Shares of STMicroelectronics (NYSE:STM - Get Free Report) have earned a consensus recommendation of "Hold" from the fifteen analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $31.26.
Several brokerages have issued reports on STM. Barclays downgraded shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 22nd. Morgan Stanley raised STMicroelectronics from an "underweight" rating to an "equal weight" rating in a report on Thursday, February 13th. Susquehanna decreased their price objective on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a report on Friday, January 31st. Jefferies Financial Group upgraded STMicroelectronics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, BNP Paribas started coverage on shares of STMicroelectronics in a research report on Tuesday, December 3rd. They issued a "neutral" rating and a $28.00 target price for the company.
Check Out Our Latest Research Report on STM
STMicroelectronics Stock Performance
STM traded down $0.18 during trading hours on Friday, reaching $21.98. The company's stock had a trading volume of 6,057,738 shares, compared to its average volume of 5,000,678. The company's 50-day moving average is $24.49 and its 200-day moving average is $25.83. STMicroelectronics has a 52 week low of $21.30 and a 52 week high of $45.39. The firm has a market cap of $19.74 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. 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 quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. On average, equities analysts forecast that STMicroelectronics will post 0.85 EPS for the current year.
Institutional Trading of STMicroelectronics
Several large investors have recently made changes to their positions in STM. Truvestments Capital LLC bought a new stake in STMicroelectronics during the third quarter worth $25,000. GAMMA Investing LLC lifted its position in shares of STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock worth $30,000 after buying an additional 531 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in STMicroelectronics in the fourth quarter valued at about $31,000. Smartleaf Asset Management LLC boosted its stake in STMicroelectronics by 225.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock valued at $33,000 after buying an additional 921 shares in the last quarter. Finally, Rakuten Securities Inc. grew its position in STMicroelectronics by 197.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock valued at $44,000 after acquiring an additional 1,180 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company's stock.
STMicroelectronics Company Profile
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Get Free ReportSTMicroelectronics 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.
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