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

Posted by Defense World Staff on May 23rd, 2023

STMicroelectronics (NYSE:STM – Get Rating) has been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $54.22.

Several equities analysts have issued reports on STM shares. Sanford C. Bernstein upped their price target on shares of STMicroelectronics from $45.00 to $55.00 in a research report on Thursday, February 16th. Susquehanna reduced their price objective on shares of STMicroelectronics from 55.00 to 54.00 in a research note on Sunday, May 7th. Craig Hallum upped their price objective on shares of STMicroelectronics from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, January 26th. Cowen upped their price objective on shares of STMicroelectronics from $50.00 to $56.00 and gave the company an “outperform” rating in a research note on Friday, January 27th. Finally, StockNews.com raised shares of STMicroelectronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 12th.

STMicroelectronics Stock Performance

NYSE STM opened at $45.41 on Tuesday. The company has a quick ratio of 1.87, a current ratio of 2.58 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $41.25 billion, a P/E ratio of 10.09, a P/E/G ratio of 2.12 and a beta of 1.58. STMicroelectronics has a 12-month low of $28.35 and a 12-month high of $53.53. The firm has a 50-day moving average price of $47.26 and a two-hundred day moving average price of $43.69.

STMicroelectronics (NYSE:STM – Get Rating) last posted its quarterly earnings data on Thursday, April 27th. The semiconductor producer reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.13. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.19 billion. STMicroelectronics had a net margin of 25.30% and a return on equity of 35.62%. During the same quarter in the previous year, the firm posted $0.79 EPS. Analysts anticipate that STMicroelectronics will post 4.25 earnings per share for the current year.

STMicroelectronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Tuesday, June 27th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, June 26th. This represents a $0.24 annualized dividend and a yield of 0.53%. STMicroelectronics’s payout ratio is 4.44%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of STM. Bank of Montreal Can increased its holdings in STMicroelectronics by 2,911.3% during the first quarter. Bank of Montreal Can now owns 134,004 shares of the semiconductor producer’s stock worth $6,012,000 after buying an additional 129,554 shares during the last quarter. BlackRock Inc. boosted its position in STMicroelectronics by 9.9% during the first quarter. BlackRock Inc. now owns 3,530,155 shares of the semiconductor producer’s stock worth $152,573,000 after purchasing an additional 318,347 shares during the period. Mariner LLC bought a new position in STMicroelectronics during the first quarter worth about $579,000. Northern Trust Corp boosted its position in STMicroelectronics by 0.8% during the first quarter. Northern Trust Corp now owns 349,772 shares of the semiconductor producer’s stock worth $15,117,000 after purchasing an additional 2,885 shares during the period. Finally, Hsbc Holdings PLC boosted its position in STMicroelectronics by 105.8% during the first quarter. Hsbc Holdings PLC now owns 5,672 shares of the semiconductor producer’s stock worth $246,000 after purchasing an additional 103,964 shares during the period. Institutional investors and hedge funds own 6.49% of the company’s stock.

STMicroelectronics Company Profile

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STMicroelectronics NV engages in the design, development, manufacture, and marketing of components, application-specific integrated circuits, full custom devices and semi-custom devices for analog, digital and mixed-signal applications. It operates through the following segments: Automotive and Discrete Group, Analog, MEMS and Sensors Group, and Microcontrollers and Digital ICs Group.