According to The Fly, uBS analyst David Mulholland maintained a Hold rating on Stmicroelectronics NV (NYSE: STM) yesterday. The company’s shares closed yesterday at $14.44, close to its 52-week low of $13.56.
Currently, the analyst consensus on Stmicroelectronics NV is a Moderate Buy with an average price target of $15, a 3.9% upside from current levels. In a report issued on October 24, Goldman Sachs also maintained a Hold rating on the stock.
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Stmicroelectronics NV’s market cap is currently $12.51B and has a P/E ratio of 10.89. The company has a Price to Book ratio of 2.18.
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STMicroelectronics NV designs, develops, manufactures and markets products, which offers discrete and standard commodity components, application-specific integrated circuits, full custom devices and semi-custom devices for analog, digital and mixed-signal applications.
