STMicroelectronics (NYSE:STM) Upgraded at Morgan Stanley

STMicroelectronics (NYSE:STM) was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report released on Thursday,Briefing.com Automated Import reports.

Other research analysts also recently issued research reports about the company. Sanford C. Bernstein downgraded STMicroelectronics from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $33.00 to $26.00 in a report on Wednesday, February 5th. BNP Paribas began coverage on STMicroelectronics in a research note on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 price objective on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of STMicroelectronics in a research note on Monday, December 9th. Bank of America lowered shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. Finally, TD Cowen cut STMicroelectronics from a “buy” rating to a “hold” rating and cut their target price for the company from $32.00 to $25.00 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $31.26.

STMicroelectronics Stock Performance

Shares of NYSE:STM opened at $23.52 on Thursday. The company has a market cap of $21.25 billion, a P/E ratio of 14.17, a PEG ratio of 0.97 and a beta of 1.51. The business’s 50-day simple moving average is $24.79 and its 200 day simple moving average is $27.12. STMicroelectronics has a one year low of $21.36 and a one year high of $49.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in STM. Truvestments Capital LLC acquired a new position in shares of STMicroelectronics in the 3rd quarter valued at about $25,000. Archer Investment Corp purchased a new position in STMicroelectronics in the third quarter valued at about $30,000. GAMMA Investing LLC increased its position in STMicroelectronics by 81.4% in the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock worth $30,000 after purchasing an additional 531 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in STMicroelectronics in the fourth quarter worth approximately $31,000. Finally, Smartleaf Asset Management LLC lifted its stake in STMicroelectronics by 225.7% in the fourth 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. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Company Profile

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.