STMicroelectronics N.V. (NYSE:STM) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of STMicroelectronics N.V. (NYSE:STM) have earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $64.3889.

STM has been the subject of several recent analyst reports. Bank of America raised shares of STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Wednesday, June 10th. Susquehanna boosted their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, February 23rd. Robert W. Baird set a $90.00 price target on shares of STMicroelectronics in a report on Friday, April 24th. Craig Hallum raised shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Thursday, April 23rd. Finally, UBS Group set a $100.00 price target on shares of STMicroelectronics in a report on Wednesday, June 10th.

Institutional Investors Weigh In On STMicroelectronics

A number of large investors have recently modified their holdings of STM. Morgan Stanley grew its holdings in shares of STMicroelectronics by 40.6% during the fourth quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock worth $159,691,000 after buying an additional 1,778,113 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of STMicroelectronics during the fourth quarter worth $42,731,000. Invesco Ltd. grew its holdings in shares of STMicroelectronics by 67.1% during the third quarter. Invesco Ltd. now owns 4,003,933 shares of the semiconductor producer’s stock worth $113,151,000 after buying an additional 1,608,029 shares in the last quarter. Defiance ETFs LLC purchased a new stake in shares of STMicroelectronics during the fourth quarter worth $39,545,000. Finally, Two Sigma Investments LP grew its holdings in shares of STMicroelectronics by 135.0% during the third quarter. Two Sigma Investments LP now owns 2,322,540 shares of the semiconductor producer’s stock worth $65,635,000 after buying an additional 1,334,192 shares in the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Price Performance

Shares of NYSE STM opened at $78.40 on Friday. The firm has a market cap of $70.41 billion, a PE ratio of 490.02 and a beta of 1.94. The firm has a fifty day moving average of $61.32 and a 200 day moving average of $41.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.34 and a current ratio of 3.31. STMicroelectronics has a one year low of $21.11 and a one year high of $81.42.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. The company had revenue of $3.10 billion during the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. As a group, research analysts predict that STMicroelectronics will post 1.17 EPS for the current fiscal year.

STMicroelectronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 22nd. STMicroelectronics’s payout ratio is presently 193.75%.

About STMicroelectronics

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.