STMicroelectronics (STM) Getting Somewhat Positive News Coverage, Analysis Finds

Media coverage about STMicroelectronics (NYSE:STM) has been trending somewhat positive recently, InfoTrie reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. STMicroelectronics earned a coverage optimism score of 1.44 on their scale. InfoTrie also gave news headlines about the semiconductor producer an news buzz score of 1 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the headlines that may have effected STMicroelectronics’ analysis:

Several equities research analysts recently commented on STM shares. Deutsche Bank raised STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, September 26th. Craig Hallum decreased their target price on STMicroelectronics from $28.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, October 24th. Baader Bank reaffirmed a “hold” rating on shares of STMicroelectronics in a research note on Wednesday, October 24th. Zacks Investment Research raised STMicroelectronics from a “sell” rating to a “hold” rating in a research note on Saturday, October 27th. Finally, Goldman Sachs Group reissued a “hold” rating on shares of STMicroelectronics in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.48.

STMicroelectronics stock traded down $0.08 during mid-day trading on Friday, reaching $14.81. The stock had a trading volume of 3,000,099 shares, compared to its average volume of 5,230,894. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.81 and a current ratio of 2.54. STMicroelectronics has a fifty-two week low of $13.56 and a fifty-two week high of $26.43. The stock has a market capitalization of $13.59 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Wednesday, October 24th. The semiconductor producer reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. STMicroelectronics had a return on equity of 21.97% and a net margin of 12.41%. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the firm posted $0.28 earnings per share. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. Research analysts forecast that STMicroelectronics will post 1.39 EPS for the current year.

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About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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