STMicroelectronics (STM) Downgraded to “Underperform” at Robert W. Baird

Robert W. Baird cut shares of STMicroelectronics (NYSE:STM) from a neutral rating to an underperform rating in a report released on Thursday, MarketBeat Ratings reports.

Other research analysts have also recently issued research reports about the company. Deutsche Bank upgraded STMicroelectronics from a hold rating to a buy rating in a research note on Wednesday, September 26th. Craig Hallum reduced their price objective on STMicroelectronics from $30.00 to $28.00 and set a buy rating on the stock in a research note on Wednesday, July 25th. Zacks Investment Research upgraded STMicroelectronics from a hold rating to a buy rating and set a $25.00 price objective on the stock in a research note on Wednesday, June 27th. Baader Bank restated a hold rating on shares of STMicroelectronics in a research note on Wednesday. Finally, ValuEngine cut STMicroelectronics from a buy rating to a hold rating in a research note on Thursday, June 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $23.48.

Shares of STM opened at $13.88 on Thursday. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 9.99, a P/E/G ratio of 2.00 and a beta of 0.72. STMicroelectronics has a 12 month low of $13.56 and a 12 month high of $26.43. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.65 and a current ratio of 2.36.



STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Wednesday, October 24th. The semiconductor producer reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.50 billion. STMicroelectronics had a return on equity of 22.38% and a net margin of 12.41%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. As a group, equities research analysts predict that STMicroelectronics will post 1.39 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in STM. Summit Trail Advisors LLC lifted its stake in shares of STMicroelectronics by 2,312.8% in the first quarter. Summit Trail Advisors LLC now owns 109,277 shares of the semiconductor producer’s stock worth $109,000 after acquiring an additional 104,748 shares in the last quarter. Centaurus Financial Inc. acquired a new position in shares of STMicroelectronics in the second quarter worth about $125,000. Mount Yale Investment Advisors LLC acquired a new position in shares of STMicroelectronics in the first quarter worth about $198,000. Marietta Investment Partners LLC acquired a new position in shares of STMicroelectronics in the second quarter worth about $202,000. Finally, BB&T Securities LLC acquired a new position in shares of STMicroelectronics in the second quarter worth about $214,000. Institutional investors and hedge funds own 4.20% of the company’s stock.

STMicroelectronics Company Profile

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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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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