Brokerages Set STMicroelectronics NV (NYSE:STM) Price Target at $20.02

STMicroelectronics NV (NYSE:STM) has received an average rating of “Buy” from the fifteen research firms that are covering the stock, reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $20.10.

A number of analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on STMicroelectronics in a research report on Monday, January 6th. They issued a “hold” rating and a $30.00 target price on the stock. Goldman Sachs Group reaffirmed a “neutral” rating on shares of STMicroelectronics in a research report on Wednesday, January 8th. Zacks Investment Research raised STMicroelectronics from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, October 30th. ValuEngine downgraded STMicroelectronics from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th. Finally, Cowen lifted their target price on STMicroelectronics from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, October 25th.

In other STMicroelectronics news, insider Ascough Graham 4,000,000 shares of the company’s stock in a transaction dated Thursday, October 31st.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Boston Partners acquired a new position in STMicroelectronics during the second quarter worth approximately $38,000. Whittier Trust Co. bought a new stake in shares of STMicroelectronics during the third quarter worth approximately $49,000. AdvisorNet Financial Inc bought a new stake in shares of STMicroelectronics during the third quarter worth approximately $49,000. Accurate Investment Solutions Inc. bought a new stake in shares of STMicroelectronics during the fourth quarter worth approximately $69,000. Finally, Parallel Advisors LLC boosted its holdings in shares of STMicroelectronics by 20.6% during the third quarter. Parallel Advisors LLC now owns 2,848 shares of the semiconductor producer’s stock worth $55,000 after acquiring an additional 487 shares during the period. 3.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of STM traded up $0.07 during midday trading on Tuesday, hitting $27.94. The stock had a trading volume of 1,458,300 shares, compared to its average volume of 1,906,745. The company has a 50 day simple moving average of $26.50 and a two-hundred day simple moving average of $21.43. STMicroelectronics has a twelve month low of $13.81 and a twelve month high of $28.19. The firm has a market cap of $24.97 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 3.80 and a beta of 1.43. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.87 and a quick ratio of 2.04.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, October 24th. The semiconductor producer reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.48 billion. STMicroelectronics had a return on equity of 16.11% and a net margin of 11.20%. STMicroelectronics’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. Analysts forecast that STMicroelectronics will post 1.08 EPS for the current fiscal year.

About STMicroelectronics

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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