STMicroelectronics (NYSE:STM) Raised to Equal Weight at Barclays

STMicroelectronics (NYSE:STM) was upgraded by investment analysts at Barclays from an “underweight” rating to an “equal weight” rating in a note issued to investors on Monday, MarketBeat reports.

A number of other brokerages have also weighed in on STM. Mizuho boosted their price target on STMicroelectronics from $68.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. UBS Group set a $100.00 target price on shares of STMicroelectronics in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a research report on Thursday, June 11th. Finally, Citigroup restated a “buy” rating on shares of STMicroelectronics in a research note on Sunday, April 26th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.39.

STMicroelectronics Stock Performance

Shares of STM stock opened at $71.37 on Monday. STMicroelectronics has a 12-month low of $21.11 and a 12-month high of $81.42. The business’s fifty day simple moving average is $64.70 and its 200-day simple moving average is $42.86. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.12. The company has a market cap of $64.11 billion, a PE ratio of 446.12 and a beta of 1.94.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%.The firm had revenue of $3.10 billion during the quarter. Analysts expect that STMicroelectronics will post 1.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Midwest Trust Co boosted its position in STMicroelectronics by 0.8% in the 1st quarter. Midwest Trust Co now owns 54,447 shares of the semiconductor producer’s stock worth $1,881,000 after purchasing an additional 406 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of STMicroelectronics by 5.0% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,062 shares of the semiconductor producer’s stock valued at $348,000 after purchasing an additional 479 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of STMicroelectronics by 5.0% during the 1st quarter. Inspire Investing LLC now owns 10,261 shares of the semiconductor producer’s stock valued at $355,000 after purchasing an additional 488 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of STMicroelectronics by 13.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,405 shares of the semiconductor producer’s stock valued at $115,000 after purchasing an additional 509 shares during the period. Finally, Earnest Partners LLC lifted its stake in shares of STMicroelectronics by 3.2% in the 4th quarter. Earnest Partners LLC now owns 17,282 shares of the semiconductor producer’s stock valued at $448,000 after purchasing an additional 534 shares during the period. 5.05% of the stock is owned by institutional investors and hedge funds.

About STMicroelectronics

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.