STMicroelectronics (STM) – Analysts’ Weekly Ratings Changes

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Several brokerages have updated their recommendations and price targets on shares of STMicroelectronics (NYSE: STM) in the last few weeks:

  • 11/12/2019 – STMicroelectronics had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $23.90 price target on the stock.
  • 10/30/2019 – STMicroelectronics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $26.00 price target on the stock. According to Zacks, “STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems. “
  • 10/26/2019 – STMicroelectronics was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems. “
  • 10/25/2019 – STMicroelectronics had its price target raised by analysts at Cowen Inc from $23.00 to $26.00. They now have an “outperform” rating on the stock.
  • 10/25/2019 – STMicroelectronics had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $21.50 price target on the stock.
  • 10/25/2019 – STMicroelectronics had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $25.00 price target on the stock.
  • 10/24/2019 – STMicroelectronics had its “neutral” rating reaffirmed by analysts at UBS Group AG. They now have a $16.50 price target on the stock.
  • 10/24/2019 – STMicroelectronics had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $21.50 price target on the stock.
  • 10/24/2019 – STMicroelectronics had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $20.00 price target on the stock.
  • 10/24/2019 – STMicroelectronics had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $20.00 price target on the stock.
  • 9/20/2019 – STMicroelectronics was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems. “

STM remained flat at $$24.03 during trading on Thursday. The company had a trading volume of 1,438,268 shares, compared to its average volume of 2,906,480. The company has a market capitalization of $21.53 billion, a PE ratio of 16.80, a P/E/G ratio of 4.39 and a beta of 1.42. The business’s 50 day moving average is $21.36 and its 200 day moving average is $18.50. STMicroelectronics NV has a 12 month low of $12.00 and a 12 month high of $24.32. The company has a current ratio of 2.87, a quick ratio of 2.04 and a debt-to-equity ratio of 0.30.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Thursday, October 24th. The semiconductor producer reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.48 billion. STMicroelectronics had a return on equity of 16.11% and a net margin of 11.20%. STMicroelectronics’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share. On average, equities research analysts expect that STMicroelectronics NV will post 1.08 earnings per share for the current fiscal year.

In other news, insider Ascough Graham 4,000,000 shares of STMicroelectronics stock in a transaction dated Thursday, October 31st.

Several large investors have recently added to or reduced their stakes in STM. Allianz Asset Management GmbH grew its stake in STMicroelectronics by 11.9% in the second quarter. Allianz Asset Management GmbH now owns 249,755 shares of the semiconductor producer’s stock valued at $4,401,000 after purchasing an additional 26,520 shares during the last quarter. BSW Wealth Partners purchased a new stake in shares of STMicroelectronics during the second quarter worth about $87,000. LPL Financial LLC grew its stake in shares of STMicroelectronics by 9.3% during the second quarter. LPL Financial LLC now owns 77,818 shares of the semiconductor producer’s stock worth $1,371,000 after acquiring an additional 6,649 shares during the last quarter. Breakline Capital LLC purchased a new stake in shares of STMicroelectronics during the second quarter worth about $4,405,000. Finally, Morgan Stanley grew its stake in shares of STMicroelectronics by 28.1% during the second quarter. Morgan Stanley now owns 3,683,389 shares of the semiconductor producer’s stock worth $64,901,000 after acquiring an additional 808,642 shares during the last quarter. Institutional investors and hedge funds own 3.36% of the company’s stock.

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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