STMicroelectronics (STM) Upgraded to “Sell” at ValuEngine

ValuEngine upgraded shares of STMicroelectronics (NYSE:STM) from a strong sell rating to a sell rating in a research note published on Monday.

Several other research firms have also issued reports on STM. Craig Hallum lowered their price target on shares of STMicroelectronics from $30.00 to $28.00 and set a buy rating for the company in a report on Wednesday, July 25th. Zacks Investment Research upgraded shares of STMicroelectronics from a hold rating to a buy rating and set a $25.00 price target for the company in a report on Wednesday, June 27th. Finally, Bank of America upgraded shares of STMicroelectronics from an underperform rating to a neutral rating in a report on Thursday, September 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $26.15.

STMicroelectronics stock opened at $19.04 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.36 and a quick ratio of 1.65. STMicroelectronics has a 52-week low of $17.43 and a 52-week high of $26.43. The company has a market cap of $16.87 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 2.74 and a beta of 0.76.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Wednesday, July 25th. The semiconductor producer reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). STMicroelectronics had a return on equity of 20.69% and a net margin of 11.48%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the business posted $0.17 EPS. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. analysts forecast that STMicroelectronics will post 1.38 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Eagle Asset Management Inc. raised its holdings in STMicroelectronics by 13.4% during the 1st quarter. Eagle Asset Management Inc. now owns 20,743 shares of the semiconductor producer’s stock worth $462,000 after purchasing an additional 2,446 shares during the last quarter. Lido Advisors LLC raised its holdings in STMicroelectronics by 29.7% during the 2nd quarter. Lido Advisors LLC now owns 12,386 shares of the semiconductor producer’s stock worth $273,000 after purchasing an additional 2,833 shares during the last quarter. Atria Investments LLC grew its position in shares of STMicroelectronics by 26.4% during the 2nd quarter. Atria Investments LLC now owns 18,108 shares of the semiconductor producer’s stock worth $401,000 after buying an additional 3,780 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in shares of STMicroelectronics by 4.8% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 91,578 shares of the semiconductor producer’s stock worth $2,041,000 after buying an additional 4,178 shares during the period. Finally, Financial Gravity Wealth Inc. acquired a new stake in shares of STMicroelectronics during the 1st quarter worth approximately $113,000. Hedge funds and other institutional investors own 4.22% of the company’s stock.

STMicroelectronics Company Profile

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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