STMicroelectronics NV (NYSE:STM) has been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $26.72.
A number of research analysts have weighed in on the company. Bank of America raised STMicroelectronics from an “underperform” rating to a “neutral” rating in a report on Thursday, September 13th. Zacks Investment Research raised STMicroelectronics from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, June 27th. ValuEngine downgraded STMicroelectronics from a “buy” rating to a “hold” rating in a report on Thursday, June 28th. Deutsche Bank raised STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Craig Hallum lowered their target price on STMicroelectronics from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, July 25th.
Hedge funds have recently bought and sold shares of the business. PointState Capital LP bought a new position in shares of STMicroelectronics in the second quarter worth about $73,538,000. Renaissance Technologies LLC raised its stake in shares of STMicroelectronics by 177.5% in the second quarter. Renaissance Technologies LLC now owns 2,873,245 shares of the semiconductor producer’s stock worth $64,027,000 after buying an additional 1,837,921 shares during the period. Bank of New York Mellon Corp raised its stake in shares of STMicroelectronics by 6,533.7% in the second quarter. Bank of New York Mellon Corp now owns 1,246,613 shares of the semiconductor producer’s stock worth $27,575,000 after buying an additional 1,227,821 shares during the period. Capital Fund Management S.A. raised its stake in shares of STMicroelectronics by 21.2% in the second quarter. Capital Fund Management S.A. now owns 998,945 shares of the semiconductor producer’s stock worth $22,097,000 after buying an additional 174,826 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of STMicroelectronics by 14.1% in the first quarter. JPMorgan Chase & Co. now owns 1,335,623 shares of the semiconductor producer’s stock worth $29,771,000 after buying an additional 165,520 shares during the period. 4.22% of the stock is currently owned by institutional investors.
STM stock traded down $0.28 during trading on Wednesday, reaching $18.83. The stock had a trading volume of 7,501,500 shares, compared to its average volume of 3,492,868. STMicroelectronics has a 52 week low of $17.43 and a 52 week high of $26.43. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.65 and a current ratio of 2.36. The company has a market cap of $17.07 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 2.77 and a beta of 0.76.
STMicroelectronics (NYSE:STM) last posted its earnings results on Wednesday, July 25th. The semiconductor producer reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). STMicroelectronics had a net margin of 11.48% and a return on equity of 20.69%. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company posted $0.17 EPS. The firm’s revenue was up 18.0% compared to the same quarter last year. equities analysts predict that STMicroelectronics will post 1.38 earnings per share for the current year.
STMicroelectronics Company Profile
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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