STMicroelectronics’ (STM) Positive Rating Reiterated at Susquehanna

Susquehanna reissued their positive rating on shares of STMicroelectronics (NYSE:STM) in a research note published on Thursday,Benzinga reports. They currently have a $33.00 target price on the semiconductor producer’s stock.

A number of other research firms also recently issued reports on STM. TD Cowen dropped their price objective on shares of STMicroelectronics from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Robert W. Baird cut their price objective on shares of STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Morgan Stanley lowered STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 4th. Craig Hallum cut their price target on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Citigroup upgraded STMicroelectronics to a “strong-buy” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.63.

STMicroelectronics Trading Down 0.2 %

NYSE:STM opened at $24.48 on Thursday. The company has a market cap of $22.12 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 2.98 and a beta of 1.57. The company has a current ratio of 2.84, a quick ratio of 2.16 and a debt-to-equity ratio of 0.12. The company has a 50 day simple moving average of $27.46 and a two-hundred day simple moving average of $33.84. STMicroelectronics has a 12 month low of $23.95 and a 12 month high of $51.27.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor producer reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.27 billion. STMicroelectronics’s revenue was down 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 earnings per share. Research analysts forecast that STMicroelectronics will post 1.64 earnings per share for the current year.

Institutional Trading of STMicroelectronics

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC grew its holdings in STMicroelectronics by 108.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock valued at $46,000 after buying an additional 809 shares in the last quarter. Main Management ETF Advisors LLC bought a new stake in STMicroelectronics in the 3rd quarter valued at $1,500,000. Two Sigma Advisers LP increased its holdings in STMicroelectronics by 674.2% in the 3rd quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock valued at $41,524,000 after acquiring an additional 1,216,300 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of STMicroelectronics by 0.7% during the 3rd quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer’s stock valued at $2,048,000 after purchasing an additional 493 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of STMicroelectronics during the third quarter valued at about $1,924,000. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Company Profile

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.