Analyst Price Target Update on STMicroelectronics N.V. (NYSE:STM)

STMicroelectronics N.V. (NYSE:STM): According to 3 Analysts, The short term target price has been estimated at $ 6.9.The target price could deviate by a maximum of $1.15 from the forecast price. In the near term, the target price could hit a high of $8 and a low of $ 6.

Company shares have received an average consensus rating of Hold for the current week

STMicroelectronics N.V. (NYSE:STM) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.15 points or 2.62% at $5.58 with 833,209 shares getting traded. Post opening the session at $5.56, the shares hit an intraday low of $5.56 and an intraday high of $5.69 and the price was in this range throughout the day. The company has a market cap of $4,903 million and the number of outstanding shares have been calculated to be 878,593,740 shares. The 52-week high of STMicroelectronics N.V. (NYSE:STM) is $8.61 and the 52-week low is $5.11.

STMicroelectronics N.V. is a semiconductor company. The Company designs, develops, manufactures and markets a range of semiconductor products used in applications, such as Internet of Things (IoT), and serving many different end markets. The Company operates through two business segments: Sense & Power and Automotive Products (SP&A) and Embedded Processing Solutions (EPS). The SP&A segment consists of product lines, such as Automotive (APG), Industrial and Power Discrete (IPD), Analog and MEMS (AMS), and other SP&A. The EPS segment consists of product lines, such as Digital Convergence Group (DCG), and Imaging, BI-CMOS ASIC and Silicon Photonics (IBP) (DCG and IBP are combined as DPG); Microcontrollers, Memory & Secure MCU (MMS), and Other EPS. The Company operates in Semiconductors and Subsystems business areas.

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