Shares of STMicroelectronics NV (NYSE:STM) gapped down before the market opened on Tuesday . The stock had previously closed at $15.32, but opened at $15.56. STMicroelectronics shares last traded at $16.38, with a volume of 306474 shares traded.
A number of analysts have commented on the stock. Kepler Capital Markets upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Deutsche Bank reissued a “buy” rating and set a $20.00 target price on shares of STMicroelectronics in a research note on Friday, May 10th. ValuEngine raised STMicroelectronics from a “strong sell” rating to a “sell” rating in a research note on Friday, January 25th. Craig Hallum reissued a “buy” rating and set a $22.00 target price (up from $20.00) on shares of STMicroelectronics in a research note on Wednesday, April 24th. Finally, Robert W. Baird reissued a “sell” rating and set a $10.00 target price on shares of STMicroelectronics in a research note on Thursday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $18.17.
The company has a market capitalization of $14.63 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 3.12 and a beta of 1.16. The company has a current ratio of 2.91, a quick ratio of 2.06 and a debt-to-equity ratio of 0.30.
STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Wednesday, April 24th. The semiconductor producer reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.13 billion. STMicroelectronics had a return on equity of 19.85% and a net margin of 12.89%. STMicroelectronics’s revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. On average, equities analysts predict that STMicroelectronics NV will post 1.09 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of STMicroelectronics during the first quarter valued at about $26,000. Penserra Capital Management LLC increased its position in shares of STMicroelectronics by 50.0% in the first quarter. Penserra Capital Management LLC now owns 3,327 shares of the semiconductor producer’s stock worth $49,000 after acquiring an additional 1,109 shares in the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of STMicroelectronics in the fourth quarter worth $63,000. Cresset Asset Management LLC acquired a new stake in shares of STMicroelectronics in the first quarter worth $77,000. Finally, Financial Gravity Wealth Inc. acquired a new stake in STMicroelectronics during the 1st quarter valued at $81,000. 3.95% of the stock is owned by institutional investors.
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STMicroelectronics Company Profile (NYSE:STM)
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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