Weiss Ratings Reaffirms Sell (D+) Rating for STMicroelectronics (NYSE:STM)

Key Points

• Weiss Ratings has reaffirmed a "sell (D+)" rating for STMicroelectronics, reflecting ongoing concerns about the stock's performance.
• Despite the negative outlook from Weiss, other firms have a mixed view, with one upgrading STMicroelectronics to a "strong-buy" and others maintaining or lowering target prices.
• STMicroelectronics reported $0.29 earnings per share for the last quarter, surpassing the expected $0.22, indicating potential resilience in financial performance despite its stock challenges.

STMicroelectronics (NYSE:STM - Get Free Report)'s stock had its "sell (d+)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

A number of other research firms also recently commented on STM. Cowen reissued a "hold" rating on shares of STMicroelectronics in a report on Friday. Baird R W raised shares of STMicroelectronics from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 22nd. Susquehanna boosted their price objective on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a "positive" rating in a report on Wednesday. The Goldman Sachs Group set a $26.50 price objective on shares of STMicroelectronics and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, TD Cowen decreased their price objective on shares of STMicroelectronics from $27.00 to $25.00 and set a "hold" rating on the stock in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $31.19.

STMicroelectronics Trading Down 1.5%

Shares of STMicroelectronics stock opened at $24.89 on Friday. The company has a market capitalization of $22.35 billion, a P/E ratio of 42.91, a PEG ratio of 5.20 and a beta of 1.66. The company's fifty day moving average is $27.58 and its two-hundred day moving average is $26.85. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.96 and a current ratio of 2.74. STMicroelectronics has a 1 year low of $17.25 and a 1 year high of $33.47.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its earnings results on Thursday, October 23rd. The semiconductor producer reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.07. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.18 billion. STMicroelectronics had a net margin of 4.55% and a return on equity of 4.07%. STMicroelectronics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current year.

Hedge Funds Weigh In On STMicroelectronics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legacy Wealth Asset Management LLC raised its position in shares of STMicroelectronics by 2.6% in the third quarter. Legacy Wealth Asset Management LLC now owns 18,500 shares of the semiconductor producer's stock valued at $523,000 after buying an additional 475 shares during the last quarter. CWM LLC raised its position in shares of STMicroelectronics by 27.5% in the second quarter. CWM LLC now owns 2,680 shares of the semiconductor producer's stock valued at $82,000 after buying an additional 578 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of STMicroelectronics by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 12,930 shares of the semiconductor producer's stock valued at $284,000 after buying an additional 650 shares during the last quarter. Signaturefd LLC raised its position in shares of STMicroelectronics by 3.4% in the third quarter. Signaturefd LLC now owns 20,598 shares of the semiconductor producer's stock valued at $582,000 after buying an additional 677 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its position in shares of STMicroelectronics by 5.6% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 13,041 shares of the semiconductor producer's stock valued at $397,000 after buying an additional 697 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company's stock.

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.

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