STMicroelectronics (STM) Downgraded by ValuEngine to “Hold”

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.

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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.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, January 25th. The semiconductor producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.36 billion. STMicroelectronics had a net margin of 9.62% and a return on equity of 17.55%. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 EPS. equities analysts predict that STMicroelectronics will post 1.34 earnings per share for the current year.

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.

Analyst Recommendations for STMicroelectronics (NYSE:STM)

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