STMicroelectronics (NYSE:STM) Receives $31.26 Average Price Target from Analysts

STMicroelectronics (NYSE:STM) has been assigned a consensus rating of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $31.26.

Several research analysts have issued reports on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of STMicroelectronics in a report on Monday, December 9th. TD Cowen lowered STMicroelectronics from a “buy” rating to a “hold” rating and cut their price target for the company from $32.00 to $25.00 in a research note on Monday, January 13th. Jefferies Financial Group upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Sanford C. Bernstein cut STMicroelectronics from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $33.00 to $26.00 in a report on Wednesday, February 5th. Finally, Barclays lowered shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in STMicroelectronics by 13.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,323 shares of the semiconductor producer’s stock worth $258,000 after purchasing an additional 1,184 shares during the period. Mackenzie Financial Corp raised its stake in STMicroelectronics by 11.6% during the 4th quarter. Mackenzie Financial Corp now owns 292,924 shares of the semiconductor producer’s stock worth $7,314,000 after buying an additional 30,413 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in STMicroelectronics during the 4th quarter worth $3,108,000. GTS Securities LLC lifted its holdings in STMicroelectronics by 213.2% during the fourth quarter. GTS Securities LLC now owns 36,276 shares of the semiconductor producer’s stock worth $906,000 after acquiring an additional 68,320 shares in the last quarter. Finally, Vise Technologies Inc. grew its stake in STMicroelectronics by 17.6% in the fourth quarter. Vise Technologies Inc. now owns 15,156 shares of the semiconductor producer’s stock valued at $378,000 after acquiring an additional 2,263 shares during the period. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Price Performance

Shares of STM stock opened at $22.17 on Friday. STMicroelectronics has a 52 week low of $21.36 and a 52 week high of $45.39. The stock has a market capitalization of $19.91 billion, a PE ratio of 13.35, a PEG ratio of 1.16 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. The stock’s fifty day moving average is $24.56 and its 200-day moving average is $25.88.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. Equities research analysts expect that STMicroelectronics will post 0.85 EPS for the current fiscal year.

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.