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

STMicroelectronics (NYSE:STM) has been given an average rating of “Hold” by the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $30.97.

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein downgraded shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and cut their target price for the company from $33.00 to $26.00 in a research note on Wednesday, February 5th. Dbs Bank lowered shares of STMicroelectronics from a “strong-buy” rating to a “hold” rating in a report on Monday, April 28th. Bank of America lowered shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. Barclays lowered shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 22nd. Finally, TD Cowen raised their price target on shares of STMicroelectronics from $18.00 to $23.00 and gave the company a “hold” rating in a report on Friday, April 25th.

STMicroelectronics Stock Performance

NYSE:STM opened at $25.81 on Friday. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. The company has a market cap of $23.19 billion, a P/E ratio of 15.55, a P/E/G ratio of 1.16 and a beta of 1.53. STMicroelectronics has a fifty-two week low of $17.25 and a fifty-two week high of $45.39. The firm’s 50 day moving average is $22.51 and its two-hundred day moving average is $24.31.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.55 billion. Analysts expect that STMicroelectronics will post 0.85 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of STM. Invesco Ltd. lifted its position in shares of STMicroelectronics by 188.1% in the 1st quarter. Invesco Ltd. now owns 5,093,785 shares of the semiconductor producer’s stock worth $111,860,000 after buying an additional 3,325,998 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of STMicroelectronics by 131.5% in the 4th quarter. JPMorgan Chase & Co. now owns 3,413,356 shares of the semiconductor producer’s stock worth $85,232,000 after buying an additional 1,939,088 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in STMicroelectronics by 576.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,920,774 shares of the semiconductor producer’s stock valued at $47,962,000 after purchasing an additional 1,636,707 shares during the last quarter. Analog Century Management LP bought a new stake in STMicroelectronics in the 1st quarter valued at about $34,912,000. Finally, Junto Capital Management LP bought a new stake in STMicroelectronics in the 1st quarter valued at about $30,565,000. 5.05% of the stock is currently owned by institutional investors.

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.