STMicroelectronics (NYSE:STM) Research Coverage Started at BNP Paribas

BNP Paribas started coverage on shares of STMicroelectronics (NYSE:STM) in a report issued on Tuesday, MarketBeat.com reports. The firm issued a neutral rating and a $28.00 target price on the semiconductor producer’s stock.

Several other brokerages also recently issued reports on STM. StockNews.com downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Morgan Stanley downgraded shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 4th. Citigroup raised shares of STMicroelectronics to a “strong-buy” rating in a research report on Thursday, October 10th. Robert W. Baird lowered 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. Finally, Craig Hallum lowered their price objective on shares of STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.26.

STMicroelectronics Trading Up 0.3 %

NYSE STM opened at $25.93 on Tuesday. STMicroelectronics has a one year low of $23.95 and a one year high of $51.27. The company’s 50 day moving average price is $27.05 and its 200 day moving average price is $32.97. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.16 and a current ratio of 2.84. The firm has a market capitalization of $23.43 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 3.13 and a beta of 1.53.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same quarter last year, the firm posted $1.16 earnings per share. STMicroelectronics’s revenue for the quarter was down 26.6% compared to the same quarter last year. On average, sell-side analysts predict that STMicroelectronics will post 1.64 EPS for the current year.

Institutional Trading of STMicroelectronics

Hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in STMicroelectronics in the third quarter worth $186,000. TD Private Client Wealth LLC boosted its holdings in STMicroelectronics by 108.3% in the third quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock worth $46,000 after purchasing an additional 809 shares during the period. Main Management ETF Advisors LLC acquired a new position in STMicroelectronics in the third quarter worth $1,500,000. Two Sigma Advisers LP boosted its holdings in STMicroelectronics by 674.2% in the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock worth $41,524,000 after purchasing an additional 1,216,300 shares during the period. Finally, Stifel Financial Corp boosted its holdings in STMicroelectronics by 0.7% in the third quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer’s stock worth $2,048,000 after purchasing an additional 493 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

About STMicroelectronics

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.