STMicroelectronics (NYSE:STM) Coverage Initiated at BNP Paribas

Investment analysts at BNP Paribas began coverage on shares of STMicroelectronics (NYSE:STM) in a research report issued on Tuesday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $28.00 price target on the semiconductor producer’s stock. BNP Paribas’ price objective suggests a potential upside of 8.28% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Robert W. Baird cut their price target on shares of STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Craig Hallum cut their price target on shares of STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Morgan Stanley cut shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 4th. Finally, Citigroup upgraded shares of STMicroelectronics to a “strong-buy” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.26.

STMicroelectronics Stock Up 0.3 %

STMicroelectronics stock opened at $25.86 on Tuesday. The company has a market cap of $23.36 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 3.18 and a beta of 1.53. STMicroelectronics has a 1-year low of $23.95 and a 1-year high of $51.27. The company has a fifty day simple moving average of $27.10 and a 200 day simple moving average of $33.02. The company has a current ratio of 2.84, a quick ratio of 2.16 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The business 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 firm’s revenue for the quarter was down 26.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 earnings per share. Research analysts anticipate that STMicroelectronics will post 1.64 earnings per share for the current fiscal year.

Institutional Trading of STMicroelectronics

A number of hedge funds have recently modified their holdings of STM. B. Riley Wealth Advisors Inc. acquired a new stake in shares of STMicroelectronics during the 1st quarter worth about $235,000. Tidal Investments LLC raised its stake in STMicroelectronics by 12.4% in the 1st quarter. Tidal Investments LLC now owns 20,083 shares of the semiconductor producer’s stock worth $868,000 after purchasing an additional 2,214 shares in the last quarter. Cetera Investment Advisers raised its stake in STMicroelectronics by 340.9% in the 1st quarter. Cetera Investment Advisers now owns 45,285 shares of the semiconductor producer’s stock worth $1,958,000 after purchasing an additional 35,015 shares in the last quarter. Cetera Advisors LLC raised its stake in STMicroelectronics by 145.6% in the 1st quarter. Cetera Advisors LLC now owns 18,735 shares of the semiconductor producer’s stock worth $810,000 after purchasing an additional 11,106 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in STMicroelectronics by 5.3% in the 2nd quarter. SG Americas Securities LLC now owns 53,875 shares of the semiconductor producer’s stock worth $2,116,000 after purchasing an additional 2,693 shares in the last quarter. 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.