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

STMicroelectronics (NYSE:STM) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $50.75.

Several research analysts have recently commented on STM shares. William Blair restated a “market perform” rating on shares of STMicroelectronics in a research report on Friday, April 26th. StockNews.com lowered STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Berenberg Bank upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Craig Hallum decreased their target price on STMicroelectronics from $50.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Finally, HSBC assumed coverage on STMicroelectronics in a report on Thursday, February 22nd. They issued a “buy” rating for the company.

Institutional Trading of STMicroelectronics

A number of hedge funds and other institutional investors have recently bought and sold shares of STM. Van ECK Associates Corp increased its position in shares of STMicroelectronics by 55.3% during the first quarter. Van ECK Associates Corp now owns 5,800,911 shares of the semiconductor producer’s stock worth $250,831,000 after purchasing an additional 2,065,387 shares in the last quarter. Capital International Investors increased its position in shares of STMicroelectronics by 6.0% during the fourth quarter. Capital International Investors now owns 3,058,401 shares of the semiconductor producer’s stock worth $153,593,000 after purchasing an additional 172,399 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of STMicroelectronics by 5.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,369,273 shares of the semiconductor producer’s stock worth $118,772,000 after purchasing an additional 120,399 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of STMicroelectronics by 0.6% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,229,200 shares of the semiconductor producer’s stock worth $96,212,000 after purchasing an additional 12,476 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its position in shares of STMicroelectronics by 8.7% during the fourth quarter. Rafferty Asset Management LLC now owns 1,615,616 shares of the semiconductor producer’s stock worth $80,991,000 after purchasing an additional 129,772 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

STMicroelectronics Trading Up 0.6 %

STM opened at $40.31 on Tuesday. STMicroelectronics has a 52 week low of $37.21 and a 52 week high of $55.85. The business has a fifty day simple moving average of $43.23 and a 200-day simple moving average of $44.43. The firm has a market cap of $36.39 billion, a P/E ratio of 10.34, a P/E/G ratio of 3.76 and a beta of 1.66. The company has a quick ratio of 2.58, a current ratio of 3.34 and a debt-to-equity ratio of 0.17.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, April 25th. The semiconductor producer reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). STMicroelectronics had a return on equity of 22.95% and a net margin of 22.30%. The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. The company’s quarterly revenue was down 18.4% on a year-over-year basis. On average, equities analysts expect that STMicroelectronics will post 2.13 earnings per share for the current year.

STMicroelectronics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, June 25th. This is a boost from STMicroelectronics’s previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a yield of 0.89%. STMicroelectronics’s dividend payout ratio (DPR) is currently 9.23%.

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.