BNP Paribas Begins Coverage on STMicroelectronics (NYSE:STM)

Equities research analysts at BNP Paribas started coverage on shares of STMicroelectronics (NYSE:STM) in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $28.00 price target on the semiconductor producer’s stock. BNP Paribas’ price objective indicates a potential upside of 8.28% from the company’s previous close.

Other equities analysts have also issued reports about the stock. StockNews.com lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a report on Thursday, September 19th. Citigroup raised shares of STMicroelectronics to a “strong-buy” rating in a report on Thursday, October 10th. Craig Hallum decreased their price target on shares of STMicroelectronics from $42.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Susquehanna reaffirmed a “positive” rating and set a $33.00 price target on shares of STMicroelectronics in a report on Thursday, November 21st. Finally, Robert W. Baird decreased their price target on shares of STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $36.26.

STMicroelectronics Price Performance

STM stock opened at $25.86 on Tuesday. The company has a quick ratio of 2.16, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. STMicroelectronics has a 12 month low of $23.95 and a 12 month high of $51.27. The firm has a market cap of $23.36 billion, a P/E ratio of 10.60, a P/E/G ratio of 3.18 and a beta of 1.53. The company’s 50-day moving average price is $27.10 and its two-hundred day moving average price is $33.02.

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

Institutional Investors Weigh In On STMicroelectronics

A number of institutional investors have recently added to or reduced their stakes in STM. B. Riley Wealth Advisors Inc. bought a new stake in STMicroelectronics during the 1st quarter worth approximately $235,000. Tidal Investments LLC grew its holdings in STMicroelectronics by 12.4% during the 1st quarter. Tidal Investments LLC now owns 20,083 shares of the semiconductor producer’s stock worth $868,000 after acquiring an additional 2,214 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of STMicroelectronics by 340.9% in the 1st quarter. Cetera Investment Advisers now owns 45,285 shares of the semiconductor producer’s stock worth $1,958,000 after purchasing an additional 35,015 shares during the period. Cetera Advisors LLC lifted its position in shares of STMicroelectronics by 145.6% in the 1st quarter. Cetera Advisors LLC now owns 18,735 shares of the semiconductor producer’s stock worth $810,000 after purchasing an additional 11,106 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of STMicroelectronics by 5.3% in the 2nd quarter. SG Americas Securities LLC now owns 53,875 shares of the semiconductor producer’s stock worth $2,116,000 after purchasing an additional 2,693 shares during the period. 5.05% of the stock is owned by institutional investors.

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.