STMicroelectronics (NYSE:STM) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday, December 1st.
Several other brokerages also recently commented on STM. Zacks Investment Research downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Craig Hallum reaffirmed a “buy” rating on shares of STMicroelectronics in a research note on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $21.88.
Shares of STMicroelectronics (STM) opened at $21.78 on Friday. STMicroelectronics has a fifty-two week low of $10.41 and a fifty-two week high of $24.80. The stock has a market cap of $19,495.95, a PE ratio of 29.32, a PEG ratio of 4.66 and a beta of 0.78. The company has a quick ratio of 1.73, a current ratio of 2.29 and a debt-to-equity ratio of 0.33.
STMicroelectronics (NYSE:STM) last announced its earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.10 billion. STMicroelectronics had a net margin of 7.84% and a return on equity of 13.47%. The business’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 EPS. analysts predict that STMicroelectronics will post 0.92 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in STM. Thompson Davis & CO. Inc. raised its position in shares of STMicroelectronics by 225.2% in the third quarter. Thompson Davis & CO. Inc. now owns 8,000 shares of the semiconductor producer’s stock valued at $155,000 after purchasing an additional 5,540 shares during the period. Quadrant Capital Group LLC raised its position in shares of STMicroelectronics by 5.0% in the second quarter. Quadrant Capital Group LLC now owns 9,105 shares of the semiconductor producer’s stock valued at $127,000 after purchasing an additional 433 shares during the period. PNC Financial Services Group Inc. raised its position in shares of STMicroelectronics by 22.6% in the second quarter. PNC Financial Services Group Inc. now owns 9,573 shares of the semiconductor producer’s stock valued at $138,000 after purchasing an additional 1,765 shares during the period. Moors & Cabot Inc. purchased a new position in STMicroelectronics during the third quarter valued at approximately $197,000. Finally, Cetera Investment Advisers purchased a new position in STMicroelectronics during the second quarter valued at approximately $156,000. 5.06% of the stock is currently owned by institutional investors and hedge funds.
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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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