STMicroelectronics (NYSE:STM) Given Consensus Recommendation of “Moderate Buy” by Analysts

STMicroelectronics (NYSE:STM) has earned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $37.63.

STM has been the subject of a number of analyst reports. StockNews.com lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Susquehanna reissued a “positive” rating and set a $33.00 price target on shares of STMicroelectronics in a research note on Thursday, November 21st. Citigroup upgraded STMicroelectronics to a “strong-buy” rating in a research report on Thursday, October 10th. Craig Hallum dropped their target price on shares of STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Morgan Stanley cut STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 4th.

STMicroelectronics Trading Down 0.7 %

Shares of STM opened at $25.40 on Friday. STMicroelectronics has a fifty-two week low of $23.95 and a fifty-two week high of $51.27. The business has a 50-day moving average of $27.36 and a 200 day moving average of $33.59. The firm has a market cap of $22.94 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 3.13 and a beta of 1.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.16 and a current ratio of 2.84.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.27 billion. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The firm’s quarterly revenue was down 26.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 earnings per share. As a group, research analysts forecast that STMicroelectronics will post 1.64 EPS for the current year.

Institutional Trading of STMicroelectronics

Institutional investors and hedge funds have recently modified their holdings of the business. Truvestments Capital LLC bought a new stake in STMicroelectronics in the 3rd quarter worth about $25,000. Archer Investment Corp purchased a new position in shares of STMicroelectronics during the third quarter valued at approximately $30,000. Waldron Private Wealth LLC purchased a new position in shares of STMicroelectronics during the third quarter valued at approximately $34,000. TD Private Client Wealth LLC boosted its holdings in STMicroelectronics by 108.3% in the third quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock worth $46,000 after purchasing an additional 809 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in STMicroelectronics by 144.2% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,243 shares of the semiconductor producer’s stock worth $49,000 after purchasing an additional 734 shares during the period. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Company Profile

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.