Equities research analysts at Societe Generale initiated coverage on shares of STMicroelectronics (NYSE:STM) in a research note issued on Wednesday. The brokerage set a “buy” rating on the semiconductor producer’s stock.
STM has been the subject of several other reports. Zacks Investment Research upgraded STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a report on Tuesday, October 31st. Craig Hallum increased their price target on STMicroelectronics from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Credit Suisse Group upgraded STMicroelectronics from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. Finally, ValuEngine downgraded STMicroelectronics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $21.88.
Shares of STMicroelectronics (STM) traded up $0.44 during trading on Wednesday, hitting $24.34. The company’s stock had a trading volume of 2,865,896 shares, compared to its average volume of 3,100,000. STMicroelectronics has a 12 month low of $11.36 and a 12 month high of $24.80. The company has a market capitalization of $22,420.00, a P/E ratio of 36.88, a P/E/G ratio of 3.83 and a beta of 0.79. The company has a quick ratio of 1.73, a current ratio of 2.29 and a debt-to-equity ratio of 0.33.
Several large investors have recently bought and sold shares of STM. Quadrant Capital Group LLC grew its holdings in shares of STMicroelectronics by 5.0% during the second quarter. Quadrant Capital Group LLC now owns 9,105 shares of the semiconductor producer’s stock worth $127,000 after buying an additional 433 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of STMicroelectronics by 22.6% during the second quarter. PNC Financial Services Group Inc. now owns 9,573 shares of the semiconductor producer’s stock worth $138,000 after buying an additional 1,765 shares in the last quarter. Thompson Davis & CO. Inc. grew its holdings in shares of STMicroelectronics by 225.2% during the third quarter. Thompson Davis & CO. Inc. now owns 8,000 shares of the semiconductor producer’s stock worth $155,000 after buying an additional 5,540 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of STMicroelectronics during the second quarter worth about $156,000. Finally, Stevens Capital Management LP bought a new position in shares of STMicroelectronics during the second quarter worth about $163,000. Institutional investors and hedge funds own 5.09% 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.
