STMicroelectronics N.V. (NYSE:STM) Stock Has Consensus Target Price of $76.17 According to Analysts

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.

Get Our Latest Stock Analysis on STMicroelectronics

Institutional Investors Weigh In On STMicroelectronics

Institutional investors have recently modified their holdings of the company. Legacy Wealth Asset Management LLC increased its holdings in shares of STMicroelectronics by 0.5% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 34,613 shares of the semiconductor producer’s stock worth $2,592,000 after buying an additional 167 shares during the last quarter. Midwest Trust Co raised its position in STMicroelectronics by 0.8% during the first quarter. Midwest Trust Co now owns 54,447 shares of the semiconductor producer’s stock valued at $1,881,000 after purchasing an additional 406 shares during the period. Continuum Advisory LLC bought a new stake in shares of STMicroelectronics in the 2nd quarter valued at approximately $34,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of STMicroelectronics by 5.0% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,062 shares of the semiconductor producer’s stock valued at $348,000 after purchasing an additional 479 shares during the last quarter. Finally, Inspire Investing LLC increased its position in shares of STMicroelectronics by 5.0% during the 1st quarter. Inspire Investing LLC now owns 10,261 shares of the semiconductor producer’s stock valued at $355,000 after purchasing an additional 488 shares during the last quarter. 5.05% of the stock is owned by institutional investors.

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

(Get Free Report)

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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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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