Shares of STMicroelectronics NV (NYSE:STM) have been given an average rating of “Hold” by the fourteen research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $22.72.

A number of brokerages have commented on STM. Craig Hallum lowered their target price on STMicroelectronics from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, July 25th. Zacks Investment Research cut STMicroelectronics from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. ValuEngine cut STMicroelectronics from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. Deutsche Bank upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, September 26th. Finally, Bank of America upgraded STMicroelectronics from an “underperform” rating to a “neutral” rating in a report on Thursday, September 13th.

NYSE:STM traded up $0.19 during trading hours on Thursday, reaching $14.30. 7,843,300 shares of the company traded hands, compared to its average volume of 3,750,668. The stock has a market cap of $12.30 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 1.97 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.81 and a current ratio of 2.54. STMicroelectronics has a 1-year low of $13.56 and a 1-year high of $26.43.

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

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of STMicroelectronics by 6,533.7% during the second quarter. Bank of New York Mellon Corp now owns 1,246,613 shares of the semiconductor producer’s stock worth $27,575,000 after purchasing an additional 1,227,821 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of STMicroelectronics during the second quarter worth $718,000. Marshall Wace LLP acquired a new stake in shares of STMicroelectronics during the second quarter worth $3,005,000. Centaurus Financial Inc. acquired a new stake in shares of STMicroelectronics during the second quarter worth $125,000. Finally, Raymond James & Associates boosted its holdings in shares of STMicroelectronics by 11.0% during the second quarter. Raymond James & Associates now owns 121,516 shares of the semiconductor producer’s stock worth $2,688,000 after purchasing an additional 12,077 shares during the last quarter. Institutional investors and hedge funds own 4.13% of the company’s stock.

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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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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