STMicroelectronics (NYSE:STM) Receives Average Recommendation of “Moderate Buy” from Analysts

STMicroelectronics (NYSE:STM) has received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $36.26.

Several analysts recently weighed in on STM shares. StockNews.com downgraded STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. Craig Hallum reduced their price objective on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of STMicroelectronics in a research report on Monday, December 9th. Susquehanna reissued a “positive” rating and issued a $33.00 price target on shares of STMicroelectronics in a report on Thursday, November 21st. Finally, BNP Paribas assumed coverage on shares of STMicroelectronics in a report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 price objective on the stock.

Hedge Funds Weigh In On STMicroelectronics

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Truvestments Capital LLC bought a new position in STMicroelectronics during the 3rd quarter valued at about $25,000. Archer Investment Corp bought a new position in shares of STMicroelectronics in the third quarter valued at approximately $30,000. Waldron Private Wealth LLC acquired a new position in shares of STMicroelectronics in the 3rd quarter worth approximately $34,000. TD Private Client Wealth LLC grew its position in STMicroelectronics by 108.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock worth $46,000 after acquiring an additional 809 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in STMicroelectronics by 144.2% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,243 shares of the semiconductor producer’s stock valued at $49,000 after purchasing an additional 734 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Trading Up 0.8 %

Shares of STM stock opened at $25.87 on Wednesday. STMicroelectronics has a 12 month low of $23.95 and a 12 month high of $50.94. The company has a market cap of $23.37 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 3.20 and a beta of 1.53. The company has a quick ratio of 2.16, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $26.56 and its two-hundred day moving average is $31.93.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.27 billion. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. STMicroelectronics’s quarterly revenue was down 26.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 EPS. Equities analysts predict that STMicroelectronics will post 1.64 EPS for the current year.

STMicroelectronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, March 25th. STMicroelectronics’s dividend payout ratio (DPR) is presently 12.35%.

STMicroelectronics Company Profile

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.