STMicroelectronics (NYSE:STM) Given Average Recommendation of “Hold” by Analysts

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

A number of research analysts have weighed in on STM shares. Sanford C. Bernstein cut shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $33.00 to $26.00 in a research report on Wednesday, February 5th. BNP Paribas began coverage on shares of STMicroelectronics in a research report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 price target for the company. Morgan Stanley raised STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research report on Thursday, February 13th. Jefferies Financial Group raised STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, TD Cowen downgraded STMicroelectronics from a “buy” rating to a “hold” rating and dropped their target price for the company from $32.00 to $25.00 in a report on Monday, January 13th.

Institutional Trading of STMicroelectronics

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Truvestments Capital LLC acquired a new position in STMicroelectronics during the 3rd quarter worth $25,000. GAMMA Investing LLC lifted its position in shares of STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock worth $30,000 after purchasing an additional 531 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in STMicroelectronics in the fourth quarter worth about $31,000. Smartleaf Asset Management LLC grew its stake in STMicroelectronics by 225.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock worth $33,000 after purchasing an additional 921 shares in the last quarter. Finally, Rakuten Securities Inc. increased its holdings in STMicroelectronics by 197.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer’s stock valued at $44,000 after buying an additional 1,180 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Trading Down 0.7 %

STM stock opened at $22.93 on Friday. 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 company has a market cap of $20.59 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 1.16 and a beta of 1.56. The business has a fifty day simple moving average of $24.62 and a 200-day simple moving average of $25.95. STMicroelectronics has a 52 week low of $21.36 and a 52 week high of $45.39.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, topping 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%. On average, equities research analysts expect that STMicroelectronics will post 0.85 EPS for the current year.

STMicroelectronics Company Profile

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.