Shares of STMicroelectronics N.V. (NYSE:STM – Get Free Report) have received a consensus rating of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $76.17.
STM has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of STMicroelectronics in a report on Thursday, June 11th. The Goldman Sachs Group decreased their price target on STMicroelectronics from $67.50 to $60.50 and set a “neutral” rating for the company in a research note on Monday, July 27th. Mizuho lowered their price objective on STMicroelectronics from $84.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. UBS Group set a $100.00 price objective on STMicroelectronics in a research note on Wednesday, June 10th. Finally, TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a report on Monday, July 13th.
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STMicroelectronics Trading Up 7.0%
STM opened at $57.24 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.78 and a quick ratio of 2.08. STMicroelectronics has a fifty-two week low of $21.11 and a fifty-two week high of $81.42. The company’s 50 day moving average price is $51.83 and its two-hundred day moving average price is $55.72. The firm has a market capitalization of $51.41 billion, a price-to-earnings ratio of 112.24 and a beta of 1.96.
STMicroelectronics (NYSE:STM – Get Free Report) last released its quarterly earnings results on Friday, July 24th. The semiconductor producer reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. STMicroelectronics had a net margin of 3.56% and a return on equity of 4.30%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.46 billion. As a group, research analysts predict that STMicroelectronics will post 1.3 earnings per share for the current year.
About STMicroelectronics
STMicroelectronics N.V. (NYSE: STM) is a global semiconductor company that designs, develops, manufactures and markets a broad range of electronic components and solutions. Its products support applications in automotive, industrial, personal electronics, communications infrastructure and other technology markets.
The company’s portfolio includes microcontrollers, microprocessors, analog and mixed-signal integrated circuits, power semiconductors, sensors, MEMS devices, connectivity products and embedded-processing solutions.
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