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.
STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. STMicroelectronics had a return on equity of 13.47% and a net margin of 7.84%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the prior year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. equities research analysts expect that STMicroelectronics will post 0.92 EPS for the current fiscal year.
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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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.