STMicroelectronics (NYSE:STM) was upgraded by analysts at Kepler Capital Markets from a “reduce” rating to a “hold” rating in a research report issued to clients and investors on Friday.
A number of other research analysts have also commented on STM. Craig Hallum upped 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. 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. ValuEngine lowered STMicroelectronics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Credit Suisse Group upgraded STMicroelectronics from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. Finally, Societe Generale initiated coverage on STMicroelectronics in a report on Wednesday, January 17th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $23.85.
Shares of STMicroelectronics (NYSE:STM) opened at $22.91 on Friday. STMicroelectronics has a 1-year low of $12.74 and a 1-year high of $25.30. 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 firm has a market capitalization of $21,254.33, a P/E ratio of 33.69, a P/E/G ratio of 3.67 and a beta of 0.79.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Eqis Capital Management Inc. increased its position in shares of STMicroelectronics by 44.3% during the fourth quarter. Eqis Capital Management Inc. now owns 41,315 shares of the semiconductor producer’s stock valued at $902,000 after purchasing an additional 12,683 shares during the period. SG Americas Securities LLC increased its position in shares of STMicroelectronics by 19.2% during the fourth quarter. SG Americas Securities LLC now owns 96,844 shares of the semiconductor producer’s stock valued at $2,115,000 after purchasing an additional 15,606 shares during the period. Parametric Portfolio Associates LLC increased its position in shares of STMicroelectronics by 5.5% during the third quarter. Parametric Portfolio Associates LLC now owns 815,187 shares of the semiconductor producer’s stock valued at $15,831,000 after purchasing an additional 42,755 shares during the period. Moors & Cabot Inc. bought a new stake in shares of STMicroelectronics during the third quarter valued at approximately $197,000. Finally, Cetera Advisors LLC increased its position in shares of STMicroelectronics by 393.4% during the third quarter. Cetera Advisors LLC now owns 53,484 shares of the semiconductor producer’s stock valued at $1,041,000 after purchasing an additional 42,644 shares during the period. Institutional investors and hedge funds own 5.09% of the company’s stock.
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.
