Bryan, Garnier & Co Upgrades STMicroelectronics (NYSE:STM) to “Buy”

STMicroelectronics (NYSE:STM) was upgraded by stock analysts at Bryan, Garnier & Co from a “neutral” rating to a “buy” rating in a research report issued on Monday, Marketbeat Ratings reports.

A number of other equities analysts also recently issued reports on STM. Zacks Investment Research raised shares of STMicroelectronics from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Goldman Sachs Group downgraded shares of STMicroelectronics from a “neutral” rating to a “sell” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. downgraded shares of STMicroelectronics from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. Craig Hallum lifted their price target on shares of STMicroelectronics from $25.00 to $30.00 and gave the company a “buy” rating in a report on Monday, June 15th. Finally, Deutsche Bank reissued a “buy” rating on shares of STMicroelectronics in a report on Thursday, April 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $30.06.

Shares of STM stock opened at $27.41 on Monday. The company has a 50 day moving average price of $25.72 and a 200-day moving average price of $25.79. STMicroelectronics has a 52 week low of $14.67 and a 52 week high of $31.98. The firm has a market capitalization of $24.37 billion, a PE ratio of 23.63, a P/E/G ratio of 7.31 and a beta of 1.46. The company has a quick ratio of 2.19, a current ratio of 3.05 and a debt-to-equity ratio of 0.26.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor producer reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). STMicroelectronics had a return on equity of 15.27% and a net margin of 10.77%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. Analysts anticipate that STMicroelectronics will post 0.72 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its position in STMicroelectronics by 25.1% during the fourth quarter. Bank of America Corp DE now owns 2,685,488 shares of the semiconductor producer’s stock valued at $72,267,000 after acquiring an additional 538,440 shares during the last quarter. Victory Capital Management Inc. increased its position in STMicroelectronics by 114.6% during the first quarter. Victory Capital Management Inc. now owns 2,282,388 shares of the semiconductor producer’s stock valued at $48,775,000 after acquiring an additional 1,218,858 shares during the last quarter. Van ECK Associates Corp increased its position in STMicroelectronics by 63.2% during the first quarter. Van ECK Associates Corp now owns 2,065,981 shares of the semiconductor producer’s stock valued at $44,150,000 after acquiring an additional 799,832 shares during the last quarter. Goldman Sachs Group Inc. increased its position in STMicroelectronics by 26.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,550,993 shares of the semiconductor producer’s stock valued at $41,737,000 after acquiring an additional 328,551 shares during the last quarter. Finally, Aperio Group LLC increased its position in STMicroelectronics by 22.3% during the first quarter. Aperio Group LLC now owns 913,993 shares of the semiconductor producer’s stock valued at $19,532,000 after acquiring an additional 166,455 shares during the last quarter. Institutional investors and hedge funds own 3.73% 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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