STMicroelectronics (NYSE:STM) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Saturday, September 15th. Bank of America raised shares of STMicroelectronics from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 13th. Finally, Craig Hallum lowered their target price on shares of STMicroelectronics from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. STMicroelectronics currently has a consensus rating of “Hold” and an average target price of $26.15.

STM traded up $0.22 on Monday, hitting $19.04. 3,739,200 shares of the company’s stock were exchanged, compared to its average volume of 3,446,286. STMicroelectronics has a fifty-two week low of $17.43 and a fifty-two week high of $26.43. The company has a quick ratio of 1.65, a current ratio of 2.36 and a debt-to-equity ratio of 0.28. The stock has a market cap of $16.87 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 2.74 and a beta of 0.76.

STMicroelectronics (NYSE:STM) last announced its earnings results on Wednesday, July 25th. The semiconductor producer reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). STMicroelectronics had a return on equity of 20.69% and a net margin of 11.48%. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the firm earned $0.17 EPS. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. research analysts anticipate that STMicroelectronics will post 1.38 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in STM. Wells Fargo & Company MN boosted its position in shares of STMicroelectronics by 47.4% during the 1st quarter. Wells Fargo & Company MN now owns 497,828 shares of the semiconductor producer’s stock valued at $11,097,000 after acquiring an additional 160,095 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of STMicroelectronics by 14.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 82,328 shares of the semiconductor producer’s stock valued at $1,835,000 after acquiring an additional 10,493 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of STMicroelectronics by 13.4% during the 1st quarter. Eagle Asset Management Inc. now owns 20,743 shares of the semiconductor producer’s stock valued at $462,000 after acquiring an additional 2,446 shares during the last quarter. Northern Trust Corp boosted its position in shares of STMicroelectronics by 7.3% during the 1st quarter. Northern Trust Corp now owns 410,483 shares of the semiconductor producer’s stock valued at $9,149,000 after acquiring an additional 28,089 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of STMicroelectronics by 14.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,335,623 shares of the semiconductor producer’s stock valued at $29,771,000 after acquiring an additional 165,520 shares during the last quarter. 4.22% of the stock is currently owned by hedge funds and other institutional investors.

STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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