STMicroelectronics N.V. (STM) Lowered to “Buy” at BidaskClub
STMicroelectronics N.V. (NYSE:STM) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Royal Bank Of Canada reissued a “sector perform” rating on shares of STMicroelectronics N.V. in a research report on Thursday, March 16th. Stifel Nicolaus downgraded shares of STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a research report on Monday, May 15th. Robert W. Baird increased their target price on shares of STMicroelectronics N.V. from $15.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Finally, Craig Hallum reissued a “buy” rating and set a $20.00 target price on shares of STMicroelectronics N.V. in a research report on Thursday, April 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.89.
Shares of STMicroelectronics N.V. (NYSE STM) traded down 1.203% on Tuesday, hitting $14.375. The company’s stock had a trading volume of 4,613,311 shares. The stock has a market capitalization of $12.70 billion, a P/E ratio of 40.379 and a beta of 0.63. STMicroelectronics N.V. has a 52 week low of $5.26 and a 52 week high of $17.34. The stock’s 50 day moving average price is $16.31 and its 200 day moving average price is $14.31.
STMicroelectronics N.V. (NYSE:STM) last posted its quarterly earnings results on Thursday, April 27th. The semiconductor producer reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.02. STMicroelectronics N.V. had a return on equity of 8.14% and a net margin of 4.37%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company posted ($0.02) earnings per share. The company’s revenue was up 12.9% compared to the same quarter last year. On average, analysts forecast that STMicroelectronics N.V. will post $0.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Tuesday, June 27th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Friday, June 23rd. STMicroelectronics N.V.’s dividend payout ratio (DPR) is 55.56%.
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A number of large investors have recently added to or reduced their stakes in the stock. FNY Partners Fund LP purchased a new stake in STMicroelectronics N.V. during the first quarter worth about $291,000. Driehaus Capital Management LLC purchased a new stake in STMicroelectronics N.V. during the first quarter worth about $175,000. Jane Street Group LLC boosted its stake in STMicroelectronics N.V. by 74.8% in the first quarter. Jane Street Group LLC now owns 146,237 shares of the semiconductor producer’s stock worth $2,261,000 after buying an additional 62,592 shares during the period. Symmetry Peak Management LLC purchased a new stake in STMicroelectronics N.V. during the first quarter worth about $696,000. Finally, Highbridge Capital Management LLC purchased a new stake in STMicroelectronics N.V. during the first quarter worth about $23,004,000. Institutional investors own 4.92% of the company’s stock.
STMicroelectronics N.V. Company Profile
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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