STMicroelectronics N.V. (NYSE:STM) Given Consensus Rating of “Hold” by Brokerages

STMicroelectronics N.V. (NYSE:STM) has been given an average recommendation of “Hold” by the twenty ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $31.1875.

Several equities research analysts have recently issued reports on STM shares. Craig Hallum lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a research report on Thursday, July 24th. Barclays reiterated an “underweight” rating on shares of STMicroelectronics in a report on Tuesday, September 16th. Citigroup reiterated a “buy” rating on shares of STMicroelectronics in a report on Thursday, September 4th. BNP Paribas upgraded STMicroelectronics from a “hold” rating to an “outperform” rating in a report on Thursday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a research note on Friday, July 25th.

Hedge Funds Weigh In On STMicroelectronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC increased its position in shares of STMicroelectronics by 2.6% during the third quarter. Legacy Wealth Asset Management LLC now owns 18,500 shares of the semiconductor producer’s stock worth $523,000 after acquiring an additional 475 shares during the last quarter. CWM LLC increased its holdings in STMicroelectronics by 27.5% during the 2nd quarter. CWM LLC now owns 2,680 shares of the semiconductor producer’s stock worth $82,000 after purchasing an additional 578 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of STMicroelectronics by 5.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,930 shares of the semiconductor producer’s stock valued at $284,000 after purchasing an additional 650 shares in the last quarter. Signaturefd LLC boosted its stake in shares of STMicroelectronics by 3.4% during the 3rd quarter. Signaturefd LLC now owns 20,598 shares of the semiconductor producer’s stock valued at $582,000 after buying an additional 677 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its position in shares of STMicroelectronics by 5.6% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 13,041 shares of the semiconductor producer’s stock worth $397,000 after buying an additional 697 shares in the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Stock Performance

STMicroelectronics stock opened at $23.52 on Friday. The company has a market cap of $21.12 billion, a price-to-earnings ratio of 40.54, a price-to-earnings-growth ratio of 4.59 and a beta of 1.67. STMicroelectronics has a 12 month low of $17.25 and a 12 month high of $33.47. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.22 and a quick ratio of 2.28. The stock’s 50-day moving average is $27.10 and its 200-day moving average is $27.19.

STMicroelectronics (NYSE:STM) last posted its earnings results on Wednesday, November 5th. The semiconductor producer reported $0.29 earnings per share (EPS) for the quarter. STMicroelectronics had a net margin of 4.55% and a return on equity of 4.06%. The firm had revenue of $3.19 billion during the quarter. Equities analysts anticipate that STMicroelectronics will post 0.85 earnings per share for the current year.

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.