.

STMicroelectronics (NYSE:STM - Get Free Report) had its price target increased by stock analysts at Susquehanna from $35.00 to $40.00 in a research note issued on Wednesday, Marketbeat Ratings reports. The firm currently has a "positive" rating on the semiconductor producer's stock. Susquehanna's price objective points to a potential upside of 34.11% from the stock's previous close.

A number of other equities analysts have also recently commented on the company. BNP Paribas raised STMicroelectronics from a "hold" rating to an "outperform" rating in a research note on Thursday, September 4th. Robert W. Baird raised STMicroelectronics from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $23.00 to $50.00 in a research note on Tuesday, July 22nd. TD Cowen dropped their price target on STMicroelectronics from $34.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, July 25th. Weiss Ratings lowered STMicroelectronics from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of STMicroelectronics in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $32.06.

STMicroelectronics Price Performance

Shares of NYSE:STM traded down $0.71 on Wednesday, hitting $29.83. The company's stock had a trading volume of 2,013,229 shares, compared to its average volume of 7,198,877. The company has a 50-day simple moving average of $27.55 and a 200 day simple moving average of $26.74. STMicroelectronics has a 1 year low of $17.25 and a 1 year high of $33.47. The company has a market capitalization of $26.79 billion, a PE ratio of 43.31, a PEG ratio of 6.22 and a beta of 1.66. 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 (NYSE:STM - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The semiconductor producer reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.04). The firm had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.71 billion. STMicroelectronics had a net margin of 5.49% and a return on equity of 4.55%. STMicroelectronics has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Institutional Trading of STMicroelectronics

Institutional investors have recently made changes to their positions in the business. ABC Arbitrage SA lifted its stake in shares of STMicroelectronics by 55.1% in the 1st quarter. ABC Arbitrage SA now owns 95,851 shares of the semiconductor producer's stock valued at $2,105,000 after purchasing an additional 34,042 shares during the last quarter. Foresight Global Investors Inc. bought a new stake in shares of STMicroelectronics in the 1st quarter valued at approximately $11,154,000. BNP Paribas Financial Markets increased its holdings in STMicroelectronics by 59.9% during the 1st quarter. BNP Paribas Financial Markets now owns 2,451,052 shares of the semiconductor producer's stock worth $53,825,000 after purchasing an additional 918,263 shares during the period. Ridgewood Investments LLC increased its holdings in shares of STMicroelectronics by 325.1% in the 1st quarter. Ridgewood Investments LLC now owns 13,174 shares of the semiconductor producer's stock valued at $289,000 after acquiring an additional 10,075 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of STMicroelectronics by 40.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 62,873 shares of the semiconductor producer's stock valued at $1,381,000 after acquiring an additional 18,030 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.