STMicroelectronics NV Given Consensus Recommendation of “Hold” by Analysts (NYSE:STM)
Shares of STMicroelectronics NV (NYSE:STM) have earned a consensus recommendation of “Hold” from the thirteen analysts that are covering the company, AnalystRatingsNetwork reports. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $9.68.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of STMicroelectronics NV from a “neutral” rating to a “sell” rating in a research note on Monday, June 2nd. Separately, analysts at HSBC downgraded shares of STMicroelectronics NV from a “neutral” rating to an “underweight” rating in a research note on Thursday, May 22nd. Finally, analysts at Natixis raised their price target on shares of STMicroelectronics NV from $10.20 to $10.60 in a research note on Wednesday, April 30th. They now have a “buy” rating on the stock.
Shares of STMicroelectronics NV (NYSE:STM) traded down 1.26% during mid-day trading on Friday, hitting $9.41. The stock had a trading volume of 124,573 shares. STMicroelectronics NV has a one year low of $7.20 and a one year high of $10.00. The stock has a 50-day moving average of $9.59 and a 200-day moving average of $8.73. The company’s market cap is $8.381 billion.
STMicroelectronics NV (NYSE:STM) last released its earnings data on Monday, April 28th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.03) by $0.02. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the company posted ($0.14) earnings per share. STMicroelectronics NV’s revenue was down 9.2% compared to the same quarter last year. Analysts expect that STMicroelectronics NV will post $0.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Stockholders of record on Wednesday, June 25th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Monday, June 23rd.
STMicroelectronics NV is a global independent semiconductor company that designs, develops, manufactures and markets a range of semiconductor products used in a variety of microelectronic applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems.
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