STMicroelectronics (NYSE:STM - Get Free Report) had its price target raised by investment analysts at TD Cowen from $18.00 to $23.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a "hold" rating on the semiconductor producer's stock. TD Cowen's target price indicates a potential upside of 2.72% from the stock's previous close.
Several other equities analysts also recently issued reports on the company. Bank of America downgraded STMicroelectronics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. Sanford C. Bernstein downgraded STMicroelectronics from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $33.00 to $26.00 in a research report on Wednesday, February 5th. Morgan Stanley upgraded STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research report on Thursday, February 13th. Jefferies Financial Group upgraded STMicroelectronics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, Barclays downgraded STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, STMicroelectronics currently has a consensus rating of "Hold" and an average target price of $30.97.
Read Our Latest Stock Analysis on STMicroelectronics
STMicroelectronics Price Performance
Shares of STMicroelectronics stock traded down $0.59 during midday trading on Friday, hitting $22.39. 2,434,167 shares of the company were exchanged, compared to its average volume of 5,499,454. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. The firm has a market cap of $20.11 billion, a P/E ratio of 13.49, a PEG ratio of 1.16 and a beta of 1.56. STMicroelectronics has a 52 week low of $17.25 and a 52 week high of $45.39. The firm has a 50 day simple moving average of $22.90 and a 200-day simple moving average of $24.62.
STMicroelectronics (NYSE:STM - Get Free Report) last posted its earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. Research analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current year.
Institutional Trading of STMicroelectronics
Several hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG raised its holdings in STMicroelectronics by 14.5% during the 4th quarter. Deutsche Bank AG now owns 3,682 shares of the semiconductor producer's stock worth $92,000 after buying an additional 466 shares during the period. GAMMA Investing LLC raised its holdings in STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock worth $30,000 after buying an additional 531 shares during the period. PNC Financial Services Group Inc. raised its holdings in STMicroelectronics by 4.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,280 shares of the semiconductor producer's stock worth $307,000 after buying an additional 539 shares during the period. Russell Investments Group Ltd. raised its holdings in STMicroelectronics by 16.0% during the 4th quarter. Russell Investments Group Ltd. now owns 5,069 shares of the semiconductor producer's stock worth $127,000 after buying an additional 700 shares during the period. Finally, Crossmark Global Holdings Inc. raised its holdings in STMicroelectronics by 1.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 65,561 shares of the semiconductor producer's stock worth $1,637,000 after buying an additional 749 shares during the period. 5.05% of the stock is currently owned by institutional investors and hedge funds.
STMicroelectronics Company Profile
(
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.
Further Reading
Before you consider STMicroelectronics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and STMicroelectronics wasn't on the list.
While STMicroelectronics currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
