Goldman Sachs analyst Alexander Duval maintained a Hold rating on Stmicroelectronics NV (STM) today and set a price target of $16.50. The company’s shares opened today at $19.02.
According to TipRanks.com, Duval is ranked #1980 out of 5258 analysts.
Currently, the analyst consensus on Stmicroelectronics NV is a Strong Buy with an average price target of $20.71, an 8.9% upside from current levels. In a report released today, UBS also maintained a Hold rating on the stock with a $16.50 price target.
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Based on Stmicroelectronics NV’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $178 million. In comparison, last year the company had a net profit of $259 million.
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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.
