Robert W. Baird analyst Tristan Gerra maintained a Hold rating on STMicroelectronics (STM – Research Report) yesterday. The company’s shares closed yesterday at $45.60.
Gerra covers the Technology sector, focusing on stocks such as Diodes, Advanced Micro Devices, and Broadcom. According to TipRanks, Gerra has an average return of 9.1% and a 54.26% success rate on recommended stocks.
STMicroelectronics has an analyst consensus of Strong Buy, with a price target consensus of $50.40.
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STM market cap is currently $41.94B and has a P/E ratio of 9.89.
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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 Reports Q4 and FY 2023 Financial Results
- STM Upcoming Earnings Report: What to Expect?
- STMicroelectronics Announces Status of Common Share Repurchase Program
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- STMicroelectronics price target lowered to EUR 52 from EUR 57 at Barclays
