STMicroelectronics (NYSE:STM) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Monday.
A number of other equities research analysts have also issued reports on the stock. Vetr lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating and set a $25.44 target price on the stock. in a research note on Monday, March 19th. Zacks Investment Research lowered shares of STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Kepler Capital Markets upgraded shares of STMicroelectronics from a “reduce” rating to a “hold” rating in a research note on Friday, January 26th. Craig Hallum restated a “buy” rating and issued a $30.00 target price (up previously from $26.00) on shares of STMicroelectronics in a research note on Thursday, January 25th. Finally, Societe Generale began coverage on shares of STMicroelectronics in a research note on Wednesday, January 17th. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $23.39.
Shares of STMicroelectronics stock traded down $0.82 during trading on Monday, reaching $21.47. The company had a trading volume of 2,802,545 shares, compared to its average volume of 3,904,515. The firm has a market cap of $19,984.99, a PE ratio of 21.91, a price-to-earnings-growth ratio of 3.34 and a beta of 0.80. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.86 and a current ratio of 2.52. STMicroelectronics has a fifty-two week low of $14.07 and a fifty-two week high of $25.30.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Moors & Cabot Inc. acquired a new stake in STMicroelectronics during the third quarter worth about $197,000. Sand Hill Global Advisors LLC acquired a new stake in STMicroelectronics during the fourth quarter worth about $204,000. Dean Capital Investments Management LLC acquired a new stake in STMicroelectronics during the fourth quarter worth about $206,000. Dixon Hubard Feinour & Brown Inc. VA acquired a new stake in STMicroelectronics during the fourth quarter worth about $207,000. Finally, Elkfork Partners LLC acquired a new stake in STMicroelectronics during the fourth quarter worth about $237,000. Hedge funds and other institutional investors own 4.72% of the company’s stock.
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STMicroelectronics Company Profile
STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.
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