STMicroelectronics N.V. (NYSE:STM) Receives $29.67 Consensus Target Price from Analysts

STMicroelectronics N.V. (NYSE:STM - Get Free Report) has been assigned a consensus rating of "Hold" from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $29.67.

STM has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of STMicroelectronics in a report on Friday, April 25th. Dbs Bank lowered shares of STMicroelectronics from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. TD Cowen upped their target price on shares of STMicroelectronics from $23.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, June 13th. Finally, Oddo Bhf raised shares of STMicroelectronics to an "outperform" rating in a report on Wednesday.

STMicroelectronics Stock Performance

NYSE:STM traded down $0.24 during trading hours on Friday, hitting $32.05. 1,096,507 shares of the company traded hands, compared to its average volume of 6,159,033. The stock has a market capitalization of $28.78 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 1.93 and a beta of 1.60. STMicroelectronics has a twelve month low of $17.25 and a twelve month high of $43.32. The firm has a 50-day moving average of $26.96 and a 200 day moving average of $24.85. The company has a current ratio of 3.05, a quick ratio of 2.24 and a debt-to-equity ratio of 0.11.

STMicroelectronics (NYSE:STM - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.55 billion. STMicroelectronics had a net margin of 8.94% and a return on equity of 6.28%. On average, analysts forecast that STMicroelectronics will post 0.85 EPS for the current year.

STMicroelectronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Tuesday, March 24th. STMicroelectronics's dividend payout ratio (DPR) is presently 26.27%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC boosted its stake in shares of STMicroelectronics by 148.4% in the 1st quarter. Acadian Asset Management LLC now owns 5,650,244 shares of the semiconductor producer's stock valued at $124,055,000 after purchasing an additional 3,375,428 shares during the last quarter. Invesco Ltd. raised its position in shares of STMicroelectronics by 188.1% in the 1st quarter. Invesco Ltd. now owns 5,093,785 shares of the semiconductor producer's stock valued at $111,860,000 after acquiring an additional 3,325,998 shares during the period. Two Sigma Investments LP raised its position in shares of STMicroelectronics by 19.4% in the 4th quarter. Two Sigma Investments LP now owns 4,475,384 shares of the semiconductor producer's stock valued at $111,750,000 after acquiring an additional 725,684 shares during the period. JPMorgan Chase & Co. raised its position in shares of STMicroelectronics by 131.5% in the 4th quarter. JPMorgan Chase & Co. now owns 3,413,356 shares of the semiconductor producer's stock valued at $85,232,000 after acquiring an additional 1,939,088 shares during the period. Finally, Voloridge Investment Management LLC raised its position in shares of STMicroelectronics by 39.2% in the 4th quarter. Voloridge Investment Management LLC now owns 3,330,616 shares of the semiconductor producer's stock valued at $83,165,000 after acquiring an additional 938,097 shares during the period. Institutional investors own 5.05% of the company's stock.

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.