STMicroelectronics NV Receives Consensus Recommendation of “Hold” from Analysts (NYSE:STM)
Shares of STMicroelectronics NV (NYSE:STM) have been given a consensus recommendation of “Hold” by the thirteen analysts that are currently covering the stock, StockRatingsNetwork.com reports. Six investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $9.59.
A number of research firms have recently commented on STM. Analysts at Sanford C. Bernstein downgraded shares of STMicroelectronics NV from a “market perform” rating to an “underperform” rating in a research note on Tuesday, July 29th. Separately, analysts at Bernstein downgraded shares of STMicroelectronics NV from a “market perform” rating to an “underperform” rating in a research note on Tuesday, July 29th. They now have a $7.15 price target on the stock, down previously from $8.19. Finally, analysts at Zacks upgraded shares of STMicroelectronics NV from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 17th. They now have a $10.20 price target on the stock.
STMicroelectronics NV (NYSE:STM) opened at 8.04 on Wednesday. STMicroelectronics NV has a 52 week low of $7.20 and a 52 week high of $10.00. The stock’s 50-day moving average is $9.01 and its 200-day moving average is $8.9. The company’s market cap is $7.180 billion.
STMicroelectronics NV (NYSE:STM) last released its earnings data on Wednesday, July 23rd. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.01. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was down 8.9% on a year-over-year basis. Analysts expect that STMicroelectronics NV will post $0.20 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Wednesday, September 24th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Monday, September 22nd.
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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