Weiss Ratings Reaffirms Sell (D+) Rating for STMicroelectronics (NYSE:STM)

STMicroelectronics (NYSE:STM)‘s stock had its “sell (d+)” rating restated by equities researchers at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Several other equities analysts have also commented on STM. BNP Paribas raised shares of STMicroelectronics from a “hold” rating to an “outperform” rating in a research report on Thursday, September 4th. Oddo Bhf raised shares of STMicroelectronics to an “outperform” rating in a research report on Wednesday, July 2nd. BNP Paribas Exane upgraded shares of STMicroelectronics from a “neutral” rating to an “outperform” rating and set a $31.00 price objective for the company in a research note on Thursday, September 4th. TD Cowen decreased their price objective on shares of STMicroelectronics from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Friday. Finally, Citigroup reiterated a “buy” rating on shares of STMicroelectronics in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.19.

STMicroelectronics Stock Performance

NYSE:STM opened at $24.89 on Friday. STMicroelectronics has a 1-year low of $17.25 and a 1-year high of $33.47. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.74 and a quick ratio of 1.96. The firm has a 50 day simple moving average of $27.58 and a 200-day simple moving average of $26.85. The firm has a market cap of $22.35 billion, a PE ratio of 42.91, a P/E/G ratio of 5.20 and a beta of 1.66.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Thursday, October 23rd. The semiconductor producer reported $0.29 EPS for the quarter, topping the consensus estimate of $0.22 by $0.07. STMicroelectronics had a net margin of 4.55% and a return on equity of 4.07%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.18 billion. STMicroelectronics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts expect that STMicroelectronics will post 0.85 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC boosted its stake in shares of STMicroelectronics by 248.4% in the second quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock valued at $40,000 after purchasing an additional 929 shares during the period. Smartleaf Asset Management LLC raised its holdings in STMicroelectronics by 63.1% in the first quarter. Smartleaf Asset Management LLC now owns 2,167 shares of the semiconductor producer’s stock valued at $48,000 after acquiring an additional 838 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in STMicroelectronics in the second quarter valued at $57,000. IFP Advisors Inc raised its holdings in STMicroelectronics by 85.4% in the second quarter. IFP Advisors Inc now owns 2,269 shares of the semiconductor producer’s stock valued at $69,000 after acquiring an additional 1,045 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in STMicroelectronics by 396.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 3,197 shares of the semiconductor producer’s stock valued at $70,000 after acquiring an additional 2,553 shares in the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

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.