STMicroelectronics (NYSE:STM) Given Average Rating of “Hold” by Brokerages

STMicroelectronics (NYSE:STM) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $31.26.

STM has been the topic of several recent analyst reports. TD Cowen downgraded STMicroelectronics from a “buy” rating to a “hold” rating and reduced their price target for the stock from $32.00 to $25.00 in a report on Monday, January 13th. Barclays lowered STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein cut shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $33.00 to $26.00 in a report on Wednesday, February 5th. BNP Paribas initiated coverage on shares of STMicroelectronics in a research note on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 price target on the stock. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of STMicroelectronics in a research report on Monday, December 9th.

Hedge Funds Weigh In On STMicroelectronics

A number of large investors have recently bought and sold shares of STM. Aigen Investment Management LP bought a new position in STMicroelectronics in the third quarter worth about $1,157,000. Clear Creek Financial Management LLC bought a new position in shares of STMicroelectronics during the 4th quarter worth approximately $468,000. Point72 Asset Management L.P. purchased a new stake in STMicroelectronics during the third quarter valued at approximately $1,924,000. Schechter Investment Advisors LLC purchased a new stake in STMicroelectronics during the fourth quarter valued at approximately $758,000. Finally, Diversified Trust Co acquired a new stake in STMicroelectronics in the fourth quarter valued at approximately $583,000. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Up 2.1 %

NYSE STM opened at $26.46 on Monday. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. STMicroelectronics has a 52 week low of $21.36 and a 52 week high of $48.75. The firm has a market capitalization of $23.90 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.16 and a beta of 1.56. The company has a fifty day moving average of $24.75 and a two-hundred day moving average of $26.50.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. On average, analysts predict that STMicroelectronics will post 0.85 earnings per share for the current year.

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.