STMicroelectronics (NYSE:STM) Stock Rating Lowered by StockNews.com

STMicroelectronics (NYSE:STM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Other analysts also recently issued research reports about the stock. Sanford C. Bernstein cut their price objective on shares of STMicroelectronics from $54.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. TD Cowen reduced their price objective on STMicroelectronics from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Morgan Stanley lowered STMicroelectronics from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. The Goldman Sachs Group raised STMicroelectronics from a “sell” rating to a “neutral” rating and raised their target price for the stock from $35.50 to $45.80 in a research note on Tuesday, June 18th. Finally, Craig Hallum lowered their price target on shares of STMicroelectronics from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, STMicroelectronics presently has an average rating of “Moderate Buy” and an average target price of $43.13.

STMicroelectronics Price Performance

Shares of STMicroelectronics stock opened at $27.94 on Thursday. The stock has a market capitalization of $25.24 billion, a P/E ratio of 7.16, a PEG ratio of 3.35 and a beta of 1.58. The business has a 50 day simple moving average of $32.26 and a two-hundred day simple moving average of $38.84. STMicroelectronics has a 12 month low of $27.44 and a 12 month high of $51.27. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.35 and a quick ratio of 2.56.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, July 25th. The semiconductor producer reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. STMicroelectronics had a return on equity of 18.18% and a net margin of 19.68%. The firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same period in the prior year, the company earned $1.06 EPS. The firm’s revenue was down 25.3% compared to the same quarter last year. As a group, analysts predict that STMicroelectronics will post 1.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in shares of STMicroelectronics by 11.6% in the 2nd quarter. Van ECK Associates Corp now owns 6,476,264 shares of the semiconductor producer’s stock valued at $254,388,000 after acquiring an additional 675,353 shares during the period. Capital International Investors lifted its stake in STMicroelectronics by 2.4% during the first quarter. Capital International Investors now owns 3,132,920 shares of the semiconductor producer’s stock worth $135,467,000 after purchasing an additional 74,519 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in STMicroelectronics by 5.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,369,273 shares of the semiconductor producer’s stock worth $118,772,000 after purchasing an additional 120,399 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of STMicroelectronics by 177.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,311,888 shares of the semiconductor producer’s stock worth $90,806,000 after buying an additional 1,478,213 shares during the period. Finally, Rafferty Asset Management LLC grew its stake in shares of STMicroelectronics by 8.7% in the fourth quarter. Rafferty Asset Management LLC now owns 1,615,616 shares of the semiconductor producer’s stock valued at $80,991,000 after buying an additional 129,772 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Company Profile

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.