Berenberg Bank Sticks to Their Buy Rating for STMicroelectronics NV (0INB)
Berenberg Bank analyst Tammy Qiu maintained a Buy rating on STMicroelectronics NV today and set a price target of €53.00.
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According to TipRanks, Qiu is a 5-star analyst with an average return of 25.1% and a 67.81% success rate. Qiu covers the Technology sector, focusing on stocks such as KLA, Infineon Technologies AG, and Adyen.
In addition to Berenberg Bank, STMicroelectronics NV also received a Buy from Citi’s Andrew Gardiner in a report issued today. However, on the same day, Goldman Sachs assigned a Hold rating to STMicroelectronics NV (LSE: 0INB).
Based on STMicroelectronics NV’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of €3.1 billion and a net profit of €37 million. In comparison, last year the company earned a revenue of €2.52 billion and had a net profit of €56 million
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0INB in relation to earlier this year.
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- STMicroelectronics price target raised to EUR 52 from EUR 31 at Citi
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- STMicroelectronics price target raised to $90 from $45 at Baird
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