BidaskClub upgraded shares of STMicroelectronics N.V. (NYSE:STM) from a hold rating to a buy rating in a research report released on Wednesday, July 12th.

Several other research firms have also recently commented on STM. Robert W. Baird raised their price target on shares of STMicroelectronics N.V. from $15.00 to $20.00 and gave the stock an outperform rating in a report on Friday, April 28th. Royal Bank Of Canada restated a sector perform rating on shares of STMicroelectronics N.V. in a report on Thursday, March 16th. Stifel Nicolaus upgraded shares of STMicroelectronics N.V. from a hold rating to a buy rating and decreased their price target for the stock from $14.84 to $14.50 in a report on Tuesday, June 27th. J P Morgan Chase & Co upgraded shares of STMicroelectronics N.V. from a neutral rating to an overweight rating in a report on Tuesday, July 11th. Finally, Zacks Investment Research cut shares of STMicroelectronics N.V. from a buy rating to a hold rating in a report on Wednesday, June 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. STMicroelectronics N.V. has a consensus rating of Hold and a consensus target price of $18.38.

Shares of STMicroelectronics N.V. (NYSE STM) traded down 0.81% during trading on Wednesday, reaching $17.18. 3,928,700 shares of the company traded hands. STMicroelectronics N.V. has a 12 month low of $7.24 and a 12 month high of $17.46. The firm has a 50-day moving average price of $15.75 and a 200-day moving average price of $15.32. The firm has a market capitalization of $15.25 billion, a PE ratio of 35.13 and a beta of 0.66.

STMicroelectronics N.V. (NYSE:STM) last announced its earnings results on Wednesday, July 26th. The semiconductor producer reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by $0.01. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.92 billion. STMicroelectronics N.V. had a return on equity of 10.60% and a net margin of 5.97%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 earnings per share. Equities research analysts anticipate that STMicroelectronics N.V. will post $0.82 EPS for the current year.

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STMicroelectronics N.V. announced that its board has initiated a share buyback plan on Thursday, June 22nd that allows the company to repurchase $297.00 million in shares. This repurchase authorization allows the semiconductor producer to purchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

A number of hedge funds have recently bought and sold shares of the stock. Comerica Bank boosted its stake in STMicroelectronics N.V. by 12.8% in the fourth quarter. Comerica Bank now owns 51,614 shares of the semiconductor producer’s stock worth $600,000 after buying an additional 5,837 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in STMicroelectronics N.V. during the fourth quarter worth about $133,000. Envestnet Asset Management Inc. boosted its stake in STMicroelectronics N.V. by 20.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,607 shares of the semiconductor producer’s stock worth $119,000 after buying an additional 1,771 shares during the period. Nepsis Capital Management Inc. acquired a new stake in STMicroelectronics N.V. during the first quarter worth about $7,334,000. Finally, Creative Planning boosted its stake in STMicroelectronics N.V. by 923.8% in the first quarter. Creative Planning now owns 99,393 shares of the semiconductor producer’s stock worth $1,537,000 after buying an additional 89,685 shares during the period. Hedge funds and other institutional investors own 5.08% of the company’s stock.

About STMicroelectronics N.V.

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.

Analyst Recommendations for STMicroelectronics N.V. (NYSE:STM)

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