STMicroelectronics (NYSE:STM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

STMicroelectronics (NYSE:STM) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $49.76.

Several research analysts have recently issued reports on the company. The Goldman Sachs Group raised STMicroelectronics from a “sell” rating to a “neutral” rating and increased their price target for the stock from $35.50 to $45.80 in a research note on Tuesday, June 18th. StockNews.com upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, June 12th. William Blair reaffirmed a “market perform” rating on shares of STMicroelectronics in a research note on Friday, April 26th. Berenberg Bank upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Finally, Susquehanna restated a “positive” rating and issued a $55.00 target price on shares of STMicroelectronics in a research report on Monday, April 8th.

STMicroelectronics Trading Up 0.7 %

Shares of NYSE:STM opened at $39.28 on Wednesday. The company has a quick ratio of 2.58, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $41.58 and its 200 day moving average price is $43.93. The company has a market cap of $35.46 billion, a PE ratio of 10.07, a P/E/G ratio of 3.69 and a beta of 1.62. STMicroelectronics has a fifty-two week low of $37.21 and a fifty-two week high of $55.85.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, April 25th. The semiconductor producer reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). STMicroelectronics had a net margin of 22.30% and a return on equity of 22.95%. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the firm posted $1.10 EPS. The business’s quarterly revenue was down 18.4% on a year-over-year basis. Sell-side analysts anticipate that STMicroelectronics will post 2.13 earnings per share for the current year.

Hedge Funds Weigh In On STMicroelectronics

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mather Group LLC. acquired a new position in shares of STMicroelectronics in the first quarter worth about $28,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in STMicroelectronics during the 4th quarter worth about $40,000. GAMMA Investing LLC acquired a new position in STMicroelectronics in the 4th quarter valued at approximately $48,000. Headlands Technologies LLC lifted its position in STMicroelectronics by 74.9% in the 4th quarter. Headlands Technologies LLC now owns 1,221 shares of the semiconductor producer’s stock worth $61,000 after buying an additional 523 shares in the last quarter. Finally, Principal Securities Inc. acquired a new position in shares of STMicroelectronics in the fourth quarter worth $70,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

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.