STMicroelectronics (NYSE:STM) Price Target Cut to $28.00 by Analysts at Susquehanna

STMicroelectronics (NYSE:STM) had its price target cut by research analysts at Susquehanna from $33.00 to $28.00 in a report released on Friday,Benzinga reports. The firm presently has a “positive” rating on the semiconductor producer’s stock. Susquehanna’s price objective points to a potential upside of 25.39% from the company’s previous close.

STM has been the subject of several other reports. Morgan Stanley lowered shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Monday, November 4th. BNP Paribas assumed coverage on shares of STMicroelectronics in a research report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 price objective on the stock. JPMorgan Chase & Co. restated a “neutral” rating on shares of STMicroelectronics in a research note on Monday, December 9th. Craig Hallum decreased their price target on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Barclays downgraded STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $33.40.

STMicroelectronics Stock Down 0.8 %

Shares of STM stock opened at $22.33 on Friday. The company has a 50 day simple moving average of $25.33 and a two-hundred day simple moving average of $28.28. The stock has a market cap of $20.17 billion, a P/E ratio of 9.18, a P/E/G ratio of 4.36 and a beta of 1.52. STMicroelectronics has a 12 month low of $21.96 and a 12 month high of $49.05. The company has a current ratio of 2.84, a quick ratio of 2.16 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STM) last announced its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. On average, research analysts expect that STMicroelectronics will post 1.64 earnings per share for the current year.

Institutional Investors Weigh In On STMicroelectronics

Several large investors have recently bought and sold shares of the business. ABC Arbitrage SA purchased a new position in shares of STMicroelectronics in the 4th quarter worth $1,543,000. Valeo Financial Advisors LLC bought a new position in shares of STMicroelectronics in the 4th quarter valued at about $253,000. Guided Capital Wealth Management LLC purchased a new position in STMicroelectronics in the fourth quarter worth about $385,000. Newbridge Financial Services Group Inc. bought a new stake in STMicroelectronics during the fourth quarter worth approximately $31,000. Finally, Clear Creek Financial Management LLC purchased a new stake in STMicroelectronics during the fourth quarter valued at approximately $468,000. Institutional investors own 5.05% of the company’s stock.

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.