STMicroelectronics (NYSE:STM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of STMicroelectronics (NYSE:STM) have received a consensus recommendation of “Hold” from the fifteen analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $31.26.

STM has been the subject of a number of research reports. TD Cowen downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating and reduced their price target for the company from $32.00 to $25.00 in a research report on Monday, January 13th. Barclays cut STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 22nd. Morgan Stanley raised STMicroelectronics from an “underweight” rating to an “equal weight” rating in a report on Thursday, February 13th. Jefferies Financial Group raised STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Sanford C. Bernstein cut shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $33.00 to $26.00 in a research note on Wednesday, February 5th.

STMicroelectronics Trading Down 0.7 %

NYSE STM opened at $22.93 on Friday. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $20.59 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.16 and a beta of 1.56. STMicroelectronics has a 52-week low of $21.36 and a 52-week high of $45.39. The firm has a 50-day moving average price of $24.62 and a 200 day moving average price of $25.95.

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

Institutional Trading of STMicroelectronics

Hedge funds and other institutional investors have recently bought and sold shares of the company. Truvestments Capital LLC purchased a new position in shares of STMicroelectronics during the 3rd quarter worth $25,000. GAMMA Investing LLC lifted its position in STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock worth $30,000 after buying an additional 531 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in STMicroelectronics during the fourth quarter worth about $31,000. Smartleaf Asset Management LLC grew its holdings in STMicroelectronics by 225.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock valued at $33,000 after buying an additional 921 shares during the period. Finally, TD Private Client Wealth LLC grew 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 valued at $46,000 after buying an additional 809 shares during the period. 5.05% of the stock is owned by hedge funds and other institutional investors.

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.