ValuEngine upgraded shares of STMicroelectronics (NYSE:STM) from a strong sell rating to a sell rating in a research note published on Monday morning.

Several other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of STMicroelectronics from a buy rating to a hold rating in a research report on Saturday, September 15th. Bank of America raised shares of STMicroelectronics from an underperform rating to a neutral rating in a research report on Thursday, September 13th. Finally, Craig Hallum reduced their price target on shares of STMicroelectronics from $30.00 to $28.00 and set a buy rating for the company in a research report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. STMicroelectronics presently has a consensus rating of Hold and an average target price of $26.15.

Shares of STM stock opened at $19.04 on Monday. The company has a market cap of $16.87 billion, a PE ratio of 19.43, a P/E/G ratio of 2.74 and a beta of 0.76. STMicroelectronics has a 52 week low of $17.43 and a 52 week high of $26.43. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.36 and a quick ratio of 1.65.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Wednesday, July 25th. The semiconductor producer reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). STMicroelectronics had a return on equity of 20.69% and a net margin of 11.48%. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the business earned $0.17 EPS. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. sell-side analysts expect that STMicroelectronics will post 1.38 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of STM. Summit Trail Advisors LLC grew its position in STMicroelectronics by 2,312.8% in the 1st quarter. Summit Trail Advisors LLC now owns 109,277 shares of the semiconductor producer’s stock valued at $109,000 after purchasing an additional 104,748 shares during the period. Financial Gravity Wealth Inc. acquired a new stake in STMicroelectronics in the 1st quarter valued at $113,000. Centaurus Financial Inc. acquired a new stake in STMicroelectronics in the 2nd quarter valued at $125,000. SevenBridge Financial Group LLC acquired a new stake in STMicroelectronics in the 1st quarter valued at $139,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in STMicroelectronics in the 1st quarter valued at $198,000. 4.22% of the stock is owned by institutional investors and hedge funds.

STMicroelectronics Company Profile

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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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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