STMicroelectronics N.V. (NYSE:STM) Receives $31.93 Average PT from Analysts

Shares of STMicroelectronics N.V. (NYSE:STM) have been assigned an average rating of “Hold” from the fourteen brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $31.9286.

A number of equities research analysts recently weighed in on the stock. Mizuho set a $28.00 price objective on shares of STMicroelectronics in a report on Friday, January 9th. Morgan Stanley upgraded shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a report on Thursday, March 26th. Weiss Ratings lowered shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Finally, Susquehanna lifted their price objective on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a report on Monday, February 23rd.

Institutional Investors Weigh In On STMicroelectronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its holdings in STMicroelectronics by 28.8% during the 4th quarter. Hsbc Holdings PLC now owns 27,168 shares of the semiconductor producer’s stock valued at $709,000 after buying an additional 6,073 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in STMicroelectronics by 6.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 33,863 shares of the semiconductor producer’s stock valued at $878,000 after buying an additional 2,096 shares in the last quarter. Invesco Ltd. lifted its holdings in STMicroelectronics by 29.9% during the 4th quarter. Invesco Ltd. now owns 5,199,951 shares of the semiconductor producer’s stock valued at $134,887,000 after buying an additional 1,196,018 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in STMicroelectronics by 12.1% during the 4th quarter. Mackenzie Financial Corp now owns 558,730 shares of the semiconductor producer’s stock valued at $14,532,000 after buying an additional 60,418 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in STMicroelectronics by 16.6% during the 4th quarter. Empowered Funds LLC now owns 24,763 shares of the semiconductor producer’s stock valued at $642,000 after buying an additional 3,521 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Price Performance

STM stock opened at $40.28 on Tuesday. STMicroelectronics has a 12 month low of $19.50 and a 12 month high of $40.41. The company has a current ratio of 3.36, a quick ratio of 2.43 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $33.51 and a 200 day moving average price of $28.89. The stock has a market cap of $36.18 billion, a PE ratio of 223.78 and a beta of 1.51.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Friday, January 30th. The semiconductor producer reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). STMicroelectronics had a return on equity of 2.70% and a net margin of 1.41%.The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Equities research analysts anticipate that STMicroelectronics will post 0.85 earnings per share for the current 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.