STMicroelectronics (NYSE:STM - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $17.78, but opened at $18.53. STMicroelectronics shares last traded at $18.50, with a volume of 2,049,510 shares changing hands.
Analyst Ratings Changes
STM has been the topic of a number of recent analyst reports. TD Cowen downgraded STMicroelectronics from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $32.00 to $25.00 in a research report on Monday, January 13th. Barclays cut STMicroelectronics from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 22nd. Susquehanna cut their price objective on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating for the company in a report on Friday, January 31st. Sanford C. Bernstein cut shares of STMicroelectronics from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $33.00 to $26.00 in a research report on Wednesday, February 5th. Finally, Morgan Stanley upgraded shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $31.26.
Read Our Latest Stock Analysis on STMicroelectronics
STMicroelectronics Price Performance
The firm's 50 day simple moving average is $23.53 and its two-hundred day simple moving average is $25.23. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. The firm has a market capitalization of $18.40 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.16 and a beta of 1.56.
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, 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%. As a group, analysts predict that STMicroelectronics will post 0.85 earnings per share for the current year.
Institutional Investors Weigh In On STMicroelectronics
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock worth $30,000 after purchasing an additional 531 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in STMicroelectronics in the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC lifted its holdings in 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 purchasing an additional 921 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in STMicroelectronics by 108.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer's stock valued at $46,000 after buying an additional 809 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in shares of STMicroelectronics by 197.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock worth $44,000 after buying an additional 1,180 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors.
About STMicroelectronics
(
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.
Featured Articles
Before you consider STMicroelectronics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and STMicroelectronics wasn't on the list.
While STMicroelectronics currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
