Brokerages Set STMicroelectronics (NYSE:STM) PT at $50.75

STMicroelectronics (NYSE:STMGet Free Report) has earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $50.75.

A number of equities research analysts have weighed in on the stock. HSBC assumed coverage on shares of STMicroelectronics in a research note on Thursday, February 22nd. They set a “buy” rating on the stock. UBS Group raised shares of STMicroelectronics from a “neutral” rating to a “buy” rating in a report on Friday, December 15th. StockNews.com downgraded STMicroelectronics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. Finally, Craig Hallum decreased their price target on STMicroelectronics from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th.

Read Our Latest Report on STMicroelectronics

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Thomas J. Herzfeld Advisors Inc. boosted its stake in STMicroelectronics by 548.4% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 590 shares of the semiconductor producer’s stock valued at $25,000 after acquiring an additional 499 shares during the last quarter. Huntington National Bank lifted its holdings in shares of STMicroelectronics by 112.7% during the 3rd quarter. Huntington National Bank now owns 689 shares of the semiconductor producer’s stock valued at $30,000 after purchasing an additional 365 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of STMicroelectronics in the 3rd quarter valued at approximately $30,000. Spire Wealth Management increased its stake in STMicroelectronics by 125.0% during the 3rd quarter. Spire Wealth Management now owns 720 shares of the semiconductor producer’s stock worth $31,000 after purchasing an additional 400 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in STMicroelectronics during the 4th quarter worth approximately $40,000. Institutional investors own 5.62% of the company’s stock.

STMicroelectronics Stock Down 0.4 %

Shares of STM opened at $43.30 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.44 and a current ratio of 3.17. The company has a 50-day simple moving average of $45.22 and a 200-day simple moving average of $44.88. STMicroelectronics has a 52 week low of $37.21 and a 52 week high of $55.85. The firm has a market capitalization of $39.09 billion, a P/E ratio of 9.71, a P/E/G ratio of 2.90 and a beta of 1.69.

STMicroelectronics (NYSE:STMGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor producer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.19. STMicroelectronics had a return on equity of 27.70% and a net margin of 24.36%. The firm had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the company posted $1.32 earnings per share. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts expect that STMicroelectronics will post 3.06 earnings per share for the current year.

About STMicroelectronics

(Get Free Report

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.

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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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