STMicroelectronics NV (0INB): New Buy Recommendation for This Technology Giant

In a report released on February 17, Sebastien Sztabowicz from Kepler Capital maintained a Buy rating on STMicroelectronics NV, with a price target of €34.00. The company’s shares closed last Tuesday at €27.72.

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Sztabowicz covers the Technology sector, focusing on stocks such as STMicroelectronics NV, Soitec SA, and ams-OSRAM. According to TipRanks, Sztabowicz has an average return of -4.2% and a 43.94% success rate on recommended stocks.

STMicroelectronics NV has an analyst consensus of Moderate Buy, with a price target consensus of €27.47, a -0.88% downside from current levels. In a report released on February 10, Jefferies also maintained a Buy rating on the stock with a €29.00 price target.

Based on STMicroelectronics NV’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €3.17 billion and a net profit of €235.98 million. In comparison, last year the company earned a revenue of €3.25 billion and had a net profit of €351 million

Based on the recent corporate insider activity of 66 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.