STMicroelectronics N.V. (NYSE:STM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

STMicroelectronics N.V. (NYSE:STM) has been assigned an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $76.17.

STM has been the topic of several analyst reports. Wall Street Zen lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Saturday, September 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of STMicroelectronics in a research report on Thursday, June 11th. Craig Hallum restated a “buy” rating and set a $70.00 price target on shares of STMicroelectronics in a report on Thursday, July 23rd. Susquehanna increased their price target on STMicroelectronics from $60.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, July 21st. Finally, Barclays set a $60.00 price objective on STMicroelectronics in a research report on Friday, July 24th.

STMicroelectronics Price Performance

Shares of NYSE STM opened at $57.68 on Tuesday. The stock has a market capitalization of $51.81 billion, a price-to-earnings ratio of 113.10 and a beta of 1.96. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 0.16. STMicroelectronics has a 52 week low of $21.11 and a 52 week high of $81.42. The firm has a 50-day simple moving average of $51.91 and a 200-day simple moving average of $56.04.

STMicroelectronics (NYSE:STM) last released its earnings results on Friday, July 24th. The semiconductor producer reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. STMicroelectronics had a net margin of 3.56% and a return on equity of 4.30%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.46 billion. On average, equities analysts predict that STMicroelectronics will post 1.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC lifted its position in STMicroelectronics by 0.5% during the second quarter. Legacy Wealth Asset Management LLC now owns 34,613 shares of the semiconductor producer’s stock worth $2,592,000 after buying an additional 167 shares during the period. Eastern Bank raised its stake in shares of STMicroelectronics by 2.9% in the 3rd quarter. Eastern Bank now owns 7,046 shares of the semiconductor producer’s stock valued at $376,000 after acquiring an additional 196 shares during the period. Midwest Trust Co raised its position in STMicroelectronics by 0.8% in the first quarter. Midwest Trust Co now owns 54,447 shares of the semiconductor producer’s stock valued at $1,881,000 after purchasing an additional 406 shares during the period. Continuum Advisory LLC acquired a new position in STMicroelectronics during the 2nd quarter worth approximately $34,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of STMicroelectronics by 5.0% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,062 shares of the semiconductor producer’s stock worth $348,000 after purchasing an additional 479 shares in the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Company Profile

STMicroelectronics N.V. (NYSE: STM) is a global semiconductor company that designs, develops, manufactures and markets a broad range of electronic components and solutions. Its products support applications in automotive, industrial, personal electronics, communications infrastructure and other technology markets.

The company’s portfolio includes microcontrollers, microprocessors, analog and mixed-signal integrated circuits, power semiconductors, sensors, MEMS devices, connectivity products and embedded-processing solutions.