STMicroelectronics (NYSE:STM) Coverage Initiated by Analysts at BNP Paribas

Stock analysts at BNP Paribas began coverage on shares of STMicroelectronics (NYSE:STM) in a research note issued on Tuesday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $28.00 price target on the semiconductor producer’s stock. BNP Paribas’ target price would suggest a potential upside of 7.30% from the company’s previous close.

A number of other equities analysts have also weighed in on STM. Robert W. Baird dropped their price target on shares of STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Citigroup raised STMicroelectronics to a “strong-buy” rating in a research note on Thursday, October 10th. Morgan Stanley downgraded STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Monday, November 4th. StockNews.com lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Finally, Craig Hallum reduced their price objective on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.26.

STMicroelectronics Price Performance

Shares of STM opened at $26.10 on Tuesday. The company has a 50 day moving average of $27.19 and a two-hundred day moving average of $33.24. STMicroelectronics has a twelve month low of $23.95 and a twelve month high of $51.27. The company has a quick ratio of 2.16, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. The company has a market cap of $23.57 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 3.10 and a beta of 1.53.

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

Institutional Investors Weigh In On STMicroelectronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in STM. Truvestments Capital LLC bought a new position in shares of STMicroelectronics in the third quarter valued at approximately $25,000. Archer Investment Corp purchased a new stake 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 in the third quarter worth approximately $34,000. TD Private Client Wealth LLC lifted its holdings in STMicroelectronics by 108.3% in the 3rd 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 in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in STMicroelectronics by 144.2% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,243 shares of the semiconductor producer’s stock valued at $49,000 after purchasing an additional 734 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.