STMicroelectronics (NYSE:STM - Get Free Report) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating in a research note issued to investors on Thursday, MarketBeat Ratings reports.
Other equities research analysts have also recently issued research reports about the company. Susquehanna decreased their target price on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating for the company in a research note on Friday, January 31st. Robert W. Baird reduced their price objective on shares of STMicroelectronics from $35.00 to $30.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. Craig Hallum dropped their target price on shares of 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. reiterated a "neutral" rating on shares of STMicroelectronics in a research note on Monday, December 9th. Finally, TD Cowen downgraded shares of STMicroelectronics from a "buy" rating to a "hold" rating and decreased their price objective for the company from $32.00 to $25.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $31.26.
View Our Latest Stock Analysis on STM
STMicroelectronics Stock Up 2.3 %
Shares of STM traded up $0.55 during midday trading on Thursday, reaching $24.46. The stock had a trading volume of 3,040,415 shares, compared to its average volume of 6,889,511. The company has a market cap of $22.09 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 0.97 and a beta of 1.51. The company's fifty day simple moving average is $24.71 and its two-hundred day simple moving average is $26.95. 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 current ratio of 3.11 and a quick ratio of 2.37.
STMicroelectronics (NYSE:STM - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, beating 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%. Equities research analysts expect that STMicroelectronics will post 0.82 earnings per share for the current year.
Institutional Trading of STMicroelectronics
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new stake in shares of STMicroelectronics in the 3rd quarter worth $25,000. Archer Investment Corp acquired a new stake in STMicroelectronics in the third quarter valued at about $30,000. GAMMA Investing LLC boosted 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 purchasing an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in STMicroelectronics during the 4th quarter worth approximately $31,000. Finally, Smartleaf Asset Management LLC raised its stake 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 buying an additional 921 shares in the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.
STMicroelectronics Company Profile
(
Get Free Report)
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.
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