STMicroelectronics (NYSE:STM) Receives $30.97 Consensus Price Target from Brokerages

Shares of STMicroelectronics (NYSE:STM - Get Free Report) have been given an average rating of "Hold" by the fifteen ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $31.97.

STM has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of STMicroelectronics in a research note on Friday, April 25th. Dbs Bank cut STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 28th. Jefferies Financial Group raised STMicroelectronics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, TD Cowen lifted their target price on STMicroelectronics from $23.00 to $30.00 and gave the company a "hold" rating in a research note on Friday.

STMicroelectronics Trading Down 2.4%

NYSE STM traded down $0.71 during mid-day trading on Wednesday, hitting $29.20. The company's stock had a trading volume of 7,875,926 shares, compared to its average volume of 5,997,131. STMicroelectronics has a 52-week low of $17.25 and a 52-week high of $43.35. The stock's fifty day simple moving average is $24.15 and its two-hundred day simple moving average is $24.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. The firm has a market capitalization of $26.23 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56.

STMicroelectronics (NYSE:STM - Get Free Report) last released its quarterly earnings results 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. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. Research analysts expect that STMicroelectronics will post 0.85 EPS for the current year.

STMicroelectronics Announces Dividend

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 dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.36 annualized dividend and a dividend yield of 1.23%. STMicroelectronics's dividend payout ratio is currently 25.42%.

Institutional Trading of STMicroelectronics

Several institutional investors have recently added to or reduced their stakes in STM. Deutsche Bank AG increased its holdings in STMicroelectronics by 14.5% in the 4th quarter. Deutsche Bank AG now owns 3,682 shares of the semiconductor producer's stock worth $92,000 after purchasing an additional 466 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in STMicroelectronics by 4.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,280 shares of the semiconductor producer's stock worth $307,000 after acquiring an additional 539 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of STMicroelectronics by 16.0% in the fourth quarter. Russell Investments Group Ltd. now owns 5,069 shares of the semiconductor producer's stock valued at $127,000 after purchasing an additional 700 shares in the last quarter. Gallacher Capital Management LLC increased its position in shares of STMicroelectronics by 5.0% during the first quarter. Gallacher Capital Management LLC now owns 14,746 shares of the semiconductor producer's stock valued at $324,000 after acquiring an additional 702 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of STMicroelectronics by 63.1% during the first quarter. Smartleaf Asset Management LLC now owns 2,167 shares of the semiconductor producer's stock valued at $48,000 after acquiring an additional 838 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors.

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.