STMicroelectronics (NYSE:STM) Given Consensus Rating of “Hold” by Analysts

STMicroelectronics (NYSE:STMGet Free Report) has received a consensus rating of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $34.11.

STM has been the subject of a number of research analyst reports. TD Cowen lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating and cut their price objective for the company from $32.00 to $25.00 in a report on Monday, January 13th. Robert W. Baird cut their target price on shares of STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Morgan Stanley cut shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. restated a “neutral” rating on shares of STMicroelectronics in a research report on Monday, December 9th. Finally, Susquehanna reiterated a “positive” rating and issued a $33.00 target price on shares of STMicroelectronics in a research report on Thursday, November 21st.

Get Our Latest Report on STMicroelectronics

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of STM. Van ECK Associates Corp boosted its position in shares of STMicroelectronics by 26.5% during the third quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer’s stock valued at $228,655,000 after buying an additional 1,719,257 shares during the period. Dimensional Fund Advisors LP grew its position in STMicroelectronics by 177.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,311,888 shares of the semiconductor producer’s stock valued at $90,806,000 after acquiring an additional 1,478,213 shares during the last quarter. Two Sigma Advisers LP increased its stake in STMicroelectronics by 674.2% in the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock worth $41,524,000 after purchasing an additional 1,216,300 shares during the period. Federated Hermes Inc. lifted its position in shares of STMicroelectronics by 128.1% during the second quarter. Federated Hermes Inc. now owns 648,403 shares of the semiconductor producer’s stock worth $25,469,000 after purchasing an additional 364,184 shares during the last quarter. Finally, Mediolanum International Funds Ltd purchased a new stake in shares of STMicroelectronics during the third quarter valued at $7,642,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Stock Up 3.0 %

STM opened at $25.43 on Friday. STMicroelectronics has a fifty-two week low of $23.66 and a fifty-two week high of $49.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.16 and a current ratio of 2.84. The stock has a market cap of $22.97 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 4.13 and a beta of 1.52. The firm’s fifty day moving average is $25.43 and its 200 day moving average is $29.25.

STMicroelectronics (NYSE:STMGet Free Report) last announced its quarterly earnings data on Thursday, October 31st. The semiconductor producer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the previous year, the business earned $1.16 earnings per share. The business’s revenue was down 26.6% on a year-over-year basis. On average, sell-side analysts forecast that STMicroelectronics will post 1.64 earnings per share for the current fiscal year.

STMicroelectronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.36 dividend on an annualized basis and a yield of 1.42%. STMicroelectronics’s dividend payout ratio (DPR) is presently 12.76%.

STMicroelectronics Company Profile

(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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