STMicroelectronics (NYSE:STM) Receives Average Rating of "Hold" from Analysts

STMicroelectronics (NYSE:STM - Get Free Report) has been assigned a consensus recommendation of "Hold" from the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $31.26.

STM has been the topic of several analyst reports. Bank of America lowered shares of STMicroelectronics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. restated a "neutral" rating on shares of STMicroelectronics in a research note on Monday, December 9th. Barclays downgraded STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 22nd. Morgan Stanley upgraded STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research report on Thursday, February 13th. Finally, BNP Paribas started coverage on STMicroelectronics in a research report on Tuesday, December 3rd. They set a "neutral" rating and a $28.00 target price on the stock.

STMicroelectronics Stock Performance

Shares of STM stock traded down $0.46 during trading hours on Monday, hitting $24.23. The company's stock had a trading volume of 8,728,856 shares, compared to its average volume of 7,318,110. The stock has a market cap of $21.89 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.16 and a beta of 1.51. STMicroelectronics has a 12-month low of $21.36 and a 12-month high of $49.05. The company has a 50 day moving average of $24.78 and a 200 day moving average of $26.70. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. On average, sell-side analysts forecast that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On STMicroelectronics

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

STMicroelectronics Company Profile

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.