STMicroelectronics (NYSE:STM) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

STM has been the topic of several other research reports. Zacks Investment Research upgraded shares of STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a report on Tuesday, October 31st. Craig Hallum raised their target price on shares of STMicroelectronics from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $21.88.

Shares of STMicroelectronics (NYSE STM) traded down $0.42 during mid-day trading on Friday, reaching $22.20. 6,159,564 shares of the company traded hands, compared to its average volume of 3,504,447. STMicroelectronics has a 52 week low of $9.77 and a 52 week high of $24.80. The company has a quick ratio of 1.73, a current ratio of 2.29 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $20,607.50, a PE ratio of 30.99, a P/E/G ratio of 4.92 and a beta of 0.78.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. STMicroelectronics had a net margin of 7.84% and a return on equity of 13.47%. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter last year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. analysts predict that STMicroelectronics will post 0.92 EPS for the current year.

Several institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC boosted its stake in shares of STMicroelectronics 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 during the last quarter. CIBC World Markets Inc. boosted its stake in shares of STMicroelectronics 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 during the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of STMicroelectronics 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 during the last quarter. Bank of Montreal Can boosted its stake in shares of STMicroelectronics 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 during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of STMicroelectronics by 22.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,573 shares of the semiconductor producer’s stock worth $138,000 after acquiring an additional 1,765 shares during the last quarter. Institutional investors and hedge funds own 5.06% of the company’s stock.

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About STMicroelectronics

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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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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