STMicroelectronics (STM) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of STMicroelectronics (NYSE:STM) from a buy rating to a hold rating in a report published on Monday.

A number of other analysts have also recently commented on the company. Credit Suisse Group upgraded STMicroelectronics from a neutral rating to a buy rating in a research report on Thursday, January 11th. Vetr cut STMicroelectronics from a strong-buy rating to a buy rating and set a $27.76 price objective for the company. in a research report on Friday, January 19th. Craig Hallum restated a buy rating and issued a $30.00 price objective (up from $26.00) on shares of STMicroelectronics in a research report on Thursday, January 25th. Zacks Investment Research cut STMicroelectronics from a strong-buy rating to a hold rating in a research report on Wednesday, January 31st. Finally, Societe Generale started coverage on STMicroelectronics in a research report on Wednesday, January 17th. They issued a buy rating for the company. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. STMicroelectronics currently has a consensus rating of Buy and a consensus price target of $23.39.

Shares of STM stock opened at $21.21 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.52 and a quick ratio of 1.86. The company has a market cap of $19,079.44, a P/E ratio of 21.58, a P/E/G ratio of 3.18 and a beta of 0.80. STMicroelectronics has a twelve month low of $14.07 and a twelve month high of $25.30.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, January 25th. The semiconductor producer reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.06. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.36 billion. STMicroelectronics had a return on equity of 17.55% and a net margin of 9.62%. The business’s revenue was up 32.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 earnings per share. equities analysts predict that STMicroelectronics will post 1.34 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 27th. Investors of record on Tuesday, March 20th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, March 19th. STMicroelectronics’s payout ratio is 20.41%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in shares of STMicroelectronics by 31.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,788,440 shares of the semiconductor producer’s stock worth $60,949,000 after purchasing an additional 671,415 shares in the last quarter. Highbridge Capital Management LLC increased its position in shares of STMicroelectronics by 154.0% during the third quarter. Highbridge Capital Management LLC now owns 1,835,000 shares of the semiconductor producer’s stock worth $35,636,000 after purchasing an additional 1,112,500 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of STMicroelectronics by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 1,446,567 shares of the semiconductor producer’s stock worth $27,818,000 after purchasing an additional 144,894 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of STMicroelectronics by 4.4% during the fourth quarter. Two Sigma Advisers LP now owns 927,100 shares of the semiconductor producer’s stock worth $20,248,000 after purchasing an additional 39,400 shares in the last quarter. Finally, Garelick Capital Partners LP increased its position in shares of STMicroelectronics by 13.4% during the fourth quarter. Garelick Capital Partners LP now owns 855,447 shares of the semiconductor producer’s stock worth $18,683,000 after purchasing an additional 101,266 shares in the last quarter. Hedge funds and other institutional investors own 4.72% of the company’s stock.

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STMicroelectronics Company Profile

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.

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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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