STMicroelectronics (NYSE:STM) Given Average Rating of “Moderate Buy” by Brokerages

Shares of STMicroelectronics (NYSE:STM) have earned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $36.26.

Several analysts have commented on STM shares. Robert W. Baird reduced their price objective on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Susquehanna reaffirmed a “positive” rating and set a $33.00 price objective on shares of STMicroelectronics in a research note on Thursday, November 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of STMicroelectronics in a research note on Monday, December 9th. Morgan Stanley downgraded STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 4th. Finally, BNP Paribas began coverage on STMicroelectronics in a research report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 target price on the stock.

STMicroelectronics Stock Down 2.7 %

STMicroelectronics stock opened at $24.60 on Friday. STMicroelectronics has a fifty-two week low of $23.94 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 company has a market capitalization of $22.22 billion, a P/E ratio of 10.12, a PEG ratio of 3.20 and a beta of 1.52. The stock has a 50-day simple moving average of $25.62 and a 200-day simple moving average of $29.77.

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

STMicroelectronics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Tuesday, March 25th. STMicroelectronics’s dividend payout ratio is currently 14.81%.

Institutional Investors Weigh In On STMicroelectronics

A number of large investors have recently bought and sold shares of the stock. Diversified Trust Co acquired a new stake in STMicroelectronics during the 4th quarter valued at $583,000. GAMMA Investing LLC grew its holdings in STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock valued at $30,000 after buying an additional 531 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in STMicroelectronics during the 3rd quarter valued at $186,000. TD Private Client Wealth LLC grew its holdings in STMicroelectronics by 108.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock valued at $46,000 after buying an additional 809 shares during the last quarter. Finally, Main Management ETF Advisors LLC acquired a new stake in STMicroelectronics during the 3rd quarter valued at $1,500,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

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.