STM doing well w/current chip shortage.. ratings
STMicroelectronics (NYSE:STM)‘s stock had its “overweight” rating reissued by equities research analysts at Barclays in a research note issued on Thursday, The Fly reports.
Several other equities analysts have also weighed in on the stock. Credit Suisse Group reaffirmed an “outperform” rating on shares of STMicroelectronics in a report on Friday, October 2nd. Societe Generale reaffirmed a “buy” rating on shares of STMicroelectronics in a report on Tuesday. UBS Group lowered shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a report on Wednesday. Bryan, Garnier & Co raised shares of STMicroelectronics from a “neutral” rating to a “buy” rating in a report on Friday, January 8th. Finally, Canaccord Genuity lifted their target price on shares of STMicroelectronics from $36.00 to $47.00 and gave the company a “buy” rating in a report on Friday, October 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $38.20.
STM opened at $39.79 on Thursday. STMicroelectronics has a 12-month low of $14.67 and a 12-month high of $41.99. The company has a current ratio of 2.09, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $36.26 billion, a PE ratio of 36.84, a P/E/G ratio of 7.02 and a beta of 1.38. The firm has a 50 day moving average of $38.37 and a two-hundred day moving average of $32.90.
STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Thursday, October 22nd. The semiconductor producer reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). STMicroelectronics had a return on equity of 13.98% and a net margin of 10.14%. The business had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts predict that STMicroelectronics will post 0.98 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in STM. Amundi Pioneer Asset Management Inc. acquired a new stake in STMicroelectronics during the 1st quarter worth $7,630,000. Stifel Financial Corp boosted its stake in STMicroelectronics by 40.6% during the 2nd quarter. Stifel Financial Corp now owns 24,584 shares of the semiconductor producer’s stock worth $673,000 after purchasing an additional 7,100 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in STMicroelectronics by 164.4% during the 2nd quarter. Glenmede Trust Co. NA now owns 2,070 shares of the semiconductor producer’s stock worth $56,000 after purchasing an additional 1,287 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in STMicroelectronics by 9.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 52,063 shares of the semiconductor producer’s stock worth $1,427,000 after purchasing an additional 4,685 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in shares of STMicroelectronics during the 2nd quarter valued at about $104,000. 3.22% of the stock is currently owned by institutional investors.
About STMicroelectronics
STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products in EMEA, the Americas, and the Asia Pacific. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The Automotive and Discrete Group segment offers digital and analog automotive integrated circuits (ICs); and discrete and power transistor products. |
