STMicroelectronics (STM) – Investment Analysts’ Recent Ratings Changes

STMicroelectronics (NYSE: STM) recently received a number of ratings updates from brokerages and research firms:

  • 5/17/2019 – STMicroelectronics was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems. “
  • 5/15/2019 – STMicroelectronics was upgraded by analysts at Kepler Capital Markets from a “hold” rating to a “buy” rating.
  • 5/10/2019 – STMicroelectronics had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $20.00 price target on the stock.
  • 5/10/2019 – STMicroelectronics had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $19.00 price target on the stock.
  • 4/27/2019 – STMicroelectronics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $21.00 price target on the stock. According to Zacks, “STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems. “
  • 4/25/2019 – STMicroelectronics had its “hold” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $14.50 price target on the stock.
  • 4/24/2019 – STMicroelectronics had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $22.00 price target on the stock, up previously from $20.00.
  • 4/15/2019 – STMicroelectronics had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $18.00 price target on the stock.
  • 4/10/2019 – STMicroelectronics had its “hold” rating reaffirmed by analysts at UBS Group AG. They now have a $14.00 price target on the stock.
  • 4/2/2019 – STMicroelectronics was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 3/27/2019 – STMicroelectronics was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 3/27/2019 – STMicroelectronics was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems. “

NYSE STM traded down $0.24 on Friday, hitting $17.17. 339,343 shares of the company’s stock were exchanged, compared to its average volume of 4,117,417. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.91 and a quick ratio of 2.06. STMicroelectronics NV has a 52 week low of $12.00 and a 52 week high of $26.43. The stock has a market capitalization of $15.56 billion, a PE ratio of 12.01, a PEG ratio of 3.18 and a beta of 1.16.

STMicroelectronics (NYSE:STM) last released its earnings results on Wednesday, April 24th. The semiconductor producer reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). STMicroelectronics had a return on equity of 19.85% and a net margin of 12.89%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, sell-side analysts expect that STMicroelectronics NV will post 1.09 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. Comerica Bank increased its holdings in shares of STMicroelectronics by 1.2% during the fourth quarter. Comerica Bank now owns 53,164 shares of the semiconductor producer’s stock worth $837,000 after buying an additional 622 shares in the last quarter. Moody National Bank Trust Division increased its holdings in shares of STMicroelectronics by 2.4% during the first quarter. Moody National Bank Trust Division now owns 35,979 shares of the semiconductor producer’s stock worth $534,000 after buying an additional 829 shares in the last quarter. Mckinley Capital Management LLC Delaware increased its holdings in shares of STMicroelectronics by 2.5% during the fourth quarter. Mckinley Capital Management LLC Delaware now owns 44,419 shares of the semiconductor producer’s stock worth $617,000 after buying an additional 1,093 shares in the last quarter. Assetmark Inc. increased its holdings in shares of STMicroelectronics by 17.3% during the first quarter. Assetmark Inc. now owns 7,449 shares of the semiconductor producer’s stock worth $111,000 after buying an additional 1,099 shares in the last quarter. Finally, Penserra Capital Management LLC increased its holdings in shares of STMicroelectronics by 50.0% during the first quarter. Penserra Capital Management LLC now owns 3,327 shares of the semiconductor producer’s stock worth $49,000 after buying an additional 1,109 shares in the last quarter. Institutional investors own 3.95% of the company’s stock.

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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