STMicroelectronics (NYSE:STM - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Jefferies Financial Group in a note issued to investors on Monday.
Several other analysts have also recently weighed in on STM. Zacks Research cut shares of STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 3rd. Wall Street Zen lowered shares of STMicroelectronics from a "buy" rating to a "hold" rating in a research report on Saturday, September 19th. Mizuho set a $70.00 price target on shares of STMicroelectronics in a research report on Thursday, October 29th. Bank of America reiterated a "buy" rating on shares of STMicroelectronics in a report on Friday, October 30th. Finally, Citigroup reiterated a "buy" rating on shares of STMicroelectronics in a research report on Wednesday, September 2nd. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $75.06.
Read Our Latest Report on STMicroelectronics
STMicroelectronics Trading Down 5.1%
Shares of STM stock traded down $2.47 on Monday, hitting $46.07. 9,587,085 shares of the stock traded hands, compared to its average volume of 10,158,066. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.30 and a current ratio of 3.13. STMicroelectronics has a twelve month low of $21.11 and a twelve month high of $81.42. The firm's 50-day moving average price is $50.22 and its two-hundred day moving average price is $50.04. The stock has a market capitalization of $41.38 billion, a PE ratio of 82.19 and a beta of 2.00.
STMicroelectronics (NYSE:STM - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). STMicroelectronics had a return on equity of 4.71% and a net margin of 3.80%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.72 billion. As a group, analysts anticipate that STMicroelectronics will post 1.25 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of STM. REAP Financial Group LLC raised its stake in shares of STMicroelectronics by 171.4% in the 3rd quarter. REAP Financial Group LLC now owns 475 shares of the semiconductor producer's stock valued at $25,000 after acquiring an additional 300 shares during the period. Continuum Advisory LLC acquired a new position in shares of STMicroelectronics in the 2nd quarter worth approximately $34,000. Anchor Investment Management LLC purchased a new position in shares of STMicroelectronics during the 2nd quarter worth approximately $37,000. Public Employees Retirement System of Ohio purchased a new position in shares of STMicroelectronics during the 1st quarter worth approximately $45,000. Finally, MCF Advisors LLC purchased a new position in shares of STMicroelectronics during the 2nd quarter worth approximately $57,000. Institutional investors and hedge funds own 5.05% of the company's stock.
Key Stories Impacting STMicroelectronics
Here are the key news stories impacting STMicroelectronics this week:
About STMicroelectronics
(
Get Free Report)
STMicroelectronics N.V. NYSE: STM is a global semiconductor company that designs, develops, manufactures and markets a broad range of integrated circuits and other semiconductor products. Its offerings support applications in automotive, industrial, personal electronics, communications equipment and computer systems.
The company's product portfolio includes microcontrollers, analog and power semiconductors, sensors, microelectromechanical systems (MEMS), connectivity products and automotive chips.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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