STMicroelectronics N.V. (STM) Given Average Recommendation of “Buy” by Brokerages
Shares of STMicroelectronics N.V. (NYSE:STM) have been assigned an average recommendation of “Buy” from the ten brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $17.25.
Several research firms have recently commented on STM. Zacks Investment Research lowered STMicroelectronics N.V. from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. BidaskClub raised shares of STMicroelectronics N.V. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Craig Hallum reissued a “buy” rating on shares of STMicroelectronics N.V. in a report on Wednesday, September 13th. J P Morgan Chase & Co raised shares of STMicroelectronics N.V. from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 11th. Finally, Stifel Nicolaus raised shares of STMicroelectronics N.V. from a “hold” rating to a “buy” rating and dropped their price objective for the company from $14.84 to $14.50 in a report on Tuesday, June 27th.
Several institutional investors have recently made changes to their positions in STM. Eqis Capital Management Inc. grew its holdings in shares of STMicroelectronics N.V. by 29.1% during the 3rd quarter. Eqis Capital Management Inc. now owns 28,632 shares of the semiconductor producer’s stock worth $556,000 after purchasing an additional 6,456 shares during the period. Ardsley Advisory Partners increased its position in shares of STMicroelectronics N.V. by 11.8% during the 2nd quarter. Ardsley Advisory Partners now owns 425,000 shares of the semiconductor producer’s stock worth $6,120,000 after purchasing an additional 45,000 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of STMicroelectronics N.V. during the 2nd quarter worth about $156,000. Adalta Capital Management LLC acquired a new stake in shares of STMicroelectronics N.V. during the 2nd quarter worth about $378,000. Finally, Strategic Wealth Advisors Group LLC acquired a new stake in shares of STMicroelectronics N.V. during the 2nd quarter worth about $1,754,000. 5.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of STMicroelectronics N.V. (NYSE:STM) traded down 0.075% during trading on Wednesday, reaching $19.905. 2,040,729 shares of the company traded hands. STMicroelectronics N.V. has a 52 week low of $7.81 and a 52 week high of $20.04. The stock has a market capitalization of $17.67 billion, a PE ratio of 40.706 and a beta of 0.70. The firm has a 50 day moving average of $18.25 and a 200 day moving average of $16.49.
STMicroelectronics N.V. (NYSE:STM) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor producer reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. STMicroelectronics N.V. had a return on equity of 10.60% and a net margin of 5.97%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm posted $0.03 EPS. On average, equities analysts predict that STMicroelectronics N.V. will post $0.82 EPS for the current year.
STMicroelectronics N.V. declared that its Board of Directors has approved a stock buyback plan on Thursday, June 22nd that allows the company to repurchase $297.00 million in outstanding shares. This repurchase authorization allows the semiconductor producer to buy up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 26th. Shareholders of record on Tuesday, September 19th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, September 18th. This represents a $0.24 annualized dividend and a yield of 1.20%. STMicroelectronics N.V.’s dividend payout ratio (DPR) is 40.00%.
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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