STMicroelectronics N.V. (NYSE:STM) Given Average Rating of “Moderate Buy” by Brokerages

STMicroelectronics N.V. (NYSE:STM) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $76.1667.

STM has been the topic of several recent research reports. Zacks Research downgraded STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. UBS Group set a $100.00 price target on STMicroelectronics in a research report on Wednesday, June 10th. Susquehanna boosted their price objective on STMicroelectronics from $60.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, July 21st. Barclays set a $60.00 price objective on STMicroelectronics in a report on Friday, July 24th. Finally, Morgan Stanley restated an “overweight” rating on shares of STMicroelectronics in a research note on Tuesday, June 30th.

Institutional Trading of STMicroelectronics

Hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC boosted its holdings in STMicroelectronics by 3,746.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock valued at $26,000 after purchasing an additional 974 shares during the period. Portus Wealth Advisors LLC bought a new position in shares of STMicroelectronics in the first quarter worth $32,000. Continuum Advisory LLC purchased a new stake in shares of STMicroelectronics in the second quarter worth $34,000. Public Employees Retirement System of Ohio purchased a new stake in shares of STMicroelectronics in the first quarter worth $45,000. Finally, Advisory Services Network LLC bought a new stake in STMicroelectronics during the third quarter valued at $52,000. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Price Performance

STM opened at $50.73 on Friday. The firm has a 50-day moving average price of $56.28 and a 200-day moving average price of $53.83. STMicroelectronics has a twelve month low of $21.11 and a twelve month high of $81.42. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $45.56 billion, a price-to-earnings ratio of 99.47 and a beta of 1.93.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Friday, July 24th. The semiconductor producer reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.46 billion. STMicroelectronics had a net margin of 3.56% and a return on equity of 4.30%. Equities analysts expect that STMicroelectronics will post 1.3 EPS for the current year.

STMicroelectronics Company Profile

STMicroelectronics N.V. (NYSE: STM) is a global semiconductor company that designs, develops, manufactures and markets a broad range of integrated circuits and electronic components. Its products are used in automotive systems, industrial equipment, personal electronics, communications infrastructure and other embedded applications.

The company’s portfolio includes microcontrollers and microprocessors, analog and mixed-signal devices, power semiconductors, sensors, MEMS devices, connectivity products and automotive semiconductors.