STMicroelectronics N.V. (NYSE:STM) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday. The firm presently has a $27.00 price target on the semiconductor producer’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 14.65% from the company’s current price.

According to Zacks, “STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems. “

A number of other analysts have also recently issued reports on the company. Craig Hallum reissued a “buy” rating on shares of STMicroelectronics N.V. in a research note on Wednesday, September 13th. J P Morgan Chase & Co raised STMicroelectronics N.V. from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 11th. Finally, BidaskClub raised STMicroelectronics N.V. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. STMicroelectronics N.V. currently has an average rating of “Buy” and a consensus target price of $21.88.

STMicroelectronics N.V. (NYSE STM) opened at 23.55 on Tuesday. STMicroelectronics N.V. has a 12 month low of $8.87 and a 12 month high of $23.97. The company’s 50-day moving average is $19.96 and its 200-day moving average is $17.22. The stock has a market capitalization of $20.91 billion, a P/E ratio of 48.16 and a beta of 0.70.

STMicroelectronics N.V. (NYSE:STM) last posted its earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. STMicroelectronics N.V. had a return on equity of 13.47% and a net margin of 7.84%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the prior year, the business earned $0.11 EPS. STMicroelectronics N.V.’s revenue for the quarter was up 18.9% compared to the same quarter last year. Equities analysts anticipate that STMicroelectronics N.V. will post $0.84 earnings per share for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC grew its stake in shares of STMicroelectronics N.V. by 5.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 9,105 shares of the semiconductor producer’s stock worth $127,000 after acquiring an additional 433 shares in the last quarter. CIBC World Markets Inc. grew its stake in shares of STMicroelectronics N.V. by 8.1% during the 2nd quarter. CIBC World Markets Inc. now owns 13,636 shares of the semiconductor producer’s stock worth $196,000 after acquiring an additional 1,027 shares in the last quarter. Wetherby Asset Management Inc. grew its stake in shares of STMicroelectronics N.V. by 7.1% during the 2nd quarter. Wetherby Asset Management Inc. now owns 16,514 shares of the semiconductor producer’s stock worth $237,000 after acquiring an additional 1,101 shares in the last quarter. Financial Architects Inc grew its stake in shares of STMicroelectronics N.V. by 14.8% during the 2nd quarter. Financial Architects Inc now owns 9,141 shares of the semiconductor producer’s stock worth $132,000 after acquiring an additional 1,181 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of STMicroelectronics N.V. by 4.6% during the 2nd quarter. Bank of Montreal Can now owns 30,957 shares of the semiconductor producer’s stock worth $445,000 after acquiring an additional 1,349 shares in the last quarter. 5.30% of the stock is owned by institutional investors.

About STMicroelectronics N.V.

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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