STMicroelectronics N.V. (STM) Receives Average Rating of “Hold” from Brokerages
STMicroelectronics N.V. (NYSE:STM) has earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $20.00.
Several brokerages recently commented on STM. Craig Hallum reaffirmed a “buy” rating and set a $20.00 price objective on shares of STMicroelectronics N.V. in a research note on Thursday, April 27th. Robert W. Baird boosted their price target on shares of STMicroelectronics N.V. from $15.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. Stifel Nicolaus cut shares of STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. Royal Bank Of Canada reissued a “sector perform” rating on shares of STMicroelectronics N.V. in a research note on Thursday, March 16th. Finally, Zacks Investment Research cut shares of STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th.
Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in STMicroelectronics N.V. by 362.4% in the first quarter. Renaissance Technologies LLC now owns 5,299,919 shares of the semiconductor producer’s stock worth $81,713,000 after buying an additional 4,153,795 shares in the last quarter. Acadian Asset Management LLC boosted its position in STMicroelectronics N.V. by 629.6% in the first quarter. Acadian Asset Management LLC now owns 3,807,959 shares of the semiconductor producer’s stock worth $58,870,000 after buying an additional 3,286,041 shares in the last quarter. Highbridge Capital Management LLC bought a new position in STMicroelectronics N.V. during the first quarter worth approximately $23,004,000. FMR LLC bought a new position in STMicroelectronics N.V. during the first quarter worth approximately $21,932,000. Finally, Parametric Portfolio Associates LLC boosted its position in STMicroelectronics N.V. by 13.1% in the first quarter. Parametric Portfolio Associates LLC now owns 732,394 shares of the semiconductor producer’s stock worth $11,323,000 after buying an additional 84,886 shares in the last quarter. 4.92% of the stock is owned by institutional investors and hedge funds.
STMicroelectronics N.V. (STM) traded down 2.707% during mid-day trading on Monday, hitting $14.555. 3,153,658 shares of the company traded hands. The firm has a market capitalization of $12.86 billion, a P/E ratio of 40.885 and a beta of 0.63. The firm has a 50 day moving average of $16.31 and a 200 day moving average of $14.31. STMicroelectronics N.V. has a one year low of $5.26 and a one year high of $17.34.
STMicroelectronics N.V. (NYSE:STM) last issued its quarterly earnings data on Thursday, April 27th. The semiconductor producer reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by $0.02. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.82 billion. STMicroelectronics N.V. had a net margin of 4.37% and a return on equity of 8.14%. STMicroelectronics N.V.’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) EPS. Equities research analysts expect that STMicroelectronics N.V. will post $0.77 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Tuesday, June 27th will be paid a $0.06 dividend. The ex-dividend date is Friday, June 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 1.60%. STMicroelectronics N.V.’s dividend payout ratio is presently 55.56%.
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About STMicroelectronics N.V.
STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.
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