STMicroelectronics (NYSE:STM) Downgraded to "Market Perform" Rating by Sanford C. Bernstein

STMicroelectronics (NYSE:STM - Get Free Report) was downgraded by Sanford C. Bernstein from an "outperform" rating to a "market perform" rating in a research note issued on Wednesday, MarketBeat reports. They currently have a $26.00 price target on the semiconductor producer's stock, down from their prior price target of $33.00. Sanford C. Bernstein's price objective indicates a potential upside of 15.76% from the stock's current price.

Several other brokerages have also recently issued reports on STM. Craig Hallum dropped their price target on STMicroelectronics from $42.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. restated a "neutral" rating on shares of STMicroelectronics in a research note on Monday, December 9th. Susquehanna lowered their price objective on shares of STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a research report on Friday, January 31st. TD Cowen cut shares of STMicroelectronics from a "buy" rating to a "hold" rating and reduced their target price for the stock from $32.00 to $25.00 in a research note on Monday, January 13th. Finally, Citigroup raised shares of STMicroelectronics to a "strong-buy" rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $31.26.

STMicroelectronics Stock Down 1.3 %

Shares of STMicroelectronics stock traded down $0.30 during trading hours on Wednesday, reaching $22.46. 6,684,697 shares of the company were exchanged, compared to its average volume of 6,889,511. The firm has a market cap of $20.29 billion, a PE ratio of 13.53, a PEG ratio of 0.97 and a beta of 1.51. The stock's fifty day moving average is $24.96 and its 200 day moving average is $27.48. STMicroelectronics has a 1 year low of $21.36 and a 1 year high of $49.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11.

STMicroelectronics (NYSE:STM - Get Free Report) last released its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. As a group, equities research analysts forecast that STMicroelectronics will post 0.82 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in shares of STMicroelectronics during the 3rd quarter worth about $25,000. Archer Investment Corp purchased a new stake in STMicroelectronics in the 3rd quarter worth approximately $30,000. GAMMA Investing LLC raised its holdings in STMicroelectronics by 81.4% in the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock valued at $30,000 after acquiring an additional 531 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of STMicroelectronics during the 4th quarter worth $31,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of STMicroelectronics by 225.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock worth $33,000 after purchasing an additional 921 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

About STMicroelectronics

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.