STMicroelectronics (NYSE:STM) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of STMicroelectronics (NYSE:STM) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $47.25.

A number of research firms have recently weighed in on STM. TD Cowen lifted their price target on shares of STMicroelectronics from $56.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Susquehanna cut their target price on STMicroelectronics from 55.00 to 54.00 in a research report on Sunday, May 7th. StockNews.com assumed coverage on STMicroelectronics in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. Finally, Jefferies Financial Group raised STMicroelectronics from an “underperform” rating to a “hold” rating in a research note on Wednesday, July 12th.

Institutional Investors Weigh In On STMicroelectronics

Several hedge funds and other institutional investors have recently made changes to their positions in STM. Glass Jacobson Investment Advisors llc bought a new stake in STMicroelectronics during the 2nd quarter worth $31,000. EverSource Wealth Advisors LLC grew its holdings in shares of STMicroelectronics by 153.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 896 shares of the semiconductor producer’s stock worth $32,000 after purchasing an additional 542 shares during the last quarter. Hexagon Capital Partners LLC increased its stake in shares of STMicroelectronics by 63.0% in the second quarter. Hexagon Capital Partners LLC now owns 779 shares of the semiconductor producer’s stock valued at $39,000 after buying an additional 301 shares during the period. GPS Wealth Strategies Group LLC bought a new position in STMicroelectronics in the 1st quarter valued at approximately $42,000. Finally, PSI Advisors LLC boosted its position in STMicroelectronics by 60.0% during the 1st quarter. PSI Advisors LLC now owns 800 shares of the semiconductor producer’s stock worth $43,000 after buying an additional 300 shares during the period. 5.62% of the stock is owned by institutional investors.

STMicroelectronics Stock Down 0.1 %

STM stock opened at $47.80 on Thursday. The business’s fifty day moving average price is $49.40 and its two-hundred day moving average price is $48.04. The stock has a market capitalization of $43.42 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 2.19 and a beta of 1.60. STMicroelectronics has a fifty-two week low of $29.09 and a fifty-two week high of $55.85. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.67 and a quick ratio of 1.92.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, July 27th. The semiconductor producer reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.04). STMicroelectronics had a return on equity of 33.67% and a net margin of 25.36%. The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the prior year, the business posted $0.92 earnings per share. STMicroelectronics’s revenue was up 12.7% compared to the same quarter last year. On average, equities analysts anticipate that STMicroelectronics will post 4.29 earnings per share for the current year.

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.