Zacks Investment Research lowered shares of STMicroelectronics (NYSE:STM – Get Rating) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports. According to Zacks, “STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete […]
StockNews.com started coverage on shares of STMicroelectronics (NYSE:STM – Get Rating) in a report published on Thursday morning. The firm issued a strong-buy rating on the semiconductor producer’s stock. Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of STMicroelectronics from a strong-buy rating to a hold […]
STMicroelectronics N.V.(NYSE:STM): Backed by government funding and corporate investment, the semiconductor chip industry is making a comeback. Analysts expect accelerated capacity additions will ease the shortage in the coming months. And we think the industry’s growth potential, and the sky-high demand, should allow well-established chip makers STMicroelectronics (STM) and United Microelectronics (UMC) to achieve significant growth in the near term. So, these stocks could be solid bets now. Read on.