STMicroelectronics (NYSE:STM - Get Free Report) has earned an average recommendation of "Hold" from the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $30.97.
A number of equities analysts recently commented on STM shares. Jefferies Financial Group upgraded STMicroelectronics from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of STMicroelectronics in a research report on Friday, April 25th. Dbs Bank cut shares of STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 28th. TD Cowen increased their price target on shares of STMicroelectronics from $18.00 to $23.00 and gave the stock a "hold" rating in a research note on Friday, April 25th. Finally, Morgan Stanley upgraded shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a report on Thursday, February 13th.
Get Our Latest Stock Report on STMicroelectronics
STMicroelectronics Price Performance
NYSE:STM traded up $0.15 during midday trading on Wednesday, hitting $30.04. The company had a trading volume of 2,891,429 shares, compared to its average volume of 5,941,398. The company has a market capitalization of $26.98 billion, a PE ratio of 18.10, a P/E/G ratio of 1.16 and a beta of 1.56. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. STMicroelectronics has a 52-week low of $17.25 and a 52-week high of $45.39. The stock's fifty day moving average price is $23.70 and its 200-day moving average price is $24.37.
STMicroelectronics (NYSE:STM - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. As a group, research analysts expect that STMicroelectronics will post 0.85 earnings per share for the current year.
STMicroelectronics Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, March 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.20%. STMicroelectronics's payout ratio is 25.42%.
Hedge Funds Weigh In On STMicroelectronics
Institutional investors have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. purchased a new stake in STMicroelectronics in the fourth quarter worth about $31,000. Smartleaf Asset Management LLC lifted its position in shares of STMicroelectronics by 225.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock worth $33,000 after purchasing an additional 921 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of STMicroelectronics by 139.6% during the first quarter. Farther Finance Advisors LLC now owns 1,862 shares of the semiconductor producer's stock valued at $41,000 after purchasing an additional 1,085 shares in the last quarter. Rakuten Securities Inc. increased its holdings in STMicroelectronics by 197.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock valued at $44,000 after buying an additional 1,180 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in STMicroelectronics during the fourth quarter valued at approximately $53,000. Hedge funds and other institutional investors own 5.05% of the company's stock.
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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