STMicroelectronics (NYSE:STM) Given Average Rating of “Moderate Buy” by Analysts

Shares of STMicroelectronics (NYSE:STM) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $53.00.

Several brokerages have commented on STM. Susquehanna dropped their price target on shares of STMicroelectronics from $65.00 to $55.00 and set a “positive” rating on the stock in a research report on Tuesday, October 24th. Robert W. Baird reiterated a “neutral” rating and issued a $35.00 target price (down from $50.00) on shares of STMicroelectronics in a report on Tuesday, October 31st. TD Cowen boosted their target price on shares of STMicroelectronics from $56.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. StockNews.com started coverage on STMicroelectronics in a report on Thursday, October 5th. They issued a “buy” rating on the stock. Finally, Morgan Stanley raised STMicroelectronics from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 1st.

STMicroelectronics Stock Up 1.2 %

STM stock opened at $46.29 on Tuesday. STMicroelectronics has a 52 week low of $34.59 and a 52 week high of $55.85. The company has a market capitalization of $42.05 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 2.12 and a beta of 1.62. The firm’s 50-day moving average is $42.36 and its two-hundred day moving average is $45.71. The company has a current ratio of 2.94, a quick ratio of 2.17 and a debt-to-equity ratio of 0.16.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, October 26th. The semiconductor producer reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. STMicroelectronics had a return on equity of 30.92% and a net margin of 25.15%. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the previous year, the business earned $1.16 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts forecast that STMicroelectronics will post 4.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Thomas J. Herzfeld Advisors Inc. raised its position in STMicroelectronics by 548.4% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 590 shares of the semiconductor producer’s stock valued at $25,000 after buying an additional 499 shares during the period. Huntington National Bank increased its holdings in shares of STMicroelectronics by 112.7% in the 3rd quarter. Huntington National Bank now owns 689 shares of the semiconductor producer’s stock valued at $30,000 after purchasing an additional 365 shares during the period. Headlands Technologies LLC acquired a new position in STMicroelectronics in the 3rd quarter valued at approximately $30,000. Glass Jacobson Investment Advisors llc acquired a new position in STMicroelectronics in the 2nd quarter valued at approximately $31,000. Finally, Spire Wealth Management increased its stake in STMicroelectronics by 125.0% in the 3rd quarter. Spire Wealth Management now owns 720 shares of the semiconductor producer’s stock valued at $31,000 after buying an additional 400 shares during the period. 5.62% of the stock is owned by institutional investors and hedge funds.

STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.