STMicroelectronics (NYSE:STM) Trading 6.1% Higher – Still a Buy?

STMicroelectronics (NYSE:STM) shot up 6.1% during trading on Friday . The stock traded as high as $20.19 and last traded at $20.09. 1,961,050 shares changed hands during trading, a decline of 63% from the average session volume of 5,310,963 shares. The stock had previously closed at $18.93.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Susquehanna dropped their price target on shares of STMicroelectronics from $33.00 to $28.00 and set a “positive” rating for the company in a research note on Friday, January 31st. Jefferies Financial Group upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. TD Cowen cut STMicroelectronics from a “buy” rating to a “hold” rating and cut their target price for the stock from $32.00 to $25.00 in a research note on Monday, January 13th. Morgan Stanley upgraded STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research report on Thursday, February 13th. Finally, Sanford C. Bernstein cut STMicroelectronics from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $33.00 to $26.00 in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.26.

STMicroelectronics Price Performance

The stock has a market cap of $18.40 billion, a PE ratio of 12.34, a PEG ratio of 1.16 and a beta of 1.56. The company has a 50-day simple moving average of $23.53 and a 200-day simple moving average of $25.23. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. Sell-side analysts anticipate that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of STM. Deutsche Bank AG increased its holdings in shares of STMicroelectronics by 14.5% during the 4th quarter. Deutsche Bank AG now owns 3,682 shares of the semiconductor producer’s stock worth $92,000 after buying an additional 466 shares during the last quarter. Stifel Financial Corp grew its position in STMicroelectronics by 0.7% during the third quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer’s stock valued at $2,048,000 after acquiring an additional 493 shares during the period. GAMMA Investing LLC increased its stake in STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock worth $30,000 after acquiring an additional 531 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of STMicroelectronics by 4.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,280 shares of the semiconductor producer’s stock worth $307,000 after purchasing an additional 539 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of STMicroelectronics by 16.0% in the 4th quarter. Russell Investments Group Ltd. now owns 5,069 shares of the semiconductor producer’s stock valued at $127,000 after purchasing an additional 700 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

About STMicroelectronics

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.