STMicroelectronics (NYSE:STM) Receives $31.26 Average Price Target from Brokerages

STMicroelectronics (NYSE:STM) has earned a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $31.26.

A number of research firms have recently weighed in on STM. Jefferies Financial Group raised STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. BNP Paribas began coverage on STMicroelectronics in a research note on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 target price for the company. Susquehanna lowered their target price on STMicroelectronics from $33.00 to $28.00 and set a “positive” rating for the company in a research note on Friday, January 31st. Bank of America lowered STMicroelectronics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley upgraded STMicroelectronics from an “underweight” rating to an “equal weight” rating in a report on Thursday, February 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp grew its holdings in shares of STMicroelectronics by 11.6% during the 4th quarter. Mackenzie Financial Corp now owns 292,924 shares of the semiconductor producer’s stock worth $7,314,000 after acquiring an additional 30,413 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of STMicroelectronics during the 4th quarter worth approximately $3,108,000. GTS Securities LLC grew its holdings in shares of STMicroelectronics by 213.2% during the 4th quarter. GTS Securities LLC now owns 36,276 shares of the semiconductor producer’s stock worth $906,000 after acquiring an additional 68,320 shares during the period. Vise Technologies Inc. grew its holdings in shares of STMicroelectronics by 17.6% during the 4th quarter. Vise Technologies Inc. now owns 15,156 shares of the semiconductor producer’s stock worth $378,000 after acquiring an additional 2,263 shares during the period. Finally, Novem Group purchased a new position in shares of STMicroelectronics during the 4th quarter worth approximately $492,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Trading Up 7.0 %

Shares of STM stock opened at $25.57 on Monday. STMicroelectronics has a 12-month low of $21.36 and a 12-month high of $49.05. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $24.72 and a two-hundred day moving average price of $26.60. The firm has a market cap of $23.10 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 1.16 and a beta of 1.51.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. Equities analysts anticipate that STMicroelectronics will post 0.85 EPS for the current fiscal year.

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.