Analysts Set STMicroelectronics (NYSE:STM) PT at $50.75

STMicroelectronics (NYSE:STM) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $50.75.

STM has been the topic of a number of analyst reports. Susquehanna restated a “positive” rating and issued a $55.00 price objective on shares of STMicroelectronics in a research report on Monday, April 8th. Craig Hallum dropped their price objective on STMicroelectronics from $50.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Berenberg Bank upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. William Blair restated a “market perform” rating on shares of STMicroelectronics in a report on Friday, April 26th. Finally, HSBC began coverage on shares of STMicroelectronics in a report on Thursday, February 22nd. They issued a “buy” rating on the stock.

Institutional Trading of STMicroelectronics

A number of hedge funds have recently modified their holdings of the business. Blue Trust Inc. lifted its position in STMicroelectronics by 11.2% during the 4th quarter. Blue Trust Inc. now owns 2,701 shares of the semiconductor producer’s stock valued at $135,000 after acquiring an additional 272 shares during the period. Sage Rhino Capital LLC bought a new stake in shares of STMicroelectronics in the 4th quarter worth approximately $212,000. SG Americas Securities LLC purchased a new stake in shares of STMicroelectronics in the 4th quarter worth approximately $2,141,000. FMR LLC increased its position in STMicroelectronics by 27.9% during the 3rd quarter. FMR LLC now owns 589,282 shares of the semiconductor producer’s stock valued at $25,433,000 after buying an additional 128,707 shares in the last quarter. Finally, Modera Wealth Management LLC raised its stake in STMicroelectronics by 5.7% during the third quarter. Modera Wealth Management LLC now owns 110,423 shares of the semiconductor producer’s stock valued at $4,766,000 after buying an additional 5,957 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Trading Down 0.0 %

Shares of STM stock opened at $40.34 on Tuesday. The business has a 50-day moving average of $42.83 and a 200 day moving average of $44.38. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 2.58. STMicroelectronics has a 1-year low of $37.21 and a 1-year high of $55.85. The stock has a market capitalization of $36.42 billion, a PE ratio of 10.34, a P/E/G ratio of 3.76 and a beta of 1.66.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data on Thursday, April 25th. The semiconductor producer reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). STMicroelectronics had a net margin of 22.30% and a return on equity of 22.95%. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the company posted $1.10 EPS. The business’s revenue for the quarter was down 18.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that STMicroelectronics will post 2.13 earnings per share for the current year.

STMicroelectronics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th will be issued a $0.09 dividend. This is an increase from STMicroelectronics’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $0.36 dividend on an annualized basis and a yield of 0.89%. STMicroelectronics’s dividend payout ratio is 5.13%.

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.