Kepler Capital Markets upgraded shares of STMicroelectronics (NYSE:STM) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, Briefing.com Automated Import reports.

Several other equities analysts also recently commented on STM. Zacks Investment Research raised shares of STMicroelectronics from a sell rating to a hold rating in a research report on Wednesday, March 27th. Deutsche Bank reaffirmed a buy rating and issued a $20.00 price target on shares of STMicroelectronics in a research report on Friday, May 10th. UBS Group reaffirmed a hold rating and issued a $14.00 price target on shares of STMicroelectronics in a research report on Wednesday, April 10th. Credit Suisse Group reaffirmed a buy rating and issued a $19.00 price target on shares of STMicroelectronics in a research report on Friday, May 10th. Finally, Goldman Sachs Group reissued a hold rating and set a $14.50 target price on shares of STMicroelectronics in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $18.17.

STMicroelectronics stock traded up $0.26 during mid-day trading on Wednesday, hitting $17.61. 192,132 shares of the company’s stock were exchanged, compared to its average volume of 3,285,446. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.91 and a quick ratio of 2.06. The company has a market capitalization of $15.57 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 2.82 and a beta of 1.16. STMicroelectronics has a 1-year low of $12.00 and a 1-year high of $26.43.

STMicroelectronics (NYSE:STM) last posted its earnings results on Wednesday, April 24th. The semiconductor producer reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.01). The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.13 billion. STMicroelectronics had a return on equity of 19.85% and a net margin of 12.89%. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. As a group, sell-side analysts anticipate that STMicroelectronics will post 1.11 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in STM. BlackRock Inc. lifted its stake in STMicroelectronics by 5,119.6% during the third quarter. BlackRock Inc. now owns 76,311 shares of the semiconductor producer’s stock worth $1,400,000 after purchasing an additional 74,849 shares during the period. Ipswich Investment Management Co. Inc. acquired a new position in shares of STMicroelectronics in the 4th quarter valued at $61,000. Quantamental Technologies LLC acquired a new position in shares of STMicroelectronics in the 4th quarter valued at $89,000. Eagle Asset Management Inc. acquired a new position in shares of STMicroelectronics in the 4th quarter valued at $294,000. Finally, First Allied Advisory Services Inc. grew its holdings in shares of STMicroelectronics by 62.3% in the 4th quarter. First Allied Advisory Services Inc. now owns 16,776 shares of the semiconductor producer’s stock valued at $238,000 after buying an additional 6,441 shares during the period. 3.95% of the stock is currently owned by institutional investors and hedge funds.

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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