STMicroelectronics (NYSE:STM) Stock Rating Reaffirmed by William Blair

STMicroelectronics (NYSE:STM)‘s stock had its “market perform” rating reissued by William Blair in a research note issued on Friday, RTT News reports. William Blair also issued estimates for STMicroelectronics’ Q1 2025 earnings at $0.69 EPS.

Other analysts also recently issued research reports about the company. Berenberg Bank upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Craig Hallum dropped their price target on STMicroelectronics from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Susquehanna reiterated a “positive” rating and set a $55.00 price target on shares of STMicroelectronics in a research note on Monday, April 8th. StockNews.com downgraded STMicroelectronics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 31st. Finally, HSBC began coverage on STMicroelectronics in a research note on Thursday, February 22nd. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $50.75.

STMicroelectronics Trading Down 3.0 %

Shares of NYSE:STM opened at $41.33 on Friday. The business’s 50-day moving average is $43.75 and its 200 day moving average is $44.56. STMicroelectronics has a 1 year low of $37.21 and a 1 year high of $55.85. The firm has a market capitalization of $37.31 billion, a P/E ratio of 10.60, a P/E/G ratio of 2.85 and a beta of 1.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.17 and a quick ratio of 2.44.

STMicroelectronics (NYSE:STM) last announced its earnings results on Thursday, April 25th. The semiconductor producer reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.05). STMicroelectronics had a net margin of 22.30% and a return on equity of 23.52%. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the company earned $1.10 earnings per share. The company’s quarterly revenue was down 18.4% on a year-over-year basis. On average, research analysts predict that STMicroelectronics will post 2.99 earnings per share for the current fiscal year.

Institutional Trading of STMicroelectronics

A number of hedge funds have recently modified their holdings of the stock. Blue Trust Inc. boosted its position in STMicroelectronics by 11.2% during the fourth quarter. Blue Trust Inc. now owns 2,701 shares of the semiconductor producer’s stock worth $135,000 after purchasing an additional 272 shares in the last quarter. SG Americas Securities LLC purchased a new position in STMicroelectronics during the fourth quarter worth approximately $2,141,000. FMR LLC boosted its position in STMicroelectronics by 27.9% during the third quarter. FMR LLC now owns 589,282 shares of the semiconductor producer’s stock worth $25,433,000 after purchasing an additional 128,707 shares in the last quarter. Modera Wealth Management LLC boosted its position in STMicroelectronics by 5.7% during the third quarter. Modera Wealth Management LLC now owns 110,423 shares of the semiconductor producer’s stock worth $4,766,000 after purchasing an additional 5,957 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in STMicroelectronics by 8.7% during the third quarter. American Century Companies Inc. now owns 431,652 shares of the semiconductor producer’s stock worth $18,630,000 after purchasing an additional 34,443 shares in the last quarter. 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.