Susquehanna Cuts STMicroelectronics (NYSE:STM) Price Target to $28.00

STMicroelectronics (NYSE:STM - Get Free Report) had its price objective lowered by analysts at Susquehanna from $33.00 to $28.00 in a report released on Friday,Benzinga reports. The brokerage presently has a "positive" rating on the semiconductor producer's stock. Susquehanna's price target indicates a potential upside of 25.39% from the stock's previous close.

A number of other research analysts have also issued reports on STM. Barclays lowered shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 22nd. BNP Paribas began coverage on STMicroelectronics in a report on Tuesday, December 3rd. They issued a "neutral" rating and a $28.00 price objective on the stock. Citigroup raised shares of STMicroelectronics to a "strong-buy" rating in a research report on Thursday, October 10th. Morgan Stanley lowered shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of STMicroelectronics in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $33.40.

STMicroelectronics Stock Down 0.8 %

Shares of NYSE:STM opened at $22.33 on Friday. The company has a current ratio of 2.84, a quick ratio of 2.16 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $20.17 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 4.36 and a beta of 1.52. STMicroelectronics has a 12-month low of $21.96 and a 12-month high of $49.05. The business has a 50-day moving average price of $25.33 and a 200 day moving average price of $28.28.

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 16.11% and a return on equity of 13.29%. Sell-side analysts expect that STMicroelectronics will post 1.64 EPS for the current year.

Institutional Trading of STMicroelectronics

Hedge funds have recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in STMicroelectronics during the 3rd quarter worth approximately $25,000. Archer Investment Corp bought a new position in STMicroelectronics during the third quarter worth $30,000. GAMMA Investing LLC lifted its holdings in STMicroelectronics by 81.4% in the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock valued at $30,000 after buying an additional 531 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in STMicroelectronics during the fourth quarter valued at $31,000. Finally, Waldron Private Wealth LLC acquired a new stake in STMicroelectronics during the 3rd quarter worth about $34,000. 5.05% of the stock is 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.

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