STMicroelectronics (NYSE:STM) Receives Average Recommendation of “Moderate Buy” from Analysts

STMicroelectronics (NYSE:STM) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $43.13.

A number of equities analysts have issued reports on STM shares. Morgan Stanley downgraded shares of STMicroelectronics from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. StockNews.com downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating in a report on Thursday, September 19th. TD Cowen cut their price objective on shares of STMicroelectronics from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Sanford C. Bernstein cut their price objective on shares of STMicroelectronics from $54.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. Finally, Craig Hallum cut their price objective on shares of STMicroelectronics from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, July 25th.

Institutional Trading of STMicroelectronics

A number of institutional investors have recently added to or reduced their stakes in the stock. Green Alpha Advisors LLC lifted its holdings in STMicroelectronics by 14.9% during the 3rd quarter. Green Alpha Advisors LLC now owns 22,737 shares of the semiconductor producer’s stock worth $676,000 after purchasing an additional 2,947 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its holdings in STMicroelectronics by 2.9% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 84,213 shares of the semiconductor producer’s stock worth $2,504,000 after purchasing an additional 2,364 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in STMicroelectronics during the 2nd quarter worth about $2,280,000. Creative Planning raised its holdings in shares of STMicroelectronics by 36.6% in the 2nd quarter. Creative Planning now owns 59,604 shares of the semiconductor producer’s stock valued at $2,341,000 after acquiring an additional 15,985 shares in the last quarter. Finally, Scientech Research LLC purchased a new stake in shares of STMicroelectronics in the 2nd quarter valued at about $381,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Down 0.7 %

STMicroelectronics stock opened at $27.99 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.56 and a current ratio of 3.35. STMicroelectronics has a 52-week low of $27.44 and a 52-week high of $51.27. The firm has a 50 day moving average price of $29.60 and a two-hundred day moving average price of $37.16. The firm has a market cap of $25.29 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 3.52 and a beta of 1.57.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Thursday, July 25th. The semiconductor producer reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.55 billion. STMicroelectronics had a net margin of 19.68% and a return on equity of 18.18%. STMicroelectronics’s quarterly revenue was down 25.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.06 EPS. Equities analysts predict that STMicroelectronics will post 1.64 EPS for the current year.

STMicroelectronics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.36 annualized dividend and a dividend yield of 1.29%. STMicroelectronics’s payout ratio is 7.69%.

About STMicroelectronics

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.