Analyst Rating Update on STMicroelectronics N.V. (STM)

STMicroelectronics N.V. (STM) : 1 brokerage houses believe that STMicroelectronics N.V. (STM) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on STMicroelectronics N.V. (STM). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 2.6.

STMicroelectronics N.V. (STM) : Currently there are 3 street experts covering STMicroelectronics N.V. (STM) stock. The most bullish and bearish price target for the stock is $8 and $6 respectively for the short term. The average price target of all the analysts comes to $6.9. The estimated standard deviation from the target is $1.15.

Company shares have received an average consensus rating of Hold for the current week


STMicroelectronics N.V. (NYSE:STM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.02 and $6.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.07, notching a gain of 0.28% for the day. The total traded volume was 4,789,508 . The stock had closed at $7.05 on the previous day.

STMicroelectronics N.V. is a semiconductor company. The Company designs, develops, manufactures and markets a range of semiconductor products used in applications, such as Internet of Things (IoT), and serving many different end markets. The Company operates through two business segments: Sense & Power and Automotive Products (SP&A) and Embedded Processing Solutions (EPS). The SP&A segment consists of product lines, such as Automotive (APG), Industrial and Power Discrete (IPD), Analog and MEMS (AMS), and other SP&A. The EPS segment consists of product lines, such as Digital Convergence Group (DCG), and Imaging, BI-CMOS ASIC and Silicon Photonics (IBP) (DCG and IBP are combined as DPG); Microcontrollers, Memory & Secure MCU (MMS), and Other EPS. The Company operates in Semiconductors and Subsystems business areas.

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