STMicroelectronics NV (0INB) Gets a Hold from Jefferies

In a report released yesterday, Janardan Menon from Jefferies maintained a Hold rating on STMicroelectronics NV (0INB – Research Report), with a price target of €25.00. The company’s shares closed yesterday at €24.25.

According to TipRanks, Menon is an analyst with an average return of -4.3% and a 31.87% success rate. Menon covers the Technology sector, focusing on stocks such as Infineon Technologies AG, ams-OSRAM, and ARM Holdings PLC ADR.

In addition to Jefferies, STMicroelectronics NV also received a Hold from Oddo BHF’s Stephane Houri in a report issued yesterday. However, on the same day, Citi maintained a Buy rating on STMicroelectronics NV (LSE: 0INB).

The company has a one-year high of €47.10 and a one-year low of €23.86. Currently, STMicroelectronics NV has an average volume of 1.76M.

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.