STMicroelectronics (NYSE:STM) Upgraded at Mizuho

Mizuho upgraded shares of STMicroelectronics (NYSE:STM) from a hold rating to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

A number of other analysts have also issued reports on the stock. Weiss Ratings lowered shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. Morgan Stanley upgraded shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research note on Thursday, March 26th. Finally, Susquehanna lifted their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $34.79.

STMicroelectronics Stock Up 6.4%

Shares of NYSE:STM opened at $44.24 on Thursday. The company has a current ratio of 3.36, a quick ratio of 2.43 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $34.54 and a 200 day simple moving average of $29.27. The firm has a market cap of $39.74 billion, a PE ratio of 245.81 and a beta of 1.51. STMicroelectronics has a 12-month low of $19.55 and a 12-month high of $44.64.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Friday, January 30th. The semiconductor producer reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.29 billion. STMicroelectronics had a return on equity of 2.70% and a net margin of 1.41%. On average, equities research analysts anticipate that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On STMicroelectronics

A number of hedge funds have recently added to or reduced their stakes in STM. Abound Wealth Management acquired a new position in STMicroelectronics in the fourth quarter worth $26,000. CIBC Private Wealth Group LLC boosted its holdings in STMicroelectronics by 3,746.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after purchasing an additional 974 shares during the period. Peterson Wealth Services boosted its holdings in STMicroelectronics by 3,086.5% in the third quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock worth $33,000 after purchasing an additional 1,142 shares during the period. Advisory Services Network LLC acquired a new position in STMicroelectronics in the third quarter worth $52,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in STMicroelectronics by 350.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 2,680 shares of the semiconductor producer’s stock worth $70,000 after purchasing an additional 2,085 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

About STMicroelectronics

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.