STMicroelectronics (NYSE:STM) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

STMicroelectronics (NYSE:STM – Get Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a report issued on Monday.

Other research analysts have also issued research reports about the stock. TD Cowen lowered their price objective on shares of STMicroelectronics from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, October 19th. Zacks Research downgraded shares of STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Barclays set a $60.00 target price on shares of STMicroelectronics in a report on Friday, July 24th. Wall Street Zen cut shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Saturday, September 19th. Finally, Citigroup restated a “buy” rating on shares of STMicroelectronics in a research note on Wednesday, September 2nd. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.06.

View Our Latest Analysis on STMicroelectronics

STMicroelectronics Trading Down 5.1%

STM traded down $2.47 during mid-day trading on Monday, hitting $46.07. 9,587,085 shares of the stock were exchanged, compared to its average volume of 10,158,066. The firm’s fifty day moving average is $50.22 and its two-hundred day moving average is $50.04. STMicroelectronics has a 1-year low of $21.11 and a 1-year high of $81.42. The company has a market cap of $41.38 billion, a PE ratio of 82.19 and a beta of 2.00. The company has a current ratio of 3.13, a quick ratio of 2.30 and a debt-to-equity ratio of 0.16.

STMicroelectronics (NYSE:STM – Get Free Report) last released its earnings results on Thursday, October 29th. The semiconductor producer reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.72 billion. STMicroelectronics had a net margin of 3.80% and a return on equity of 4.71%. Equities analysts forecast that STMicroelectronics will post 1.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On STMicroelectronics

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Situational Awareness LP acquired a new stake in STMicroelectronics during the 2nd quarter worth $584,344,000. Annex Advisory Services LLC purchased a new stake in shares of STMicroelectronics in the 3rd quarter valued at about $38,877,000. The Manufacturers Life Insurance Company purchased a new stake in shares of STMicroelectronics in the 1st quarter valued at about $19,132,000. Beaconlight Capital LLC purchased a new position in STMicroelectronics during the 1st quarter worth approximately $13,284,000. Finally, Generate Investment Management Ltd purchased a new position in STMicroelectronics during the 3rd quarter worth approximately $15,857,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics News Summary

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STMicroelectronics Company Profile

(Get Free Report)

STMicroelectronics N.V. (NYSE: STM) is a global semiconductor company that designs, develops, manufactures and markets a broad range of integrated circuits and other semiconductor products. Its offerings support applications in automotive, industrial, personal electronics, communications equipment and computer systems.

The company’s product portfolio includes microcontrollers, analog and power semiconductors, sensors, microelectromechanical systems (MEMS), connectivity products and automotive chips.

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