Analysts Set STMicroelectronics (NYSE:STM) Target Price at $37.63

Shares of STMicroelectronics (NYSE:STM) have received an average rating of “Moderate Buy” from the twelve analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $37.63.

STM has been the subject of a number of research analyst reports. Robert W. Baird lowered their price objective on shares of STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Citigroup upgraded STMicroelectronics to a “strong-buy” rating in a research note on Thursday, October 10th. Craig Hallum reduced their price target on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. StockNews.com downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Finally, Morgan Stanley downgraded shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 4th.

STMicroelectronics Stock Up 5.2 %

NYSE STM opened at $25.76 on Friday. The business has a fifty day moving average price of $27.41 and a two-hundred day moving average price of $33.69. The stock has a market capitalization of $23.27 billion, a PE ratio of 10.60, a PEG ratio of 2.98 and a beta of 1.57. STMicroelectronics has a fifty-two week low of $23.95 and a fifty-two week high of $51.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.16.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.27 billion. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. STMicroelectronics’s revenue was down 26.6% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share. Equities analysts expect that STMicroelectronics will post 1.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On STMicroelectronics

Large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its holdings in shares of STMicroelectronics by 26.5% during the 3rd quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer’s stock worth $228,655,000 after buying an additional 1,719,257 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of STMicroelectronics by 177.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,311,888 shares of the semiconductor producer’s stock valued at $90,806,000 after acquiring an additional 1,478,213 shares during the period. Two Sigma Advisers LP lifted its position in shares of STMicroelectronics by 674.2% during the 3rd quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock valued at $41,524,000 after acquiring an additional 1,216,300 shares during the period. Lazard Asset Management LLC boosted its stake in STMicroelectronics by 1,564,831.9% during the first quarter. Lazard Asset Management LLC now owns 1,079,803 shares of the semiconductor producer’s stock worth $46,690,000 after acquiring an additional 1,079,734 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of STMicroelectronics by 128.1% during the second quarter. Federated Hermes Inc. now owns 648,403 shares of the semiconductor producer’s stock valued at $25,469,000 after purchasing an additional 364,184 shares during the period. Institutional investors and hedge funds 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.