STMicroelectronics (NYSE:STM) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of STMicroelectronics (NYSE:STM) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $37.63.

A number of equities research analysts have weighed in on the stock. StockNews.com downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. Citigroup raised shares of STMicroelectronics to a “strong-buy” rating in a research note on Thursday, October 10th. Susquehanna restated a “positive” rating and set a $33.00 price target on shares of STMicroelectronics in a research note on Thursday, November 21st. Craig Hallum lowered their price objective on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Robert W. Baird cut their target price on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, November 1st.

STMicroelectronics Trading Up 0.5 %

Shares of STM stock opened at $25.53 on Friday. The firm has a market capitalization of $23.06 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. STMicroelectronics has a 1 year low of $23.95 and a 1 year high of $51.27. The firm’s fifty day simple moving average is $27.24 and its 200 day simple moving average is $33.47. The company has a current ratio of 2.84, a quick ratio of 2.16 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.27 billion. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The company’s revenue for the quarter was down 26.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 EPS. As a group, sell-side analysts predict that STMicroelectronics will post 1.64 EPS for the current year.

Hedge Funds Weigh In On STMicroelectronics

Several institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC bought a new position in shares of STMicroelectronics in the third quarter valued at about $25,000. Archer Investment Corp acquired a new stake in STMicroelectronics in the 3rd quarter valued at about $30,000. Waldron Private Wealth LLC bought a new position in shares of STMicroelectronics in the third quarter worth about $34,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of STMicroelectronics by 144.2% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,243 shares of the semiconductor producer’s stock worth $49,000 after purchasing an additional 734 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new stake in shares of STMicroelectronics during the second quarter valued at approximately $51,000. Institutional investors own 5.05% of the company’s stock.

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.