STMicroelectronics (STM) Upgraded at UBS Group

STMicroelectronics (NYSE:STM) was upgraded by analysts at UBS Group from a “sell” rating to a “neutral” rating in a research note issued to investors on Monday, The Fly reports.

A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research upgraded STMicroelectronics from a “sell” rating to a “hold” rating in a research note on Saturday. Robert W. Baird cut STMicroelectronics from a “neutral” rating to an “underperform” rating in a research note on Thursday. Baader Bank reiterated a “hold” rating on shares of STMicroelectronics in a research note on Wednesday, October 24th. Craig Hallum dropped their price objective on STMicroelectronics from $28.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. Finally, ValuEngine cut STMicroelectronics from a “sell” rating to a “strong sell” rating in a research note on Monday, October 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.48.

Shares of STMicroelectronics stock opened at $13.88 on Monday. STMicroelectronics has a 12-month low of $13.56 and a 12-month high of $26.43. The company has a market cap of $12.44 billion, a PE ratio of 14.16, a P/E/G ratio of 2.00 and a beta of 0.72. The company has a current ratio of 2.54, a quick ratio of 1.81 and a debt-to-equity ratio of 0.27.



STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Wednesday, October 24th. The semiconductor producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. STMicroelectronics had a return on equity of 21.97% and a net margin of 12.41%. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the prior year, the business posted $0.28 EPS. The business’s revenue was up 18.1% compared to the same quarter last year. As a group, equities analysts expect that STMicroelectronics will post 1.39 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of STM. Northern Trust Corp raised its stake in STMicroelectronics by 7.3% in the 1st quarter. Northern Trust Corp now owns 410,483 shares of the semiconductor producer’s stock valued at $9,149,000 after acquiring an additional 28,089 shares during the period. UBS Group AG raised its stake in STMicroelectronics by 17.3% in the 1st quarter. UBS Group AG now owns 138,028 shares of the semiconductor producer’s stock valued at $3,076,000 after acquiring an additional 20,401 shares during the period. LPL Financial LLC raised its stake in STMicroelectronics by 60.6% in the 1st quarter. LPL Financial LLC now owns 100,619 shares of the semiconductor producer’s stock valued at $2,243,000 after acquiring an additional 37,949 shares during the period. Cubist Systematic Strategies LLC bought a new stake in STMicroelectronics in the 1st quarter valued at $369,000. Finally, Royal Bank of Canada raised its stake in STMicroelectronics by 96.8% in the 1st quarter. Royal Bank of Canada now owns 80,477 shares of the semiconductor producer’s stock valued at $1,794,000 after acquiring an additional 39,594 shares during the period. 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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