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A statement released earlier today by Craig Hallum about STMicroelectronics (NYSE:STM) bumps the target price to $10.00

STMicroelectronics (NYSE:STM) had its target price raised to $10.00 by Craig Hallum in a report released 10/14/2016. The new target price indicates a possible upside of 0.25% based on the company's last stock close price.

Previously on 10/10/2016, Robert W. Baird reported about STMicroelectronics (NYSE:STM) raised the target price from $7.00 to $11.00. At the time, this indicated a possible upside of 0.32%.

Yesterday STMicroelectronics (NYSE:STM) traded 0.00% even at $7.99. The company’s 50-day moving average is $7.84 and its 200-day moving average is $6.54. The last stock close price is up 21.00% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 55,600 shares of the stock were exchanged, down from an average trading volume of 2,154,010

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STMicroelectronics (NYSE:STM)

STMicroelectronics has a 52 week low of $5.11 and a 52 week high of $8.41 with a P/E ratio of 94.17 The company’s market cap is currently $0.

In addition to Craig Hallum reporting its target price, a total of 5 firms have issued a report on the stock. The consensus target price is $6.42 with 0 firms rating the stock a strong buy, 2 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

General Information About STMicroelectronics (NYSE:STM)

STMicroelectronics N.V. is a global semiconductor company. The Company is focused on Smart Driving, enabled by digitalization and electrification of the car, and the Internet of Things, including portable and wearable systems, as well as smart home, city and industry applications. The Company's segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG) and Others. The Company designs, develops, manufactures and markets a range of semiconductor products, including discrete and standard commodity components, application-specific integrated circuits (ASICs), custom devices and semi-custom devices and application-specific standard products (ASSPs) for analog, digital and mixed-signal applications. The Company participates in the manufacturing value chain of smartcard products, which include the production and sale of both silicon chips and smartcards.

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