STMicroelectronics’ (STM) Positive Rating Reiterated at Susquehanna

Susquehanna reissued their positive rating on shares of STMicroelectronics (NYSE:STM) in a research report report published on Thursday,Benzinga reports. The firm currently has a $33.00 price target on the semiconductor producer’s stock.

STM has been the topic of several other reports. Craig Hallum cut their target price on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. TD Cowen dropped their price target on STMicroelectronics from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Sanford C. Bernstein reduced their price objective on shares of STMicroelectronics from $54.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Morgan Stanley lowered shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 4th. Finally, Citigroup raised shares of STMicroelectronics to a “strong-buy” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.63.

STMicroelectronics Price Performance

Shares of STMicroelectronics stock opened at $24.48 on Thursday. The stock has a market capitalization of $22.12 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 2.98 and a beta of 1.57. STMicroelectronics has a one year low of $23.95 and a one year high of $51.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.16. The business’s 50 day simple moving average is $27.46 and its two-hundred day simple moving average is $33.84.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.27 billion. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. The firm’s revenue was down 26.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.16 EPS. Analysts forecast that STMicroelectronics will post 1.64 EPS for the current year.

Institutional Trading of STMicroelectronics

A number of hedge funds have recently made changes to their positions in STM. Van ECK Associates Corp grew its position in STMicroelectronics by 26.5% during the 3rd quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer’s stock valued at $228,655,000 after purchasing an additional 1,719,257 shares during the last quarter. Capital International Investors grew its holdings in shares of STMicroelectronics by 2.4% during the first quarter. Capital International Investors now owns 3,132,920 shares of the semiconductor producer’s stock valued at $135,467,000 after buying an additional 74,519 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in STMicroelectronics by 177.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,311,888 shares of the semiconductor producer’s stock worth $90,806,000 after acquiring an additional 1,478,213 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in STMicroelectronics by 0.5% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,564,232 shares of the semiconductor producer’s stock valued at $61,443,000 after acquiring an additional 7,732 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in STMicroelectronics by 674.2% in the 3rd quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock valued at $41,524,000 after acquiring an additional 1,216,300 shares in the last quarter. 5.05% of the stock is owned by institutional investors.

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.