STMicroelectronics NV (NYSE:STM) gapped down prior to trading on Thursday . The stock had previously closed at $19.22, but opened at $18.83. STMicroelectronics shares last traded at $18.52, with a volume of 5299100 shares traded.

Several brokerages have recently weighed in on STM. ValuEngine downgraded STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. Deutsche Bank raised STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research raised STMicroelectronics from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Wednesday, June 27th. Craig Hallum decreased their target price on STMicroelectronics from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, July 25th. Finally, Bank of America raised STMicroelectronics from an “underperform” rating to a “neutral” rating in a research report on Thursday, September 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.15.

The firm has a market cap of $17.13 billion, a P/E ratio of 18.93, a PEG ratio of 2.78 and a beta of 0.76. The company has a quick ratio of 1.65, a current ratio of 2.36 and a debt-to-equity ratio of 0.28.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Wednesday, July 25th. The semiconductor producer reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. STMicroelectronics had a net margin of 11.48% and a return on equity of 20.69%. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 EPS. analysts anticipate that STMicroelectronics NV will post 1.38 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. FNY Investment Advisers LLC purchased a new position in STMicroelectronics in the second quarter valued at about $718,000. Marshall Wace LLP bought a new position in STMicroelectronics during the 2nd quarter worth approximately $3,005,000. Royal Bank of Canada lifted its holdings in STMicroelectronics by 96.8% during the 1st quarter. Royal Bank of Canada now owns 80,477 shares of the semiconductor producer’s stock worth $1,794,000 after buying an additional 39,594 shares during the last quarter. Caption Management LLC bought a new position in STMicroelectronics during the 2nd quarter worth approximately $486,000. Finally, SG Americas Securities LLC lifted its holdings in STMicroelectronics by 149.3% during the 2nd quarter. SG Americas Securities LLC now owns 203,508 shares of the semiconductor producer’s stock worth $4,502,000 after buying an additional 121,860 shares during the last quarter. 4.22% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Company Profile (NYSE:STM)

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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