STMicroelectronics (NYSE:STM) Rating Increased to Buy at Jefferies Financial Group

STMicroelectronics (NYSE:STM) was upgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports.

Other equities research analysts also recently issued reports about the company. Robert W. Baird dropped their target price on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Sanford C. Bernstein downgraded STMicroelectronics from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $33.00 to $26.00 in a report on Wednesday, February 5th. BNP Paribas started coverage on STMicroelectronics in a report on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 target price on the stock. Bank of America downgraded STMicroelectronics from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. Finally, Susquehanna lowered their price target on STMicroelectronics from $33.00 to $28.00 and set a “positive” rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, STMicroelectronics has an average rating of “Hold” and a consensus target price of $31.26.

STMicroelectronics Trading Up 6.7 %

NYSE STM opened at $28.26 on Wednesday. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. STMicroelectronics has a twelve month low of $21.36 and a twelve month high of $49.05. The firm has a market capitalization of $25.53 billion, a PE ratio of 17.02, a P/E/G ratio of 1.04 and a beta of 1.51. The stock’s 50 day moving average is $24.67 and its 200 day moving average is $26.87.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. Research analysts forecast that STMicroelectronics will post 0.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Deutsche Bank AG increased its position in STMicroelectronics by 14.5% in the fourth quarter. Deutsche Bank AG now owns 3,682 shares of the semiconductor producer’s stock worth $92,000 after buying an additional 466 shares in the last quarter. Stifel Financial Corp grew its position in shares of STMicroelectronics by 0.7% during the third quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer’s stock worth $2,048,000 after purchasing an additional 493 shares in the last quarter. GAMMA Investing LLC grew its position in shares of STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock worth $30,000 after purchasing an additional 531 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of STMicroelectronics by 4.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,280 shares of the semiconductor producer’s stock worth $307,000 after purchasing an additional 539 shares in the last quarter. Finally, Moran Wealth Management LLC grew its position in shares of STMicroelectronics by 0.9% during the third quarter. Moran Wealth Management LLC now owns 68,573 shares of the semiconductor producer’s stock worth $2,039,000 after purchasing an additional 634 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

About STMicroelectronics

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.