Analysts Set STMicroelectronics (NYSE:STM) PT at $31.26

STMicroelectronics (NYSE:STM - Get Free Report) has earned a consensus rating of "Hold" from the fourteen brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $30.97.

Several research firms have recently issued reports on STM. Sanford C. Bernstein downgraded shares of STMicroelectronics from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $33.00 to $26.00 in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of STMicroelectronics in a research report on Friday. Jefferies Financial Group upgraded shares of STMicroelectronics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Bank of America lowered STMicroelectronics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. Finally, Barclays cut STMicroelectronics from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 22nd.

STMicroelectronics Price Performance

Shares of NYSE STM traded down $0.05 during mid-day trading on Tuesday, reaching $23.29. The company had a trading volume of 6,484,761 shares, compared to its average volume of 5,492,828. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. The firm has a market cap of $20.92 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 1.16 and a beta of 1.56. The business's 50-day simple moving average is $23.08 and its 200 day simple moving average is $24.71. STMicroelectronics has a one year low of $17.25 and a one year high of $45.39.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.55 billion. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. On average, research analysts predict that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On STMicroelectronics

A number of hedge funds and other institutional investors have recently bought and sold shares of STM. GAMMA Investing LLC increased its position in shares of STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock valued at $30,000 after purchasing an additional 531 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of STMicroelectronics in the fourth quarter worth about $31,000. Smartleaf Asset Management LLC increased its stake in shares of STMicroelectronics by 225.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock valued at $33,000 after buying an additional 921 shares during the period. Rakuten Securities Inc. increased its position in STMicroelectronics by 197.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock valued at $44,000 after purchasing an additional 1,180 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in STMicroelectronics by 139.6% in the first quarter. Farther Finance Advisors LLC now owns 1,862 shares of the semiconductor producer's stock worth $41,000 after buying an additional 1,085 shares during the period. Hedge funds and other institutional investors own 5.05% of the company's stock.

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.