STMicroelectronics (NYSE:STM) Cut to “Hold” at StockNews.com

STMicroelectronics (NYSE:STM) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Several other research firms have also issued reports on STM. Susquehanna reaffirmed a “positive” rating and issued a $55.00 price target on shares of STMicroelectronics in a research report on Monday, April 8th. Berenberg Bank raised STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. HSBC assumed coverage on STMicroelectronics in a research report on Thursday, February 22nd. They issued a “buy” rating for the company. William Blair reaffirmed a “market perform” rating on shares of STMicroelectronics in a research report on Friday. Finally, Craig Hallum lowered their price target on STMicroelectronics from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, STMicroelectronics has a consensus rating of “Moderate Buy” and a consensus target price of $50.75.

STMicroelectronics Stock Performance

Shares of STMicroelectronics stock opened at $41.33 on Friday. The company has a current ratio of 3.17, a quick ratio of 2.44 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $37.31 billion, a P/E ratio of 10.60, a P/E/G ratio of 2.85 and a beta of 1.69. The business has a fifty day simple moving average of $43.75 and a two-hundred day simple moving average of $44.56. STMicroelectronics has a 12 month low of $37.21 and a 12 month high of $55.85.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Thursday, April 25th. The semiconductor producer reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.61 billion. STMicroelectronics had a net margin of 22.30% and a return on equity of 23.52%. The business’s quarterly revenue was down 18.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 EPS. On average, equities analysts forecast that STMicroelectronics will post 2.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On STMicroelectronics

Several large investors have recently bought and sold shares of the business. SFE Investment Counsel increased its holdings in STMicroelectronics by 2.8% in the 4th quarter. SFE Investment Counsel now owns 9,551 shares of the semiconductor producer’s stock worth $479,000 after buying an additional 258 shares in the last quarter. M&T Bank Corp grew its stake in shares of STMicroelectronics by 3.7% during the 3rd quarter. M&T Bank Corp now owns 7,579 shares of the semiconductor producer’s stock valued at $327,000 after purchasing an additional 270 shares during the period. Blue Trust Inc. grew its stake in shares of STMicroelectronics by 11.2% during the 4th quarter. Blue Trust Inc. now owns 2,701 shares of the semiconductor producer’s stock valued at $135,000 after purchasing an additional 272 shares during the period. Schechter Investment Advisors LLC grew its stake in shares of STMicroelectronics by 3.0% during the 3rd quarter. Schechter Investment Advisors LLC now owns 10,335 shares of the semiconductor producer’s stock valued at $446,000 after purchasing an additional 298 shares during the period. Finally, Gallacher Capital Management LLC grew its stake in shares of STMicroelectronics by 3.8% during the 4th quarter. Gallacher Capital Management LLC now owns 8,905 shares of the semiconductor producer’s stock valued at $446,000 after purchasing an additional 327 shares during the period. 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.