STMicroelectronics (NYSE:STM) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of STMicroelectronics (NYSE:STMGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $50.75.

A number of research analysts have issued reports on STM shares. StockNews.com lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. HSBC started coverage on STMicroelectronics in a research note on Thursday, February 22nd. They set a “buy” rating on the stock. Craig Hallum reduced their price objective on STMicroelectronics from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Susquehanna reissued a “positive” rating and set a $55.00 price target on shares of STMicroelectronics in a research report on Monday, April 8th. Finally, William Blair reaffirmed a “market perform” rating on shares of STMicroelectronics in a report on Friday, April 26th.

Check Out Our Latest Analysis on STM

Hedge Funds Weigh In On STMicroelectronics

A number of large investors have recently bought and sold shares of STM. Commonwealth Equity Services LLC lifted its position in STMicroelectronics by 7.3% during the third quarter. Commonwealth Equity Services LLC now owns 24,086 shares of the semiconductor producer’s stock worth $1,040,000 after buying an additional 1,639 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in STMicroelectronics by 19.1% during the 3rd quarter. Mackenzie Financial Corp now owns 8,222 shares of the semiconductor producer’s stock worth $346,000 after buying an additional 1,318 shares in the last quarter. Advisor Partners II LLC grew its stake in shares of STMicroelectronics by 12.7% in the third quarter. Advisor Partners II LLC now owns 10,705 shares of the semiconductor producer’s stock worth $462,000 after acquiring an additional 1,205 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of STMicroelectronics by 48.6% during the third quarter. Park Avenue Securities LLC now owns 20,767 shares of the semiconductor producer’s stock worth $896,000 after acquiring an additional 6,794 shares during the period. Finally, Inspire Advisors LLC raised its position in STMicroelectronics by 5.4% in the 3rd quarter. Inspire Advisors LLC now owns 8,010 shares of the semiconductor producer’s stock valued at $346,000 after purchasing an additional 410 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Trading Up 0.0 %

Shares of NYSE STM opened at $40.52 on Tuesday. The stock has a market capitalization of $36.58 billion, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 3.80 and a beta of 1.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 2.58. The business has a fifty day moving average price of $42.57 and a 200 day moving average price of $44.46. STMicroelectronics has a 1-year low of $37.21 and a 1-year high of $55.85.

STMicroelectronics (NYSE:STMGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The semiconductor producer reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). STMicroelectronics had a return on equity of 22.95% and a net margin of 22.30%. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the previous year, the firm earned $1.10 EPS. The firm’s quarterly revenue was down 18.4% on a year-over-year basis. Equities research analysts expect that STMicroelectronics will post 2.13 EPS for the current fiscal year.

STMicroelectronics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.89%. The ex-dividend date is Tuesday, June 25th. This is a positive change from STMicroelectronics’s previous quarterly dividend of $0.06. STMicroelectronics’s dividend payout ratio (DPR) is currently 5.13%.

STMicroelectronics Company Profile

(Get Free Report

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.

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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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