STMicroelectronics (NYSE:STM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of STMicroelectronics (NYSE:STM) have been given a consensus recommendation of “Hold” by the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $31.26.

Several research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a report on Thursday, February 13th. Bank of America lowered STMicroelectronics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Susquehanna cut their target price on STMicroelectronics from $33.00 to $28.00 and set a “positive” rating for the company in a research report on Friday, January 31st. Sanford C. Bernstein lowered STMicroelectronics from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $33.00 to $26.00 in a research note on Wednesday, February 5th. Finally, TD Cowen downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating and reduced their target price for the company from $32.00 to $25.00 in a research note on Monday, January 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in 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. acquired a new stake in shares of STMicroelectronics during the 4th quarter worth about $31,000. Smartleaf Asset Management LLC boosted its holdings 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 during the period. Rakuten Securities Inc. grew its stake in STMicroelectronics by 197.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer’s stock valued at $44,000 after buying an additional 1,180 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in STMicroelectronics by 139.6% in the 1st quarter. Farther Finance Advisors LLC now owns 1,862 shares of the semiconductor producer’s stock valued at $41,000 after acquiring an additional 1,085 shares during the period. 5.05% of the stock is currently owned by institutional investors.

STMicroelectronics Trading Down 1.3 %

NYSE STM opened at $20.00 on Tuesday. STMicroelectronics has a 1-year low of $17.25 and a 1-year high of $45.39. The firm’s fifty day simple moving average is $23.24 and its 200-day simple moving average is $24.83. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $17.96 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56.

STMicroelectronics (NYSE:STM) 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 11.74% and a return on equity of 8.92%. As a group, sell-side analysts anticipate that STMicroelectronics will post 0.85 earnings per share for the current fiscal 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.