STMicroelectronics NV (STM) Lowered to “Hold” at Stifel Nicolaus
STMicroelectronics NV (NYSE:STM) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Monday.
A number of other research firms have also weighed in on STM. Craig Hallum restated a “buy” rating and set a $20.00 price target on shares of STMicroelectronics NV in a research report on Thursday, April 27th. Royal Bank of Canada reiterated a “sector perform” rating on shares of STMicroelectronics NV in a report on Thursday, March 16th. Robert W. Baird boosted their target price on shares of STMicroelectronics NV from $15.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Barclays PLC upgraded shares of STMicroelectronics NV from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 22nd. Finally, Credit Suisse Group AG upgraded shares of STMicroelectronics NV from an “underperform” rating to a “neutral” rating in a report on Friday, January 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.67.
Shares of STMicroelectronics NV (NYSE:STM) traded up 0.451% on Monday, hitting $16.705. 267,527 shares of the company were exchanged. STMicroelectronics NV has a 52-week low of $5.24 and a 52-week high of $16.86. The stock has a market capitalization of $14.76 billion, a PE ratio of 46.924 and a beta of 0.88. The firm’s 50-day moving average is $15.64 and its 200-day moving average is $12.93.
STMicroelectronics NV (NYSE:STM) last posted its quarterly earnings results on Thursday, April 27th. The semiconductor producer reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.82 billion. STMicroelectronics NV had a return on equity of 5.37% and a net margin of 2.37%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. Equities research analysts predict that STMicroelectronics NV will post $0.75 earnings per share for the current year.
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A number of institutional investors have recently bought and sold shares of STM. Envestnet Asset Management Inc. increased its stake in STMicroelectronics NV by 20.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,607 shares of the semiconductor producer’s stock worth $119,000 after buying an additional 1,771 shares during the period. PNC Financial Services Group Inc. increased its stake in STMicroelectronics NV by 114.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,808 shares of the semiconductor producer’s stock worth $121,000 after buying an additional 4,175 shares during the period. Tyers Asset Management LLC bought a new stake in STMicroelectronics NV during the fourth quarter worth about $123,000. Financial Architects Inc bought a new stake in STMicroelectronics NV during the first quarter worth about $123,000. Finally, Gideon Capital Advisors Inc. bought a new stake in STMicroelectronics NV during the fourth quarter worth about $129,000. Institutional investors own 3.07% of the company’s stock.
About STMicroelectronics NV
STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.
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