STMicroelectronics (NYSE:STM) Stock Rating Upgraded by Jefferies Financial Group

STMicroelectronics (NYSE:STM) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday,Briefing.com Automated Import reports.

A number of other equities analysts have also commented on the company. Bank of America lowered STMicroelectronics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Barclays lowered STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. restated a “neutral” rating on shares of STMicroelectronics in a research note on Monday, December 9th. TD Cowen lowered STMicroelectronics from a “buy” rating to a “hold” rating and lowered their price target for the company from $32.00 to $25.00 in a research note on Monday, January 13th. Finally, Sanford C. Bernstein lowered STMicroelectronics from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $33.00 to $26.00 in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.26.

STMicroelectronics Price Performance

NYSE STM opened at $24.42 on Wednesday. STMicroelectronics has a fifty-two week low of $21.36 and a fifty-two week high of $49.05. The stock’s 50-day moving average is $24.63 and its two-hundred day moving average is $26.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. The firm has a market cap of $22.06 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 1.05 and a beta of 1.51.

STMicroelectronics (NYSE:STM) last posted its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. On average, analysts anticipate that STMicroelectronics will post 0.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Truvestments Capital LLC bought a new position in STMicroelectronics in the 3rd quarter worth approximately $25,000. Archer Investment Corp bought a new position in STMicroelectronics in the 3rd quarter worth approximately $30,000. GAMMA Investing LLC raised its position in shares of STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock valued at $30,000 after acquiring an additional 531 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of STMicroelectronics during the 4th quarter valued at $31,000. Finally, Smartleaf Asset Management LLC raised its position in shares of STMicroelectronics by 225.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock valued at $33,000 after acquiring an additional 921 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.