STMicroelectronics (NYSE:STM) Given “Buy” Rating at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of STMicroelectronics (NYSE:STM – Free Report) in a report issued on Monday morning.

A number of other research firms have also commented on STM. The Goldman Sachs Group reduced their target price on STMicroelectronics from $67.50 to $60.50 and set a “neutral” rating for the company in a report on Monday, July 27th. Wall Street Zen lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of STMicroelectronics in a report on Friday, August 21st. Zacks Research downgraded STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Finally, Citigroup reiterated a “buy” rating on shares of STMicroelectronics in a research report on Wednesday, September 2nd. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.06.

Read Our Latest Analysis on STM

STMicroelectronics Price Performance

NYSE STM traded down $2.57 during trading on Monday, hitting $45.97. 9,717,197 shares of the stock traded hands, compared to its average volume of 10,158,066. The company has a quick ratio of 2.30, a current ratio of 3.13 and a debt-to-equity ratio of 0.16. STMicroelectronics has a 12-month low of $21.11 and a 12-month high of $81.42. The company has a market capitalization of $41.29 billion, a P/E ratio of 82.23 and a beta of 2.00. The firm has a 50-day simple moving average of $50.22 and a 200-day simple moving average of $50.04.

STMicroelectronics (NYSE:STM – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.72 billion. STMicroelectronics had a net margin of 3.80% and a return on equity of 4.71%. As a group, analysts predict that STMicroelectronics will post 1.25 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in STM. Situational Awareness LP purchased a new stake in shares of STMicroelectronics during the 2nd quarter valued at $584,344,000. Annex Advisory Services LLC acquired a new position in STMicroelectronics in the 3rd quarter worth $38,877,000. The Manufacturers Life Insurance Company purchased a new position in shares of STMicroelectronics during the 1st quarter valued at approximately $19,132,000. Beaconlight Capital LLC acquired a new stake in STMicroelectronics in the first quarter valued at $13,284,000. Finally, Generate Investment Management Ltd acquired a new stake in STMicroelectronics during the third quarter valued at approximately $15,857,000. 5.05% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting STMicroelectronics

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About STMicroelectronics

(Get Free Report)

STMicroelectronics N.V. (NYSE: STM) is a global semiconductor company that designs, develops, manufactures and markets a broad range of integrated circuits and other semiconductor products. Its offerings support applications in automotive, industrial, personal electronics, communications equipment and computer systems.

The company’s product portfolio includes microcontrollers, analog and power semiconductors, sensors, microelectromechanical systems (MEMS), connectivity products and automotive chips.

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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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