STMicroelectronics (NYSE:STM) stock price target increased to $10.00, issued a report today by Craig-Hallum
- Updated: October 14, 2016
STMicroelectronics (NYSE:STM) had its target bumped up to $10.00 by Craig-Hallum in a report released 10/14/2016. The upped price target implies a possible upside of 0.26% from the company's previous stock price.
On 10/10/2016, Robert W. Baird released a statement about STMicroelectronics (NYSE:STM) upped the target price from $7.00 to $11.00 that suggested an upside of 0.32%.
Having a price of $7.91, STMicroelectronics (NYSE:STM) traded 0.00% even on the day. With the last stock price up 21.00% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. STM has recorded a 50-day average of $7.84 and a two hundred day average of $6.54. Volume of trade was down over the average, with 55,600 shares of STM changing hands under the typical 2,154,010
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STMicroelectronics has a 52 week low of $5.11 and a 52 week high of $8.41 with a PE ratio of 94.17 STMicroelectronics’s market capitalization is currently $0.
A total of 5 equity analysts have released a research note on the stock. zero brokerages rating the company a strong buy, 2 brokers rating the stock a buy, three analysts rating the stock a hold, 0 firms rating the company a underperform, and finally one broker rating the stock a sell with a average stock price target of $6.42.
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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