STMicroelectronics (NYSE:STM) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday.
Several other research analysts also recently issued reports on STM. Vetr downgraded shares of STMicroelectronics from a “strong-buy” rating to a “buy” rating and set a $25.44 price objective on the stock. in a research report on Tuesday, March 6th. Zacks Investment Research downgraded shares of STMicroelectronics from a “hold” rating to a “sell” rating in a research report on Saturday, April 28th. Finally, Stifel Nicolaus downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $26.81.
STMicroelectronics stock traded down $0.66 during midday trading on Thursday, hitting $21.84. 4,962,259 shares of the company’s stock were exchanged, compared to its average volume of 3,504,160. STMicroelectronics has a 12-month low of $14.07 and a 12-month high of $26.43. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.79 and a current ratio of 2.47. The company has a market capitalization of $20.58 billion, a P/E ratio of 22.29, a PEG ratio of 3.33 and a beta of 0.80.
STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Wednesday, April 25th. The semiconductor producer reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. STMicroelectronics had a net margin of 10.67% and a return on equity of 19.45%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the firm posted $0.12 EPS. equities analysts expect that STMicroelectronics will post 1.38 earnings per share for the current year.
Large investors have recently modified their holdings of the company. Summit Trail Advisors LLC boosted its holdings in shares of STMicroelectronics by 2,312.8% in the first quarter. Summit Trail Advisors LLC now owns 109,277 shares of the semiconductor producer’s stock valued at $109,000 after acquiring an additional 104,748 shares in the last quarter. Financial Gravity Wealth Inc. purchased a new stake in shares of STMicroelectronics in the first quarter valued at about $113,000. SevenBridge Financial Group LLC purchased a new stake in shares of STMicroelectronics in the first quarter valued at about $139,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of STMicroelectronics in the first quarter valued at about $198,000. Finally, Sand Hill Global Advisors LLC purchased a new stake in shares of STMicroelectronics in the fourth quarter valued at about $204,000. 4.03% of the stock is currently owned by institutional investors and hedge funds.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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