STMicroelectronics (STM) Lowered to Buy at Vetr

STMicroelectronics (NYSE:STM) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Friday. They currently have a $27.76 price objective on the semiconductor producer’s stock. Vetr‘s price objective would suggest a potential upside of 10.77% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Craig Hallum lifted their target price on STMicroelectronics from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Societe Generale initiated coverage on STMicroelectronics in a research note on Wednesday. They set a “buy” rating for the company. Credit Suisse Group upgraded STMicroelectronics from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. ValuEngine downgraded STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research upgraded STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.05.

Shares of STMicroelectronics (NYSE:STM) traded up $0.17 during midday trading on Friday, hitting $25.06. The stock had a trading volume of 4,211,099 shares, compared to its average volume of 2,950,000. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.29 and a quick ratio of 1.73. STMicroelectronics has a one year low of $11.54 and a one year high of $25.30. The company has a market cap of $22,790.00, a P/E ratio of 37.97, a P/E/G ratio of 3.94 and a beta of 0.79.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 EPS for the quarter, topping the Thomson Reuters’ 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 previous year, the company posted $0.11 EPS. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. equities analysts predict that STMicroelectronics will post 0.93 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its stake in STMicroelectronics by 5.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 9,105 shares of the semiconductor producer’s stock valued at $127,000 after purchasing an additional 433 shares during the period. CIBC World Markets Inc. boosted its stake in STMicroelectronics by 8.1% in the 2nd quarter. CIBC World Markets Inc. now owns 13,636 shares of the semiconductor producer’s stock valued at $196,000 after purchasing an additional 1,027 shares during the period. PNC Financial Services Group Inc. boosted its stake in STMicroelectronics by 22.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,573 shares of the semiconductor producer’s stock valued at $138,000 after purchasing an additional 1,765 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in STMicroelectronics by 2.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 88,934 shares of the semiconductor producer’s stock valued at $1,727,000 after purchasing an additional 2,392 shares during the period. Finally, Eagle Asset Management Inc. boosted its stake in STMicroelectronics by 15.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 24,055 shares of the semiconductor producer’s stock valued at $477,000 after purchasing an additional 3,238 shares during the period. Institutional investors and hedge funds own 5.09% of the company’s stock.

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STMicroelectronics Company Profile

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for STMicroelectronics (NYSE:STM)

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