STMicroelectronics (NYSE:STM) was upgraded by equities researchers at Credit Suisse Group from a “neutral” rating to a “buy” rating in a report issued on Thursday, January 11th.
Other research analysts also recently issued reports about the company. Craig Hallum lifted their price target on STMicroelectronics from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. ValuEngine cut STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research upgraded STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $23.85.
Shares of STMicroelectronics (STM) traded up $0.05 during midday trading on Thursday, reaching $22.34. The company’s stock had a trading volume of 3,429,689 shares, compared to its average volume of 4,094,016. The firm has a market cap of $21,140.00, a price-to-earnings ratio of 25.39, a PEG ratio of 3.47 and a beta of 0.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.52 and a quick ratio of 1.86. STMicroelectronics has a 12-month low of $13.28 and a 12-month high of $25.30.
STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Thursday, January 25th. The semiconductor producer reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.06. STMicroelectronics had a return on equity of 17.55% and a net margin of 9.62%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the company earned $0.13 EPS. The firm’s revenue was up 32.7% on a year-over-year basis. equities research analysts forecast that STMicroelectronics will post 1.32 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC increased its holdings in 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 last quarter. PNC Financial Services Group Inc. increased its holdings 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 worth $138,000 after acquiring an additional 1,765 shares in the last quarter. Thompson Davis & CO. Inc. increased its holdings 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 worth $155,000 after acquiring an additional 5,540 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of STMicroelectronics in the second quarter worth about $156,000. Finally, Stevens Capital Management LP bought a new position in shares of STMicroelectronics during the second quarter worth about $163,000. 4.99% 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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