A statement released earlier today by Robert W. Baird about STMicroelectronics (NYSE:STM) bumps the target price to $11.00
- Updated: October 9, 2016
Robert W. Baird bumped up the target of STMicroelectronics (NYSE:STM) to $11.00 stating a potential upside of 0.32%.
On 10/06/2016, Zacks Investment Research released a statement on STMicroelectronics (NYSE:STM) bumped up the target price from $0.00 to $9.00 that suggested an upside of 0.12%.
Boasting a price of $8.31, STMicroelectronics (NYSE:STM) traded 1.34% higher on the day. With the last close up 28.40% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. STMicroelectronics has recorded a 50-day average of $7.80 and a two hundred day average of $6.47. Volume of trade was down over the average, with 1,884,610 shares of STM changing hands under the typical 1,983,760
With a total market value of $0, STMicroelectronics has price-earnings ratio of 98.93 with a one year low of $5.11 and a one year high of $8.32 .
A total of 5 analysts have released a research note on STM. zero analysts rating the company a strong buy, two analysts rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and finally one analyst rating the company a sell with a one year target of $6.42.
More 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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