STMicroelectronics (NYSE:STM) Given Consensus Recommendation of “Moderate Buy” by Analysts

STMicroelectronics (NYSE:STM) has been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $36.26.

Several research analysts recently commented on STM shares. Morgan Stanley cut STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 4th. BNP Paribas assumed coverage on shares of STMicroelectronics in a research note on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 target price on the stock. Citigroup upgraded shares of STMicroelectronics to a “strong-buy” rating in a research note on Thursday, October 10th. Susquehanna reiterated a “positive” rating and issued a $33.00 price objective on shares of STMicroelectronics in a research note on Thursday, November 21st. Finally, Robert W. Baird cut their target price on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, November 1st.

Institutional Investors Weigh In On STMicroelectronics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its stake 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 purchasing an additional 1,719,257 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 buying an additional 1,478,213 shares during the last quarter. Two Sigma Advisers LP boosted its position in STMicroelectronics by 674.2% in the 3rd quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock valued at $41,524,000 after buying an additional 1,216,300 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of STMicroelectronics by 128.1% in the 2nd quarter. Federated Hermes Inc. now owns 648,403 shares of the semiconductor producer’s stock valued at $25,469,000 after buying an additional 364,184 shares during the period. Finally, Mediolanum International Funds Ltd bought a new stake in shares of STMicroelectronics during the third quarter worth $7,642,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

NYSE:STM opened at $25.67 on Wednesday. The firm’s 50-day moving average is $26.28 and its 200-day moving average is $31.27. The company has a market cap of $23.19 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 3.20 and a beta of 1.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.16 and a current ratio of 2.84. STMicroelectronics has a 52-week low of $23.95 and a 52-week high of $50.94.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share (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 firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same period in the previous year, the company posted $1.16 earnings per share. The company’s quarterly revenue was down 26.6% compared to the same quarter last year. Equities research analysts anticipate that STMicroelectronics will post 1.64 earnings per share for the current year.

STMicroelectronics Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.40%. STMicroelectronics’s dividend payout ratio is 14.81%.

STMicroelectronics Company Profile

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.