Jefferies Financial Group Reaffirms Buy Rating for STMicroelectronics (NYSE:STM)

STMicroelectronics (NYSE:STM – Get Free Report)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a report released on Monday.

Other equities research analysts also recently issued reports about the stock. Bank of America reiterated a “buy” rating on shares of STMicroelectronics in a research note on Friday, October 30th. The Goldman Sachs Group lowered their price target on STMicroelectronics from $67.50 to $60.50 and set a “neutral” rating on the stock in a research report on Monday, July 27th. Barclays set a $60.00 price objective on STMicroelectronics in a research note on Friday, July 24th. Craig Hallum reaffirmed a “buy” rating and issued a $70.00 price objective on shares of STMicroelectronics in a research report on Thursday, July 23rd. Finally, TD Cowen reduced their target price on STMicroelectronics from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, October 19th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $75.06.

Check Out Our Latest Report on STM

STMicroelectronics Stock Performance

NYSE STM traded down $2.74 on Monday, hitting $45.80. 9,822,238 shares of the stock were exchanged, compared to its average volume of 10,159,731. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.13 and a quick ratio of 2.30. The business’s fifty day moving average is $50.22 and its 200 day moving average is $50.04. STMicroelectronics has a 52 week low of $21.11 and a 52 week high of $81.42. The company has a market capitalization of $41.14 billion, a PE ratio of 82.15 and a beta of 2.00.

STMicroelectronics (NYSE:STM – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The semiconductor producer reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.72 billion. STMicroelectronics had a net margin of 3.80% and a return on equity of 4.71%. Research analysts anticipate that STMicroelectronics will post 1.25 EPS for the current fiscal year.

Institutional Trading of STMicroelectronics

Several hedge funds and other institutional investors have recently modified their holdings of STM. Situational Awareness LP bought a new stake in STMicroelectronics during the second quarter worth about $584,344,000. Annex Advisory Services LLC bought a new position in STMicroelectronics in the 3rd quarter valued at about $38,877,000. The Manufacturers Life Insurance Company bought a new position in STMicroelectronics in the 1st quarter valued at about $19,132,000. Generate Investment Management Ltd acquired a new position in shares of STMicroelectronics in the 3rd quarter valued at approximately $15,857,000. Finally, Beaconlight Capital LLC acquired a new position in shares of STMicroelectronics in the 1st quarter valued at approximately $13,284,000. Institutional investors own 5.05% of the company’s stock.

Key Stories Impacting STMicroelectronics

Here are the key news stories impacting STMicroelectronics this week:

About STMicroelectronics

(Get Free Report)

STMicroelectronics N.V. (NYSE: STM) is a global semiconductor company that designs, develops, manufactures and markets a broad range of integrated circuits and other semiconductor products. Its offerings support applications in automotive, industrial, personal electronics, communications equipment and computer systems.

The company’s product portfolio includes microcontrollers, analog and power semiconductors, sensors, microelectromechanical systems (MEMS), connectivity products and automotive chips.

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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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