STMicroelectronics (NYSE:STM) Stock Rating Upgraded by Robert W. Baird

STMicroelectronics (NYSE:STM - Get Free Report) was upgraded by stock analysts at Robert W. Baird from a "neutral" rating to an "outperform" rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm currently has a $50.00 target price on the semiconductor producer's stock. Robert W. Baird's target price points to a potential upside of 52.37% from the stock's previous close.

Other research analysts have also issued reports about the stock. TD Cowen lifted their price objective on shares of STMicroelectronics from $23.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, June 13th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of STMicroelectronics in a research note on Friday, April 25th. Oddo Bhf upgraded shares of STMicroelectronics to an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Dbs Bank lowered shares of STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $33.00.

STMicroelectronics Price Performance

STMicroelectronics stock opened at $32.81 on Tuesday. STMicroelectronics has a 52 week low of $17.25 and a 52 week high of $42.12. The company's 50 day moving average price is $28.77 and its two-hundred day moving average price is $25.34. The company has a quick ratio of 2.24, a current ratio of 3.05 and a debt-to-equity ratio of 0.11. The stock has a market cap of $29.47 billion, a P/E ratio of 27.81, a P/E/G ratio of 1.91 and a beta of 1.60.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings results 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. STMicroelectronics had a net margin of 8.94% and a return on equity of 6.28%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. On average, equities analysts predict that STMicroelectronics will post 0.85 earnings per share for the current year.

Institutional Trading of STMicroelectronics

Several hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its stake in STMicroelectronics by 148.4% in the first quarter. Acadian Asset Management LLC now owns 5,650,244 shares of the semiconductor producer's stock worth $124,055,000 after purchasing an additional 3,375,428 shares during the last quarter. Invesco Ltd. raised its stake in shares of STMicroelectronics by 188.1% during the first quarter. Invesco Ltd. now owns 5,093,785 shares of the semiconductor producer's stock valued at $111,860,000 after acquiring an additional 3,325,998 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of STMicroelectronics by 19.4% during the fourth quarter. Two Sigma Investments LP now owns 4,475,384 shares of the semiconductor producer's stock valued at $111,750,000 after acquiring an additional 725,684 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of STMicroelectronics by 131.5% during the fourth quarter. JPMorgan Chase & Co. now owns 3,413,356 shares of the semiconductor producer's stock valued at $85,232,000 after acquiring an additional 1,939,088 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its stake in shares of STMicroelectronics by 39.2% during the fourth quarter. Voloridge Investment Management LLC now owns 3,330,616 shares of the semiconductor producer's stock valued at $83,165,000 after acquiring an additional 938,097 shares during the last quarter. 5.05% of the stock is owned by 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.

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