STMicroelectronics N.V. (NYSE:STM - Get Free Report) has received a consensus rating of "Hold" from the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $29.67.
Several brokerages have commented on STM. TD Cowen increased their price target on STMicroelectronics from $23.00 to $30.00 and gave the company a "hold" rating in a report on Friday, June 13th. Dbs Bank downgraded STMicroelectronics from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. Oddo Bhf upgraded STMicroelectronics to an "outperform" rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of STMicroelectronics in a report on Friday, April 25th.
View Our Latest Stock Analysis on STM
Institutional Investors Weigh In On STMicroelectronics
A number of institutional investors have recently bought and sold shares of STM. Acadian Asset Management LLC boosted its stake in STMicroelectronics by 148.4% during the first quarter. Acadian Asset Management LLC now owns 5,650,244 shares of the semiconductor producer's stock worth $124,055,000 after buying an additional 3,375,428 shares in the last quarter. Invesco Ltd. raised its position in STMicroelectronics by 188.1% in the first quarter. Invesco Ltd. now owns 5,093,785 shares of the semiconductor producer's stock worth $111,860,000 after purchasing an additional 3,325,998 shares in the last quarter. JPMorgan Chase & Co. raised its position in STMicroelectronics by 131.5% in the fourth quarter. JPMorgan Chase & Co. now owns 3,413,356 shares of the semiconductor producer's stock worth $85,232,000 after purchasing an additional 1,939,088 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in STMicroelectronics by 576.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,920,774 shares of the semiconductor producer's stock worth $47,962,000 after purchasing an additional 1,636,707 shares in the last quarter. Finally, Analog Century Management LP acquired a new position in STMicroelectronics in the first quarter worth about $34,912,000. Institutional investors and hedge funds own 5.05% of the company's stock.
STMicroelectronics Stock Up 1.7%
NYSE:STM traded up $0.55 during mid-day trading on Friday, reaching $32.25. The stock had a trading volume of 4,742,527 shares, compared to its average volume of 6,178,592. The business's 50 day moving average is $26.96 and its 200 day moving average is $24.85. STMicroelectronics has a fifty-two week low of $17.25 and a fifty-two week high of $43.32. The stock has a market cap of $28.97 billion, a P/E ratio of 27.33, a PEG ratio of 1.93 and a beta of 1.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.05 and a quick ratio of 2.24.
STMicroelectronics (NYSE:STM - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. STMicroelectronics had a return on equity of 6.28% and a net margin of 8.94%. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.55 billion. As a group, sell-side analysts predict that STMicroelectronics will post 0.85 earnings per share for the current year.
STMicroelectronics Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.36 annualized dividend and a yield of 1.12%. STMicroelectronics's dividend payout ratio (DPR) is currently 26.27%.
About STMicroelectronics
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Get Free ReportSTMicroelectronics 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.
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