STMicroelectronics (NYSE:STM) Upgraded to “Strong-Buy” at Mizuho

Mizuho upgraded shares of STMicroelectronics (NYSE:STM) from a hold rating to a strong-buy rating in a report released on Thursday,Zacks.com reports.

A number of other analysts have also recently weighed in on the company. Weiss Ratings downgraded STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. Morgan Stanley raised STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research note on Thursday, March 26th. Finally, Susquehanna upped their target price on STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.79.

STMicroelectronics Stock Performance

STM stock opened at $44.24 on Thursday. The firm has a 50 day moving average of $34.54 and a two-hundred day moving average of $29.26. STMicroelectronics has a 12 month low of $19.55 and a 12 month high of $44.64. The company has a market capitalization of $39.74 billion, a price-to-earnings ratio of 245.81 and a beta of 1.51. The company has a quick ratio of 2.43, a current ratio of 3.36 and a debt-to-equity ratio of 0.10.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Friday, January 30th. The semiconductor producer reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.29 billion. STMicroelectronics had a net margin of 1.41% and a return on equity of 2.70%. As a group, equities analysts anticipate that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Institutional Trading of STMicroelectronics

Several hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley lifted its holdings in shares of STMicroelectronics by 40.6% during the fourth quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock worth $159,691,000 after buying an additional 1,778,113 shares during the last quarter. Marshall Wace LLP acquired a new position in STMicroelectronics during the 4th quarter valued at $42,731,000. Invesco Ltd. boosted its holdings in STMicroelectronics by 67.1% in the 3rd quarter. Invesco Ltd. now owns 4,003,933 shares of the semiconductor producer’s stock valued at $113,151,000 after purchasing an additional 1,608,029 shares during the period. Defiance ETFs LLC acquired a new stake in STMicroelectronics in the 4th quarter worth $39,545,000. Finally, Two Sigma Investments LP raised its position in shares of STMicroelectronics by 135.0% during the third quarter. Two Sigma Investments LP now owns 2,322,540 shares of the semiconductor producer’s stock valued at $65,635,000 after buying an additional 1,334,192 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.

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.