Rating Alert: Credit Suisse Group Cuts STMicroelectronics (EPA:STM) To “Underperform”

November 25, 2016 - By Ruchi Gupta

Rating Alert: Credit Suisse Group Cuts STMicroelectronics (EPA:STM) To

STMicroelectronics (EPA:STM) Downgrade

STMicroelectronics (EPA:STM) was decreased by Credit Suisse Group to a “Underperform” rating in a a report shared with investors and clients on Friday morning.

STMicroelectronics NV (EPA:STM) Ratings Coverage

Out of 11 analysts covering STMicroelectronics (EPA:STM), 3 rate it a “Buy”, 5 “Sell”, while 3 “Hold”. This means 27% are positive. €10 is the highest target while €4.50 is the lowest. The €6.97 average target is -24.65% below today’s (€9.25) stock price. STMicroelectronics has been the topic of 28 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Friday, September 9 by Citigroup. The rating was downgraded by Deutsche Bank to “Sell” on Friday, June 24. The company was downgraded on Saturday, September 3 by Bank of America. The stock has “Neutral” rating given by Citigroup on Saturday, September 5. On Friday, April 29 the stock rating was maintained by Citigroup with “Neutral”. As per Tuesday, October 13, the company rating was downgraded by JP Morgan. Deutsche Bank downgraded the stock to “Sell” rating in Thursday, September 10 report. The firm earned “Underweight” rating on Tuesday, January 26 by JP Morgan. The rating was downgraded by JP Morgan on Wednesday, June 22 to “Underweight”. The stock has “Sell” rating given by Deutsche Bank on Thursday, July 14.

About 695,959 shares traded hands. STMicroelectronics NV (EPA:STM) has risen 69.76% since April 22, 2016 and is uptrending. It has outperformed by 64.35% the S&P500.

Analysts await STMicroelectronics NV (ADR) (NYSE:STM) to report earnings on January, 25. STM’s profit will be $137.85M for 16.47 P/E if the $0.15 EPS becomes a reality. After $0.11 actual EPS reported by STMicroelectronics NV (ADR) for the previous quarter, Wall Street now forecasts 36.36% EPS growth.

STMicroelectronics N.V. is a global semiconductor company. The company has a market cap of 8.49 billion EUR. The Firm is focused on Smart Driving, enabled by digitalization and electrification of the car, and the Internet of Things, including portable and wearable systems, as well as smart home, city and industry applications. It has a 57.62 P/E ratio. The Company’s divisions include Automotive and Discrete Group , Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG) and Others.

According to Zacks Investment Research, “STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems.”

STM Company Profile

STMicroelectronics N.V., incorporated on May 21, 1987, is a global semiconductor company. The Firm is focused on Smart Driving, enabled by digitalization and electrification of the car, and the Internet of Things, including portable and wearable systems, as well as smart home, city and industry applications. The Company’s divisions include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others. The Firm designs, develops, makes and markets a range of semiconductor products, including discrete and standard commodity components, application-specific integrated circuits (ASICs), custom devices and semi-custom devices and application-specific standard products (ASSPs) for analog, digital and mixed-signal applications. The Firm participates in the manufacturing value chain of smartcard products, which include the production and sale of both silicon chips and smartcards.

Another recent and important STMicroelectronics NV (EPA:STM) news was published by Streetinsider.com which published an article titled: “STMicroelectronics N.V. (STM) Misses Q3 EPS by 4c” on October 27, 2016.

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