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J.P. Morgan Sticks to Their Hold Rating for STMicroelectronics NV (0INB)

Tipranks - Tipranks - Tue Jun 30, 1:41AM CDT

J.P. Morgan analyst Sandeep Deshpande maintained a Hold rating on STMicroelectronics NV today and set a price target of €71.50.

End of Quarter Sale - 70% Off

According to TipRanks, Deshpande is a 5-star analyst with an average return of 18.9% and a 58.11% success rate. Deshpande covers the Technology sector, focusing on stocks such as Infineon Technologies AG, Adyen, and Nokia.

In addition to J.P. Morgan, STMicroelectronics NV also received a Hold from Goldman Sachs’s Alexander Duval in a report issued on June 12. However, on June 25, Bank of America Securities reiterated a Buy rating on STMicroelectronics NV (LSE: 0INB).

See the top stocks recommended by analysts >>

0INB market cap is currently €55.86B and has a P/E ratio of 420.08.

Based on the recent corporate insider activity of 90 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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