Shares of STMicroelectronics NV (NYSE:STM) gapped down prior to trading on Monday . The stock had previously closed at $16.21, but opened at $15.81. STMicroelectronics shares last traded at $15.21, with a volume of 5260992 shares changing hands.
STM has been the subject of a number of research analyst reports. Craig Hallum decreased their target price on STMicroelectronics from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, July 25th. ValuEngine downgraded STMicroelectronics from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Bank of America raised STMicroelectronics from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 13th. Zacks Investment Research downgraded STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Saturday, September 15th. Finally, Deutsche Bank raised STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, September 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $23.48.
The company has a debt-to-equity ratio of 0.27, a current ratio of 2.54 and a quick ratio of 1.81. The company has a market cap of $14.18 billion, a P/E ratio of 15.52, a P/E/G ratio of 2.27 and a beta of 1.08.
STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Wednesday, October 24th. The semiconductor producer reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.50 billion. STMicroelectronics had a return on equity of 21.97% and a net margin of 12.41%. The firm’s revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 EPS. As a group, analysts predict that STMicroelectronics NV will post 1.39 EPS for the current year.
Several hedge funds have recently modified their holdings of STM. PointState Capital LP purchased a new position in shares of STMicroelectronics during the 2nd quarter worth approximately $73,538,000. Renaissance Technologies LLC raised its stake in shares of STMicroelectronics by 177.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,873,245 shares of the semiconductor producer’s stock worth $64,027,000 after buying an additional 1,837,921 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of STMicroelectronics by 6,533.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,246,613 shares of the semiconductor producer’s stock worth $27,575,000 after buying an additional 1,227,821 shares in the last quarter. Capital Fund Management S.A. raised its stake in shares of STMicroelectronics by 21.2% during the 2nd quarter. Capital Fund Management S.A. now owns 998,945 shares of the semiconductor producer’s stock worth $22,097,000 after buying an additional 174,826 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of STMicroelectronics during the 2nd quarter worth approximately $3,005,000. 4.13% of the stock is owned by institutional investors and hedge funds.
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STMicroelectronics Company Profile (NYSE:STM)
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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