STMicroelectronics (NYSE:STM) Earns Positive Rating from Susquehanna

STMicroelectronics (NYSE:STM)‘s stock had its “positive” rating reissued by stock analysts at Susquehanna in a research note issued to investors on Thursday,Benzinga reports. They currently have a $33.00 price target on the semiconductor producer’s stock. Susquehanna’s price objective would suggest a potential upside of 34.80% from the company’s previous close.

STM has been the subject of several other research reports. Morgan Stanley cut shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Monday, November 4th. Citigroup raised STMicroelectronics to a “strong-buy” rating in a report on Thursday, October 10th. StockNews.com downgraded STMicroelectronics from a “buy” rating to a “hold” rating in a report on Thursday, September 19th. TD Cowen dropped their price target on STMicroelectronics from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Finally, Robert W. Baird reduced their price objective on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.63.

STMicroelectronics Stock Down 0.2 %

STMicroelectronics stock opened at $24.48 on Thursday. The stock has a market cap of $22.12 billion, a PE ratio of 10.07, a P/E/G ratio of 2.98 and a beta of 1.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.16. The stock’s fifty day moving average is $27.46 and its two-hundred day moving average is $33.89. STMicroelectronics has a 1-year low of $23.95 and a 1-year high of $51.27.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.27 billion. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The business’s quarterly revenue was down 26.6% on a year-over-year basis. During the same quarter last year, the company earned $1.16 EPS. On average, sell-side analysts expect that STMicroelectronics will post 1.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Truvestments Capital LLC purchased a new position in STMicroelectronics in the 3rd quarter valued at $25,000. Archer Investment Corp acquired a new stake in shares of STMicroelectronics in the 3rd quarter worth $30,000. Waldron Private Wealth LLC purchased a new stake in shares of STMicroelectronics in the third quarter valued at about $34,000. TD Private Client Wealth LLC increased its stake in shares of STMicroelectronics by 108.3% during the third quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock worth $46,000 after acquiring an additional 809 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in STMicroelectronics by 144.2% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,243 shares of the semiconductor producer’s stock worth $49,000 after purchasing an additional 734 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.