STMicroelectronics (NYSE:STM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

STMicroelectronics (NYSE:STM) has received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $36.26.

Several research analysts recently weighed in on the company. Citigroup raised STMicroelectronics to a “strong-buy” rating in a research report on Thursday, October 10th. Morgan Stanley lowered STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 4th. Susquehanna reaffirmed a “positive” rating and issued a $33.00 target price on shares of STMicroelectronics in a research report on Thursday, November 21st. Craig Hallum cut their target price on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, StockNews.com lowered STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th.

STMicroelectronics Trading Down 2.7 %

Shares of STMicroelectronics stock opened at $24.60 on Friday. STMicroelectronics has a fifty-two week low of $23.94 and a fifty-two week high of $49.05. The firm has a market cap of $22.22 billion, a PE ratio of 10.12, a P/E/G ratio of 3.20 and a beta of 1.52. The business’s fifty day moving average is $25.62 and its two-hundred day moving average is $29.77. The company has a quick ratio of 2.16, a current ratio of 2.84 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.27 billion. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The business’s quarterly revenue was down 26.6% on a year-over-year basis. During the same period last year, the company posted $1.16 EPS. Analysts anticipate that STMicroelectronics will post 1.64 earnings per share for the current year.

STMicroelectronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $0.36 annualized dividend and a yield of 1.46%. STMicroelectronics’s dividend payout ratio is currently 14.81%.

Institutional Trading of STMicroelectronics

Several large investors have recently modified their holdings of STM. Van ECK Associates Corp grew its stake in shares of STMicroelectronics by 26.5% during the third quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer’s stock valued at $228,655,000 after acquiring an additional 1,719,257 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of STMicroelectronics by 177.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,311,888 shares of the semiconductor producer’s stock valued at $90,806,000 after acquiring an additional 1,478,213 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of STMicroelectronics by 674.2% during the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock valued at $41,524,000 after acquiring an additional 1,216,300 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of STMicroelectronics by 128.1% during the second quarter. Federated Hermes Inc. now owns 648,403 shares of the semiconductor producer’s stock valued at $25,469,000 after acquiring an additional 364,184 shares in the last quarter. Finally, Mediolanum International Funds Ltd acquired a new stake in shares of STMicroelectronics during the third quarter valued at about $7,642,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

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.