STMicroelectronics (NYSE:STM) Given “Neutral” Rating at JPMorgan Chase & Co.

STMicroelectronics (NYSE:STM)‘s stock had its “neutral” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Monday, Marketbeat reports.

A number of other research firms also recently commented on STM. Craig Hallum dropped their price objective on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Morgan Stanley lowered shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 4th. StockNews.com downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Citigroup raised shares of STMicroelectronics to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, BNP Paribas assumed coverage on shares of STMicroelectronics in a research report on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, STMicroelectronics presently has an average rating of “Moderate Buy” and a consensus target price of $36.26.

STMicroelectronics Trading Down 0.8 %

NYSE STM opened at $26.34 on Monday. STMicroelectronics has a 52 week low of $23.95 and a 52 week high of $51.27. The firm has a 50 day moving average of $26.79 and a two-hundred day moving average of $32.47. The company has a quick ratio of 2.16, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $23.80 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 3.21 and a beta of 1.53.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The company’s revenue was down 26.6% compared to the same quarter last year. As a group, research analysts expect that STMicroelectronics will post 1.64 EPS for the current fiscal year.

Hedge Funds Weigh In On STMicroelectronics

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp raised its stake in STMicroelectronics by 26.5% during the 3rd quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer’s stock valued at $228,655,000 after acquiring an additional 1,719,257 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of STMicroelectronics by 177.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,311,888 shares of the semiconductor producer’s stock worth $90,806,000 after purchasing an additional 1,478,213 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of STMicroelectronics by 674.2% during the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock worth $41,524,000 after purchasing an additional 1,216,300 shares during the period. Federated Hermes Inc. lifted its holdings in shares of STMicroelectronics by 128.1% during the second quarter. Federated Hermes Inc. now owns 648,403 shares of the semiconductor producer’s stock worth $25,469,000 after purchasing an additional 364,184 shares during the period. Finally, Mediolanum International Funds Ltd acquired a new position in STMicroelectronics in the 3rd quarter valued at $7,642,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

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.