STMicroelectronics (NYSE:STM) Receives $30.97 Consensus Target Price from Analysts

Shares of STMicroelectronics (NYSE:STMGet Free Report) have received an average rating of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $31.97.

STM has been the subject of a number of research analyst reports. Dbs Bank downgraded STMicroelectronics from a “strong-buy” rating to a “hold” rating in a report on Monday, April 28th. Jefferies Financial Group upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a research note on Friday, April 25th. Finally, TD Cowen boosted their price objective on STMicroelectronics from $23.00 to $30.00 and gave the company a “hold” rating in a research note on Friday.

View Our Latest Analysis on STM

Institutional Investors Weigh In On STMicroelectronics

Large investors have recently modified their holdings of the stock. Callan Family Office LLC purchased a new position in STMicroelectronics in the fourth quarter worth $486,000. Raymond James Financial Inc. acquired a new position in shares of STMicroelectronics during the 4th quarter worth $1,738,000. Schechter Investment Advisors LLC purchased a new position in shares of STMicroelectronics in the 4th quarter valued at about $758,000. Aigen Investment Management LP increased its position in shares of STMicroelectronics by 100.5% in the fourth quarter. Aigen Investment Management LP now owns 77,986 shares of the semiconductor producer’s stock valued at $1,947,000 after buying an additional 39,082 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of STMicroelectronics by 54.9% in the fourth quarter. US Bancorp DE now owns 67,969 shares of the semiconductor producer’s stock valued at $1,697,000 after buying an additional 24,096 shares in the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

Shares of STM opened at $29.20 on Wednesday. The stock has a 50 day moving average price of $24.15 and a 200 day moving average price of $24.42. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $26.23 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. STMicroelectronics has a 52-week low of $17.25 and a 52-week high of $43.35.

STMicroelectronics (NYSE:STMGet Free Report) last announced its quarterly earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. Research analysts predict that STMicroelectronics will post 0.85 EPS for the current fiscal year.

STMicroelectronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, March 24th. STMicroelectronics’s dividend payout ratio (DPR) is presently 25.42%.

About STMicroelectronics

(Get Free Report

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.

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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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