STMicroelectronics N.V. (NYSE:STM) Stock Rating Upgraded by BidaskClub
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.
COPYRIGHT VIOLATION WARNING: This piece of content was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/08/bidaskclub-upgrades-stmicroelectronics-n-v-nysestm-to-buy-updated-updated-updated.html.
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.
Receive News & Stock Ratings for STMicroelectronics N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics N.V. and related stocks with our FREE daily email newsletter.