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

Tipranks - Tipranks - Sat Jan 31, 9:20AM CST

J.P. Morgan analyst Sandeep Deshpande maintained a Hold rating on STMicroelectronics NV today and set a price target of €24.00.

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According to TipRanks, Deshpande is a 5-star analyst with an average return of 11.9% and a 57.52% success rate. Deshpande covers the Technology sector, focusing on stocks such as Nokia, ASML Holding NV, and Infineon Technologies AG.

In addition to J.P. Morgan, STMicroelectronics NV also received a Hold from Goldman Sachs’s Alexander Duval in a report issued today. However, on the same day, UBS maintained a Buy rating on STMicroelectronics NV (LSE: 0INB).

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0INB market cap is currently €22.27B and has a P/E ratio of 148.22.

Based on the recent corporate insider activity of 64 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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