STMicroelectronics (NYSE:STM) Stock Rating Reaffirmed by William Blair

STMicroelectronics (NYSE:STM)‘s stock had its “market perform” rating reissued by equities researchers at William Blair in a research note issued on Friday, RTT News reports.

Several other brokerages also recently weighed in on STM. StockNews.com downgraded shares of STMicroelectronics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. Berenberg Bank upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Tuesday. Craig Hallum decreased their target price on STMicroelectronics from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. HSBC began coverage on STMicroelectronics in a research note on Thursday, February 22nd. They issued a “buy” rating for the company. Finally, Susquehanna reissued a “positive” rating and issued a $55.00 target price on shares of STMicroelectronics in a report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.75.

STMicroelectronics Stock Performance

Shares of STM traded down $1.17 during trading hours on Friday, hitting $41.43. The stock had a trading volume of 1,994,940 shares, compared to its average volume of 3,628,645. The stock has a fifty day moving average price of $43.83 and a 200 day moving average price of $44.58. STMicroelectronics has a 12 month low of $37.21 and a 12 month high of $55.85. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.17 and a quick ratio of 2.44. The firm has a market capitalization of $37.40 billion, a PE ratio of 9.30, a PEG ratio of 2.82 and a beta of 1.69.

STMicroelectronics (NYSE:STM) last announced its earnings results on Thursday, April 25th. The semiconductor producer reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). STMicroelectronics had a net margin of 24.36% and a return on equity of 27.70%. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the company posted $1.10 earnings per share. The firm’s quarterly revenue was down 18.4% on a year-over-year basis. Analysts anticipate that STMicroelectronics will post 2.99 EPS for the current year.

Institutional Trading of STMicroelectronics

Institutional investors have recently bought and sold shares of the stock. Thomas J. Herzfeld Advisors Inc. grew its stake in shares of STMicroelectronics by 548.4% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 590 shares of the semiconductor producer’s stock valued at $25,000 after buying an additional 499 shares during the last quarter. Mather Group LLC. purchased a new position in shares of STMicroelectronics during the first quarter valued at $28,000. Huntington National Bank raised its holdings in shares of STMicroelectronics by 112.7% in the third quarter. Huntington National Bank now owns 689 shares of the semiconductor producer’s stock valued at $30,000 after acquiring an additional 365 shares in the last quarter. Headlands Technologies LLC purchased a new stake in STMicroelectronics in the third quarter worth about $30,000. Finally, Spire Wealth Management boosted its stake in shares of STMicroelectronics by 125.0% during the third quarter. Spire Wealth Management now owns 720 shares of the semiconductor producer’s stock valued at $31,000 after purchasing an additional 400 shares in the last quarter. 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.