STMicroelectronics N.V. (NYSE:STM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of STMicroelectronics N.V. (NYSE:STM) have been given an average recommendation of “Hold” by the fifteen analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $29.67.

A number of analysts have issued reports on STM shares. Dbs Bank lowered STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 28th. TD Cowen boosted their target price on STMicroelectronics from $23.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, June 13th. Oddo Bhf raised STMicroelectronics to an “outperform” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a research report on Friday, April 25th.

STMicroelectronics Trading Up 1.7%

STM opened at $32.25 on Friday. STMicroelectronics has a one year low of $17.25 and a one year high of $43.32. The stock has a market capitalization of $28.97 billion, a PE ratio of 27.33, a P/E/G ratio of 1.93 and a beta of 1.60. The business’s 50 day moving average price is $26.96 and its 200 day moving average price is $24.85. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.24 and a current ratio of 3.05.

STMicroelectronics (NYSE:STM) last announced its earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.55 billion. STMicroelectronics had a return on equity of 6.28% and a net margin of 8.94%. As a group, equities research analysts expect that STMicroelectronics will post 0.85 EPS for the current year.

STMicroelectronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.36 annualized dividend and a dividend yield of 1.12%. STMicroelectronics’s dividend payout ratio (DPR) is 26.27%.

Institutional Investors Weigh In On STMicroelectronics

Hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its stake in shares of STMicroelectronics by 225.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock worth $33,000 after buying an additional 921 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of STMicroelectronics by 139.6% during the first quarter. Farther Finance Advisors LLC now owns 1,862 shares of the semiconductor producer’s stock worth $41,000 after buying an additional 1,085 shares during the period. Rakuten Securities Inc. boosted its stake in shares of STMicroelectronics by 197.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer’s stock worth $44,000 after buying an additional 1,180 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of STMicroelectronics during the fourth quarter worth about $53,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in STMicroelectronics by 396.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,197 shares of the semiconductor producer’s stock worth $70,000 after purchasing an additional 2,553 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

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.