STMicroelectronics (NYSE:STM - Get Free Report)'s stock had its "hold" rating reiterated by Craig Hallum in a research report issued on Thursday, MarketBeat.com reports. They currently have a $28.00 price target on the semiconductor producer's stock. Craig Hallum's target price suggests a potential upside of 6.57% from the stock's previous close.
Several other brokerages have also recently issued reports on STM. Baird R W upgraded STMicroelectronics from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Susquehanna upped their target price on STMicroelectronics from $30.00 to $40.00 and gave the stock a "positive" rating in a research note on Tuesday. TD Cowen increased their price target on STMicroelectronics from $23.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, June 13th. Dbs Bank cut STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 28th. Finally, Robert W. Baird upgraded STMicroelectronics from a "neutral" rating to an "outperform" rating and increased their price target for the company from $23.00 to $50.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $33.67.
Check Out Our Latest Research Report on STM
STMicroelectronics Stock Performance
Shares of NYSE:STM traded down $5.50 during trading on Thursday, reaching $26.28. 12,222,952 shares of the stock were exchanged, compared to its average volume of 7,583,076. STMicroelectronics has a 12 month low of $17.25 and a 12 month high of $35.41. The firm has a market cap of $23.60 billion, a PE ratio of 22.27, a PEG ratio of 1.96 and a beta of 1.60. The stock has a 50-day moving average price of $29.07 and a 200-day moving average price of $25.45. The company has a current ratio of 3.05, a quick ratio of 2.24 and a debt-to-equity ratio of 0.11.
STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The company had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.55 billion. STMicroelectronics had a return on equity of 6.28% and a net margin of 8.94%. Research analysts expect that STMicroelectronics will post 0.85 EPS for the current fiscal year.
Hedge Funds Weigh In On STMicroelectronics
A number of hedge funds and other institutional investors have recently modified their holdings of STM. Farther Finance Advisors LLC raised its holdings in shares of STMicroelectronics by 139.6% in the 1st quarter. Farther Finance Advisors LLC now owns 1,862 shares of the semiconductor producer's stock worth $41,000 after purchasing an additional 1,085 shares during the period. Smartleaf Asset Management LLC raised its holdings in STMicroelectronics by 63.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,167 shares of the semiconductor producer's stock valued at $48,000 after acquiring an additional 838 shares during the period. GAMMA Investing LLC raised its holdings in STMicroelectronics by 184.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,848 shares of the semiconductor producer's stock valued at $87,000 after acquiring an additional 1,847 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in STMicroelectronics by 396.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,197 shares of the semiconductor producer's stock valued at $70,000 after acquiring an additional 2,553 shares during the period. Finally, SBI Securities Co. Ltd. raised its holdings in STMicroelectronics by 57.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 3,322 shares of the semiconductor producer's stock valued at $73,000 after acquiring an additional 1,209 shares during the period. Hedge funds and other institutional investors own 5.05% of the company's stock.
About STMicroelectronics
(
Get Free Report)
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.
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