STMicroelectronics (NYSE:STM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of STMicroelectronics (NYSE:STM) from a hold rating to a buy rating in a research report released on Saturday morning.

A number of other research analysts have also commented on the company. UBS Group set a $100.00 price target on STMicroelectronics in a report on Wednesday, June 10th. Mizuho decreased their target price on shares of STMicroelectronics from $84.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday. Citigroup reissued a “buy” rating on shares of STMicroelectronics in a research note on Sunday, April 26th. Barclays set a $60.00 price target on shares of STMicroelectronics in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, STMicroelectronics has a consensus rating of “Moderate Buy” and a consensus price target of $71.65.

STMicroelectronics Price Performance

STM stock opened at $53.35 on Friday. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 0.16. STMicroelectronics has a 52-week low of $21.11 and a 52-week high of $81.42. The stock’s 50 day moving average is $69.97 and its two-hundred day moving average is $48.76. The company has a market capitalization of $47.92 billion, a PE ratio of 104.61 and a beta of 1.93.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Thursday, July 23rd. The semiconductor producer reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.46 billion. STMicroelectronics had a return on equity of 4.30% and a net margin of 3.56%. Analysts predict that STMicroelectronics will post 1.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On STMicroelectronics

Institutional investors and hedge funds have recently modified their holdings of the stock. Portus Wealth Advisors LLC acquired a new position in STMicroelectronics during the first quarter worth $32,000. CIBC Private Wealth Group LLC lifted its position in shares of STMicroelectronics by 3,746.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after buying an additional 974 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of STMicroelectronics during the 1st quarter worth about $45,000. Advisory Services Network LLC acquired a new position in shares of STMicroelectronics during the 3rd quarter valued at about $52,000. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of STMicroelectronics by 350.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,680 shares of the semiconductor producer’s stock valued at $70,000 after acquiring an additional 2,085 shares during the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

About STMicroelectronics

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.