Goldman Sachs Sticks to Their Hold Rating for Stmicroelectronics NV (STM)

In a report released today, Alexander Duval from Goldman Sachs maintained a Hold rating on Stmicroelectronics NV (STMResearch Report), with a price target of $14.50. The company’s shares opened today at $17.35.

According to TipRanks.com, Duval is a 3-star analyst with an average return of 5.7% and a 57.5% success rate. Duval covers the Consumer Goods sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson Class B, Infineon Technologies AG, and Nokia Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Stmicroelectronics NV with a $20.35 average price target, representing a 17.3% upside. In a report released today, UBS also maintained a Hold rating on the stock with a $16.50 price target.

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The company has a one-year high of $26.43 and a one-year low of $12. Currently, Stmicroelectronics NV has an average volume of 3.5M.

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STMicroelectronics NV designs, develops, manufactures and markets products, which offers discrete and standard commodity components, application-specific integrated circuits, full custom devices and semi-custom devices for analog, digital and mixed-signal applications.

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