STMicroelectronics N.V. (STM) Given Consensus Rating of “Hold” by Brokerages
Shares of STMicroelectronics N.V. (NYSE:STM) have been assigned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $18.17.
A number of equities analysts have commented on STM shares. Robert W. Baird boosted their price objective on STMicroelectronics N.V. from $15.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. BidaskClub downgraded STMicroelectronics N.V. from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Stifel Nicolaus upgraded STMicroelectronics N.V. from a “hold” rating to a “buy” rating and dropped their target price for the stock from $14.84 to $14.50 in a research report on Tuesday, June 27th. Zacks Investment Research downgraded STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Finally, J P Morgan Chase & Co upgraded STMicroelectronics N.V. from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 11th.
STMicroelectronics N.V. (NYSE STM) traded down 0.85% during midday trading on Friday, reaching $16.39. The company’s stock had a trading volume of 2,320,231 shares. The firm has a market capitalization of $14.48 billion, a PE ratio of 46.04 and a beta of 0.63. STMicroelectronics N.V. has a 1-year low of $6.25 and a 1-year high of $17.34. The firm has a 50 day moving average price of $15.56 and a 200 day moving average price of $14.93.
STMicroelectronics N.V. (NYSE:STM) last posted its quarterly earnings data on Thursday, April 27th. The semiconductor producer reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.82 billion. STMicroelectronics N.V. had a return on equity of 8.14% and a net margin of 4.37%. STMicroelectronics N.V.’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.02) EPS. On average, analysts predict that STMicroelectronics N.V. will post $0.77 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Tuesday, June 27th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, June 23rd. This represents a $0.24 annualized dividend and a dividend yield of 1.45%. STMicroelectronics N.V.’s dividend payout ratio is currently 55.56%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of STMicroelectronics N.V. by 114.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,808 shares of the semiconductor producer’s stock valued at $121,000 after buying an additional 4,175 shares during the period. Financial Architects Inc bought a new position in shares of STMicroelectronics N.V. during the first quarter valued at approximately $123,000. Quadrant Capital Group LLC boosted its position in shares of STMicroelectronics N.V. by 388.3% in the first quarter. Quadrant Capital Group LLC now owns 8,672 shares of the semiconductor producer’s stock valued at $131,000 after buying an additional 6,896 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of STMicroelectronics N.V. by 20.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,607 shares of the semiconductor producer’s stock valued at $119,000 after buying an additional 1,771 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of STMicroelectronics N.V. by 4,233.5% in the first quarter. IFP Advisors Inc now owns 10,877 shares of the semiconductor producer’s stock valued at $168,000 after buying an additional 10,626 shares during the period. 4.92% of the stock is owned by institutional investors.
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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