STMicroelectronics (NYSE:STM) Receives $36.26 Average PT from Analysts

Shares of STMicroelectronics (NYSE:STM) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $36.26.

STM has been the topic of several analyst reports. Susquehanna reissued a “positive” rating and issued a $33.00 target price on shares of STMicroelectronics in a research note on Thursday, November 21st. Craig Hallum cut their price target on shares of STMicroelectronics from $42.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. StockNews.com lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of STMicroelectronics in a research note on Monday, December 9th. Finally, Morgan Stanley cut shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 4th.

Hedge Funds Weigh In On STMicroelectronics

A number of large investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of STMicroelectronics during the third quarter worth about $186,000. TD Private Client Wealth LLC lifted its stake in STMicroelectronics by 108.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock valued at $46,000 after acquiring an additional 809 shares in the last quarter. Main Management ETF Advisors LLC bought a new stake in STMicroelectronics in the 3rd quarter valued at approximately $1,500,000. Two Sigma Advisers LP boosted its position in STMicroelectronics by 674.2% during the 3rd quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock worth $41,524,000 after acquiring an additional 1,216,300 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of STMicroelectronics by 0.7% during the 3rd quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer’s stock worth $2,048,000 after acquiring an additional 493 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Trading Up 1.6 %

STM opened at $25.67 on Wednesday. The firm has a 50 day simple moving average of $26.28 and a 200 day simple moving average of $31.27. STMicroelectronics has a fifty-two week low of $23.95 and a fifty-two week high of $50.94. The company has a market cap of $23.19 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 3.20 and a beta of 1.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.16.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.27 billion. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. The business’s revenue for the quarter was down 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS. On average, sell-side analysts anticipate that STMicroelectronics will post 1.64 earnings per share for the current year.

STMicroelectronics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Tuesday, March 25th. STMicroelectronics’s payout ratio is presently 14.81%.

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.