Shares of STMicroelectronics NV (NYSE:STM) have been given a consensus rating of "Buy" by the seventeen brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $33.20.
Several analysts recently weighed in on the stock. Cowen lifted their price objective on shares of STMicroelectronics from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Tuesday, July 14th. Zacks Investment Research downgraded STMicroelectronics from a "buy" rating to a "hold" rating in a research report on Thursday, August 27th. Canaccord Genuity raised their target price on STMicroelectronics from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Morgan Stanley reiterated an "overweight" rating on shares of STMicroelectronics in a research report on Tuesday, July 28th. Finally, Deutsche Bank reissued a "buy" rating on shares of STMicroelectronics in a research note on Friday, July 24th.
Shares of STMicroelectronics stock traded down $0.57 on Friday, reaching $30.54. 2,343,260 shares of the company were exchanged, compared to its average volume of 2,652,383. The firm has a market cap of $27.83 billion, a price-to-earnings ratio of 28.28, a P/E/G ratio of 7.02 and a beta of 1.41. STMicroelectronics has a 1-year low of $14.67 and a 1-year high of $31.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 2.09. The company's 50-day moving average is $29.31 and its two-hundred day moving average is $26.06.
STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Thursday, July 23rd. The semiconductor producer reported $0.10 EPS for the quarter, topping the Zacks' consensus estimate of $0.08 by $0.02. STMicroelectronics had a return on equity of 13.98% and a net margin of 10.14%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the business earned $0.18 EPS. The firm's revenue was down 4.0% on a year-over-year basis. As a group, sell-side analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in STMicroelectronics by 114.6% during the first quarter. Victory Capital Management Inc. now owns 2,282,388 shares of the semiconductor producer's stock worth $48,775,000 after acquiring an additional 1,218,858 shares during the period. Van ECK Associates Corp raised its holdings in shares of STMicroelectronics by 63.2% in the 1st quarter. Van ECK Associates Corp now owns 2,065,981 shares of the semiconductor producer's stock worth $44,150,000 after purchasing an additional 799,832 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in STMicroelectronics by 16.0% during the second quarter. Bank of New York Mellon Corp now owns 878,213 shares of the semiconductor producer's stock valued at $24,072,000 after purchasing an additional 120,821 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in STMicroelectronics by 23.3% during the second quarter. Thrivent Financial for Lutherans now owns 667,078 shares of the semiconductor producer's stock valued at $18,284,000 after purchasing an additional 125,886 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in STMicroelectronics during the first quarter worth approximately $7,630,000. Institutional investors and hedge funds own 3.22% of the company's stock.
STMicroelectronics Company Profile
STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.
Further Reading: Stock Market - What is a circuit breaker?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
20 "Past Their Prime" Stocks to Dump From Your Portfolio
Did you know the S&P 500 as we know it today does not look anything close to what it looked like 30 years ago? In 1987, IBM, Exxon, GE, Shell, AT&T, Merck, Du Pont, Philip Morris, Ford and GM had the largest market caps on the S&P 500. ExxonMobil is the only company on that list to remain in the top 10 in 2017. Even just 15 years ago, companies like Radio Shack, AOL, Yahoo and Blockbuster were an important part of the S&P 500. Now, these companies no longer exist as public companies.
As the years go by, some companies lose their luster and others rise to the top of the markets. We've already seen this in the last few decades with tech companies surpassing industrial and energy companies that once dominated the S&P 500. It's hard to know what the next mega trend will be that will knock Apple, Google and Amazon off the top rankings of the S&P 500, but we do know that companies won't stay on the S&P 500 forever.
We've identified 20 companies that are past their prime. They aren't at risk of a near-term delisting from the S&P 500, but they are showing negative earnings growth for the next several years. If you own any of these stocks, consider selling them now before they become the next Yahoo, Radio Shack, Blockbuster, AOL and are sold off for a fraction of their former value.
View the "20 "Past Their Prime" Stocks to Dump From Your Portfolio".