STMicroelectronics (NYSE:STM) Receives $36.26 Consensus Price Target from Brokerages

Shares of STMicroelectronics (NYSE:STM) have received a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $36.26.

Several research firms recently weighed in on STM. Morgan Stanley cut shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 4th. Robert W. Baird reduced their price objective on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. restated a “neutral” rating on shares of STMicroelectronics in a research report on Monday, December 9th. Citigroup raised STMicroelectronics to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, StockNews.com lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a report on Thursday, September 19th.

Hedge Funds Weigh In On STMicroelectronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in shares of STMicroelectronics in the third quarter valued at approximately $25,000. Archer Investment Corp acquired a new stake in STMicroelectronics during the 3rd quarter valued at $30,000. Waldron Private Wealth LLC bought a new position in STMicroelectronics in the 3rd quarter valued at $34,000. Whittier Trust Co. of Nevada Inc. boosted its stake in STMicroelectronics by 144.2% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,243 shares of the semiconductor producer’s stock worth $49,000 after purchasing an additional 734 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new stake in shares of STMicroelectronics during the second quarter worth $51,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

STMicroelectronics Stock Performance

Shares of NYSE STM opened at $24.61 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 $22.23 billion, a P/E ratio of 10.13, a P/E/G ratio of 3.20 and a beta of 1.53. The business’s 50 day moving average is $26.36 and its two-hundred day moving average is $31.63. 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 announced its earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. STMicroelectronics’s revenue was down 26.6% compared to the same quarter last year. On average, equities analysts expect that STMicroelectronics will post 1.64 EPS for the current year.

STMicroelectronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, March 25th. STMicroelectronics’s dividend payout ratio (DPR) is currently 14.81%.

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.