STMicroelectronics (NYSE:STM) Coverage Initiated by Analysts at BNP Paribas

BNP Paribas started coverage on shares of STMicroelectronics (NYSE:STM) in a research note published on Tuesday, Marketbeat.com reports. The firm issued a neutral rating and a $28.00 price objective on the semiconductor producer’s stock.

A number of other analysts also recently weighed in on the stock. StockNews.com downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Robert W. Baird dropped their target price on shares of STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Citigroup upgraded STMicroelectronics to a “strong-buy” rating in a report on Thursday, October 10th. Morgan Stanley lowered STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 4th. Finally, Craig Hallum lowered their target price on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, STMicroelectronics presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.26.

STMicroelectronics Trading Down 1.4 %

Shares of NYSE STM opened at $25.76 on Tuesday. The firm has a 50 day moving average price of $27.15 and a two-hundred day moving average price of $33.13. The stock has a market cap of $23.27 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 3.18 and a beta of 1.53. STMicroelectronics has a 52-week low of $23.95 and a 52-week high of $51.27. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.16 and a current ratio of 2.84.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.27 billion. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. STMicroelectronics’s quarterly revenue was down 26.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 earnings per share. As a group, equities analysts forecast that STMicroelectronics will post 1.64 EPS for the current year.

Institutional Investors Weigh In On STMicroelectronics

A number of institutional investors have recently added to or reduced their stakes in STM. B. Riley Wealth Advisors Inc. purchased a new position in shares of STMicroelectronics in the 1st quarter worth approximately $235,000. Tidal Investments LLC increased its position in shares of STMicroelectronics by 12.4% during the 1st quarter. Tidal Investments LLC now owns 20,083 shares of the semiconductor producer’s stock valued at $868,000 after purchasing an additional 2,214 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of STMicroelectronics by 340.9% during the 1st quarter. Cetera Investment Advisers now owns 45,285 shares of the semiconductor producer’s stock worth $1,958,000 after purchasing an additional 35,015 shares during the period. Cetera Advisors LLC boosted its holdings in shares of STMicroelectronics by 145.6% in the 1st quarter. Cetera Advisors LLC now owns 18,735 shares of the semiconductor producer’s stock worth $810,000 after buying an additional 11,106 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in STMicroelectronics by 5.3% during the second quarter. SG Americas Securities LLC now owns 53,875 shares of the semiconductor producer’s stock valued at $2,116,000 after buying an additional 2,693 shares during the period. 5.05% of the stock is owned by institutional investors.

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.