STMicroelectronics (EPA:STM) Shares Pass Above Two Hundred Day Moving Average of $0.00

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STMicroelectronics NV (EPA:STM)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $15.95. STMicroelectronics shares last traded at $15.78, with a volume of 2,127,119 shares.

A number of analysts have issued reports on the company. Oddo Bhf set a €22.00 ($25.58) price objective on STMicroelectronics and gave the stock a “buy” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. set a €20.00 ($23.26) target price on STMicroelectronics and gave the company a “buy” rating in a research report on Monday, July 22nd. UBS Group set a €16.50 ($19.19) target price on STMicroelectronics and gave the company a “neutral” rating in a research report on Thursday, July 25th. Goldman Sachs Group set a €17.50 ($20.35) target price on STMicroelectronics and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Morgan Stanley set a €18.00 ($20.93) target price on STMicroelectronics and gave the company a “buy” rating in a research report on Wednesday, June 19th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. STMicroelectronics has a consensus rating of “Buy” and a consensus target price of €19.15 ($22.27).

The stock’s 50-day simple moving average is €16.08.

About STMicroelectronics (EPA:STM)

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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