STMicroelectronics N.V. (NYSE:STM) has been given an average rating of “Buy” by the ten analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $18.17.

Several brokerages recently weighed in on STM. Zacks Investment Research downgraded STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub raised STMicroelectronics N.V. from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. J P Morgan Chase & Co raised STMicroelectronics N.V. from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 11th. Finally, Stifel Nicolaus raised STMicroelectronics N.V. from a “hold” rating to a “buy” rating and reduced their target price for the company from $14.84 to $14.50 in a report on Tuesday, June 27th.

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Several large investors have recently added to or reduced their stakes in STM. Renaissance Technologies LLC raised its stake in shares of STMicroelectronics N.V. by 362.4% during the 1st 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 during the last quarter. Highbridge Capital Management LLC acquired a new position in shares of STMicroelectronics N.V. during the 1st quarter worth $23,004,000. FMR LLC acquired a new position in shares of STMicroelectronics N.V. during the 1st quarter worth $21,932,000. JPMorgan Chase & Co. raised its stake in shares of STMicroelectronics N.V. by 1,004.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,301,673 shares of the semiconductor producer’s stock worth $18,718,000 after buying an additional 1,183,788 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of STMicroelectronics N.V. by 17.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 7,734,651 shares of the semiconductor producer’s stock worth $111,224,000 after buying an additional 1,151,164 shares during the last quarter. 5.29% of the stock is owned by institutional investors and hedge funds.

STMicroelectronics N.V. (NYSE STM) traded down 0.32% during trading on Friday, hitting $18.68. 6,675,040 shares of the company traded hands. The firm has a market cap of $16.58 billion, a price-to-earnings ratio of 38.20 and a beta of 0.64. The company’s 50-day moving average is $17.09 and its 200 day moving average is $16.00. STMicroelectronics N.V. has a 52-week low of $7.39 and a 52-week high of $18.88.

STMicroelectronics N.V. (NYSE:STM) last issued its quarterly earnings results on Wednesday, July 26th. The semiconductor producer reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.01. STMicroelectronics N.V. had a return on equity of 10.60% and a net margin of 5.97%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the business earned $0.03 earnings per share. STMicroelectronics N.V.’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, equities analysts anticipate that STMicroelectronics N.V. will post $0.82 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Tuesday, September 19th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Monday, September 18th. STMicroelectronics N.V.’s dividend payout ratio (DPR) is presently 40.00%.

STMicroelectronics N.V. declared that its board has initiated a stock repurchase program on Thursday, June 22nd that permits the company to buyback $297.00 million in shares. This buyback authorization permits the semiconductor producer to reacquire up to 2.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.

Analyst Recommendations for STMicroelectronics N.V. (NYSE:STM)

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