STMicroelectronics NV (STM) Receives Consensus Rating of "Hold" from Analysts

Cornelia Mascio
Novembre 14, 2017

Craig Hallum raised the price target of the stock on October 26 boosting the projection from $21.00 to $26.00 and issued a "Buy" rating. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Credit Suisse Group set a €16.50 ($19.19) price target on STMicroelectronics and gave the stock a neutral rating in a research note on Thursday, July 27th.

Shares of STMicroelectronics NV (NYSE:STM) have been assigned an average recommendation of "Buy" from the nine brokerages that are now covering the stock. Craig Hallum increased their price objective on shares of STMicroelectronics NV from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Thursday, October 27th. (The) set a €16.30 ($19.18) price target on shares of STMicroelectronics NV and gave the stock a "neutral" rating in a research note on Friday. Deutsche Bank AG set a €14.00 ($16.28) price target on STMicroelectronics and gave the company a sell rating in a report on Friday, October 13th. The firm has a market capitalization of €17.69 billion and a PE ratio of 40.74.

This article was originally published by and is the sole property of. (NYSE:STM) last released its quarterly earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.24 by $0.04.

STMicroelectronics N.V. had a net margin of 7.84% and a return on equity of 13.47%. The value of the total investment in Stmicroelectronics N.V. went from $157,000 to $164,000 a change of $7,000 quarter to quarter. If you are reading this story on another domain, it was illegally copied and republished in violation of global copyright and trademark laws. During the same period a year ago, the company earned $0.12 earnings per share. During the same quarter last year, the business earned $0.11 earnings per share. research analysts expect that STMicroelectronics N.V. will post 0.88 earnings per share for the current fiscal year.

The following firms have recently changed their position in STM. Shareholders of record on Tuesday, December 20th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.27%.

A number of institutional investors have recently added to or reduced their stakes in STM. OLD Mission Capital LLC acquired a new position in STMicroelectronics NV during the second quarter valued at approximately $674,000. Hap Trading, LLC grew its ownership by buying 8,800 shares an increase of 81.5%. Jefferies Group LLC now owns 20,549 shares of the company's stock valued at $121,000 after buying an additional 1,529 shares during the period. Goldman Sachs Group, Inc. 597,589 shares of the company traded hands, compared to its average volume of 3,975,865. The correct version of this piece of content can be accessed at investing/analysts-set-stmicroelectronics-nv-stm-pt-at-9-30/1114385.html. Institutional investors and hedge funds own 2.99% of the company's stock. Stevens Capital Management LP now owns 72,279 shares of the company's stock valued at $426,000 after buying an additional 50,553 shares during the period.

As of the end of the quarter Td Asset Management Inc had bought 822 shares growing its holdings by 4.0%.

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