UBS Sticks to Its Buy Rating for STMicroelectronics NV (0INB)

In a report released today, Francois Xavier Bouvignies from UBS maintained a Buy rating on STMicroelectronics NV (0INB – Research Report), with a price target of €48.00. The company’s shares closed yesterday at €37.90.

According to TipRanks, Xavier Bouvignies is a 5-star analyst with an average return of 16.1% and a 63.89% success rate. Xavier Bouvignies covers the Technology sector, focusing on stocks such as Infineon Technologies AG, ams AG, and NXP Semiconductors.

In addition to UBS, STMicroelectronics NV also received a Buy from Stifel Nicolaus’s Juergen Wagner in a report issued on June 27. However, yesterday, Jefferies maintained a Hold rating on STMicroelectronics NV (LSE: 0INB).

0INB market cap is currently €33.26B and has a P/E ratio of 10.53.

Based on the recent corporate insider activity of 54 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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STMicroelectronics NV (0INB) Company Description:

A merger between Italian firm SGS Microelettronica and the nonmilitary business of Thomson Semiconductors in France formed STMicroelectronics in 1987. STMicro is a leader in a variety of semiconductor products, including analog chips, discrete power semiconductors, microcontrollers, and sensors. STMicro is an especially prominent chip supplier into the industrial and automotive industries.