STMicroelectronics (STM) Receives New Coverage from Analysts at Societe Generale
Equities researchers at Societe Generale began coverage on shares of STMicroelectronics (NYSE:STM) in a research note issued on Wednesday. The brokerage set a “buy” rating on the semiconductor producer’s stock.
A number of other research firms have also commented on STM. Craig Hallum upped their price target on STMicroelectronics from $21.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Credit Suisse Group raised STMicroelectronics from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. ValuEngine lowered STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research raised STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a research report on Tuesday, October 31st. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $21.88.
STMicroelectronics (NYSE STM) traded down $0.33 during midday trading on Wednesday, hitting $23.90. The stock had a trading volume of 2,728,400 shares, compared to its average volume of 2,906,470. STMicroelectronics has a 12 month low of $11.36 and a 12 month high of $24.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.73 and a current ratio of 2.29. The company has a market cap of $22,310.00, a price-to-earnings ratio of 36.21, a PEG ratio of 3.83 and a beta of 0.79.
STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.10 billion. STMicroelectronics had a return on equity of 13.47% and a net margin of 7.84%. STMicroelectronics’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. sell-side analysts anticipate that STMicroelectronics will post 0.92 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the business. Thompson Davis & CO. Inc. grew its stake in shares of STMicroelectronics by 225.2% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 8,000 shares of the semiconductor producer’s stock worth $155,000 after buying an additional 5,540 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of STMicroelectronics by 5.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 9,105 shares of the semiconductor producer’s stock worth $127,000 after buying an additional 433 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of STMicroelectronics by 22.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,573 shares of the semiconductor producer’s stock worth $138,000 after buying an additional 1,765 shares during the last quarter. Moors & Cabot Inc. purchased a new stake in shares of STMicroelectronics in the 3rd quarter worth approximately $197,000. Finally, Cetera Investment Advisers purchased a new stake in shares of STMicroelectronics in the 2nd quarter worth approximately $156,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.
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STMicroelectronics Company Profile
STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.
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