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

STMicroelectronics (NYSE:STM) has received a consensus rating of “Hold” from the fifteen research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $31.26.

STM has been the subject of several recent research reports. Jefferies Financial Group upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. BNP Paribas began coverage on STMicroelectronics in a report on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 target price on the stock. TD Cowen lowered STMicroelectronics from a “buy” rating to a “hold” rating and cut their price target for the company from $32.00 to $25.00 in a report on Monday, January 13th. Bank of America downgraded 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 research note on Thursday, February 13th.

Institutional Trading of STMicroelectronics

Institutional investors and hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC bought a new stake in STMicroelectronics in the 3rd quarter worth approximately $25,000. Archer Investment Corp bought a new stake in STMicroelectronics in the third quarter worth $30,000. GAMMA Investing LLC raised its stake in STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock valued at $30,000 after purchasing an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in STMicroelectronics during the fourth quarter valued at $31,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of STMicroelectronics by 225.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock worth $33,000 after buying an additional 921 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors.

STMicroelectronics Price Performance

Shares of STM opened at $26.46 on Monday. The firm has a market cap of $23.90 billion, a PE ratio of 15.94, a P/E/G ratio of 1.16 and a beta of 1.56. STMicroelectronics has a 1-year low of $21.36 and a 1-year high of $48.75. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $24.75 and a two-hundred day simple moving average of $26.50.

STMicroelectronics (NYSE:STM) last posted 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%. On average, equities analysts anticipate that STMicroelectronics will post 0.85 EPS for the current 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.