Analysts Set STMicroelectronics (NYSE:STM) Target Price at $31.26

STMicroelectronics (NYSE:STM) has earned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $31.26.

Several equities analysts have weighed in on STM shares. Susquehanna lowered their target price on STMicroelectronics from $33.00 to $28.00 and set a “positive” rating on the stock in a research note on Friday, January 31st. Morgan Stanley upgraded shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research note on Thursday, February 13th. Sanford C. Bernstein lowered shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $33.00 to $26.00 in a research note on Wednesday, February 5th. TD Cowen lowered STMicroelectronics from a “buy” rating to a “hold” rating and cut their price objective for the stock from $32.00 to $25.00 in a report on Monday, January 13th. Finally, Barclays downgraded STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd.

Hedge Funds Weigh In On STMicroelectronics

Institutional investors have recently modified their holdings of the company. Clear Creek Financial Management LLC acquired a new position in STMicroelectronics in the 4th quarter valued at $468,000. Point72 Asset Management L.P. acquired a new position in shares of STMicroelectronics during the 3rd quarter worth about $1,924,000. Callan Family Office LLC bought a new stake in STMicroelectronics during the 4th quarter valued at approximately $486,000. Schechter Investment Advisors LLC acquired a new stake in STMicroelectronics in the 4th quarter valued at approximately $758,000. Finally, Diversified Trust Co bought a new position in STMicroelectronics in the 4th quarter worth approximately $583,000. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

STMicroelectronics stock opened at $21.77 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. The company has a market cap of $19.55 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. STMicroelectronics has a fifty-two week low of $21.28 and a fifty-two week high of $45.39. The firm’s 50 day simple moving average is $24.41 and its 200-day simple moving average is $25.79.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. As a group, equities research analysts predict that STMicroelectronics will post 0.85 EPS for the current year.

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.