STMicroelectronics (NYSE:STM) Earns “Market Perform” Rating from William Blair

STMicroelectronics (NYSE:STM)‘s stock had its “market perform” rating reaffirmed by research analysts at William Blair in a report released on Friday, RTT News reports.

Other equities analysts have also recently issued research reports about the company. StockNews.com cut STMicroelectronics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. Craig Hallum dropped their price target on STMicroelectronics from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Berenberg Bank upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a report on Tuesday. Susquehanna restated a “positive” rating and set a $55.00 target price on shares of STMicroelectronics in a research note on Monday, April 8th. Finally, HSBC assumed coverage on STMicroelectronics in a research report on Thursday, February 22nd. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.75.

STMicroelectronics Trading Down 2.7 %

STM traded down $1.17 during mid-day trading on Friday, hitting $41.43. The stock had a trading volume of 1,994,940 shares, compared to its average volume of 3,628,645. STMicroelectronics has a 1-year low of $37.21 and a 1-year high of $55.85. The firm has a market capitalization of $37.40 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 2.82 and a beta of 1.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.17 and a quick ratio of 2.44. The stock’s fifty day simple moving average is $43.83 and its 200-day simple moving average is $44.58.

STMicroelectronics (NYSE:STM) last posted its earnings results on Thursday, April 25th. The semiconductor producer reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). STMicroelectronics had a return on equity of 27.70% and a net margin of 24.36%. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the company posted $1.10 earnings per share. STMicroelectronics’s revenue for the quarter was down 18.4% compared to the same quarter last year. As a group, research analysts forecast that STMicroelectronics will post 2.99 EPS for the current fiscal year.

Institutional Investors Weigh In On STMicroelectronics

Institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its position in shares of STMicroelectronics by 13.7% in the 4th quarter. Van ECK Associates Corp now owns 3,735,524 shares of the semiconductor producer’s stock worth $187,262,000 after purchasing an additional 448,978 shares during the period. Quadrature Capital Ltd raised its position in shares of STMicroelectronics by 337.8% in the 4th quarter. Quadrature Capital Ltd now owns 510,834 shares of the semiconductor producer’s stock worth $25,561,000 after acquiring an additional 394,147 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in STMicroelectronics by 92.1% during the third quarter. Qube Research & Technologies Ltd now owns 643,578 shares of the semiconductor producer’s stock worth $27,777,000 after purchasing an additional 308,494 shares during the period. Grand Alliance Asset Management Ltd acquired a new stake in shares of STMicroelectronics during the 4th quarter worth approximately $14,036,000. Finally, International Assets Investment Management LLC bought a new stake in shares of STMicroelectronics in the 4th quarter valued at $11,500,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

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.