William Blair Reiterates Market Perform Rating for STMicroelectronics (NYSE:STM)

STMicroelectronics (NYSE:STM - Get Free Report)'s stock had its "market perform" rating reissued by investment analysts at William Blair in a report released on Friday, RTT News reports.

A number of other brokerages have also commented on STM. HSBC began coverage on STMicroelectronics in a research report on Thursday, February 22nd. They issued a "buy" rating on the stock. Craig Hallum decreased their price objective on STMicroelectronics from $50.00 to $48.00 and set a "buy" rating on the stock in a research report on Thursday, January 25th. StockNews.com lowered STMicroelectronics from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 31st. Berenberg Bank upgraded STMicroelectronics from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, Susquehanna reiterated a "positive" rating and issued a $55.00 price objective on shares of STMicroelectronics in a research report on Monday, April 8th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, STMicroelectronics currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.75.

STMicroelectronics Stock Performance

STMicroelectronics stock traded down $1.27 during trading hours on Friday, hitting $41.34. The stock had a trading volume of 3,775,997 shares, compared to its average volume of 3,651,137. STMicroelectronics has a fifty-two week low of $37.21 and a fifty-two week high of $55.85. The company has a quick ratio of 2.44, a current ratio of 3.17 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $43.75 and a two-hundred day moving average of $44.56. The company has a market cap of $37.32 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 2.82 and a beta of 1.69.

STMicroelectronics (NYSE:STM - Get Free Report) last issued 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 company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the company posted $1.10 earnings per share. The company's quarterly revenue was down 18.4% on a year-over-year basis. On average, equities research analysts anticipate that STMicroelectronics will post 2.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in STM. Blue Trust Inc. lifted its holdings in STMicroelectronics by 11.2% during the fourth quarter. Blue Trust Inc. now owns 2,701 shares of the semiconductor producer's stock worth $135,000 after acquiring an additional 272 shares in the last quarter. SG Americas Securities LLC bought a new position in STMicroelectronics during the fourth quarter worth about $2,141,000. FMR LLC raised its stake in shares of STMicroelectronics by 27.9% in the 3rd quarter. FMR LLC now owns 589,282 shares of the semiconductor producer's stock valued at $25,433,000 after purchasing an additional 128,707 shares during the period. Modera Wealth Management LLC raised its stake in shares of STMicroelectronics by 5.7% in the 3rd quarter. Modera Wealth Management LLC now owns 110,423 shares of the semiconductor producer's stock valued at $4,766,000 after purchasing an additional 5,957 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of STMicroelectronics by 8.7% in the 3rd quarter. American Century Companies Inc. now owns 431,652 shares of the semiconductor producer's stock valued at $18,630,000 after purchasing an additional 34,443 shares during the period. 5.05% of the stock is currently owned by institutional investors.

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.