Craig-Hallum analyst Eric Stine assigned a Buy rating to the stock on January 18. The company’s shares opened today at $45.19.
Stine covers the Industrials sector, focusing on stocks such as PureCycle Technologies, Aspen Aerogels, and American Superconductor. According to TipRanks, Stine has an average return of 0.9% and a 32.00% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for STMicroelectronics with a $50.89 average price target.
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STM market cap is currently $39.91B and has a P/E ratio of 9.68.
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STMicroelectronics (STM) Company Description:
Founded in 1987 and based in Switzerland, STMicroelectronics NV develops, manufactures, and markets semiconductor products in Europe, the Middle East, and Africa (EMEA), the Americas, and the Asia Pacific. It operates through the following segments: Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group.
Read More on STM:
- STMicroelectronics Announces Status of Common Share Repurchase Program
- Sphere Studios and STMicroelectronics reveal new details on the world’s largest cinema image sensor
- STMicroelectronics price target lowered to EUR 52 from EUR 57 at Barclays
- STMicroelectronics announces new product groups organization
- STMicroelectronics announces new organization
