STMicroelectronics (STM) Earns Outperform Rating from Analysts at Cowen

Equities research analysts at Cowen assumed coverage on shares of STMicroelectronics (NYSE:STM) in a report released on Friday. The firm set an “outperform” rating and a $21.00 price target on the semiconductor producer’s stock. Cowen’s price objective would suggest a potential upside of 26.96% from the stock’s current price.

A number of other brokerages have also commented on STM. ValuEngine upgraded STMicroelectronics from a “strong sell” rating to a “sell” rating in a research report on Friday, January 25th. Credit Suisse Group reiterated a “buy” rating on shares of STMicroelectronics in a research report on Monday, November 19th. Robert W. Baird lowered STMicroelectronics from a “neutral” rating to an “underperform” rating in a research report on Thursday, October 25th. Zacks Investment Research upgraded STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a research report on Thursday, January 10th. Finally, UBS Group upgraded STMicroelectronics from a “sell” rating to a “neutral” rating in a research report on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.91.

Shares of STM stock opened at $16.54 on Friday. The firm has a market capitalization of $14.84 billion, a P/E ratio of 11.57, a PEG ratio of 3.06 and a beta of 1.12. STMicroelectronics has a one year low of $12.00 and a one year high of $26.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.76 and a quick ratio of 2.02.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Thursday, January 24th. The semiconductor producer reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.61 billion. STMicroelectronics had a return on equity of 29.91% and a net margin of 13.32%. During the same period last year, the business earned $0.36 earnings per share. As a group, sell-side analysts predict that STMicroelectronics will post 1.08 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Comerica Bank increased its holdings in shares of STMicroelectronics by 1.2% during the 4th quarter. Comerica Bank now owns 53,164 shares of the semiconductor producer’s stock worth $837,000 after acquiring an additional 622 shares during the last quarter. Mckinley Capital Management LLC Delaware grew its holdings in STMicroelectronics by 2.5% in the 4th quarter. Mckinley Capital Management LLC Delaware now owns 44,419 shares of the semiconductor producer’s stock valued at $617,000 after buying an additional 1,093 shares in the last quarter. Wetherby Asset Management Inc. grew its holdings in STMicroelectronics by 7.2% in the 4th quarter. Wetherby Asset Management Inc. now owns 22,800 shares of the semiconductor producer’s stock valued at $316,000 after buying an additional 1,531 shares in the last quarter. Financial Gravity Companies Inc. acquired a new position in STMicroelectronics in the 4th quarter valued at $63,000. Finally, Quadrant Capital Group LLC grew its holdings in STMicroelectronics by 42.2% in the 4th quarter. Quadrant Capital Group LLC now owns 13,663 shares of the semiconductor producer’s stock valued at $183,000 after buying an additional 4,057 shares in the last quarter. 3.37% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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