STMicroelectronics (NYSE:STM) Downgraded to "Hold" Rating by Dbs Bank

Dbs Bank lowered shares of STMicroelectronics (NYSE:STM - Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Monday, April 28th,Zacks.com reports.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of STMicroelectronics in a research report on Friday, April 25th. Morgan Stanley raised STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research note on Thursday, February 13th. TD Cowen increased their target price on shares of STMicroelectronics from $18.00 to $23.00 and gave the stock a "hold" rating in a research report on Friday, April 25th. Barclays cut shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 22nd. Finally, Bank of America lowered shares of STMicroelectronics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, STMicroelectronics has an average rating of "Hold" and an average target price of $30.97.

STMicroelectronics Price Performance

Shares of NYSE:STM traded down $0.24 on Monday, hitting $22.73. The company had a trading volume of 1,428,724 shares, compared to its average volume of 5,539,029. STMicroelectronics has a 52-week low of $17.25 and a 52-week high of $45.39. The business has a 50 day moving average of $22.58 and a 200 day moving average of $24.47. The company has a market cap of $20.42 billion, a PE ratio of 13.70, a PEG ratio of 1.16 and a beta of 1.53. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.55 billion. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. As a group, equities analysts anticipate that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On STMicroelectronics

Several hedge funds and other institutional investors have recently bought and sold shares of STM. GAMMA Investing LLC raised its holdings in STMicroelectronics by 81.4% in the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock valued at $30,000 after acquiring an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of STMicroelectronics in the 4th quarter worth about $31,000. Smartleaf Asset Management LLC raised its stake in shares of STMicroelectronics by 225.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock valued at $33,000 after purchasing an additional 921 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of STMicroelectronics by 139.6% during the first 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 last quarter. Finally, Rakuten Securities Inc. grew its stake in STMicroelectronics by 197.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock worth $44,000 after purchasing an additional 1,180 shares in the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

About STMicroelectronics

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.