Analysts Set STMicroelectronics (NYSE:STM) Target Price at $36.26

STMicroelectronics (NYSE:STM) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $36.26.

A number of research analysts recently issued reports on STM shares. Morgan Stanley downgraded STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 4th. BNP Paribas initiated coverage on shares of STMicroelectronics in a research report on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 price target for the company. JPMorgan Chase & Co. restated a “neutral” rating on shares of STMicroelectronics in a research report on Monday, December 9th. Craig Hallum dropped their target price on shares of STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, StockNews.com cut STMicroelectronics from a “buy” rating to a “hold” rating in a report on Thursday, September 19th.

STMicroelectronics Trading Up 0.5 %

Shares of STMicroelectronics stock opened at $24.61 on Wednesday. STMicroelectronics has a 1-year low of $23.95 and a 1-year high of $50.94. The company’s fifty day simple moving average is $26.43 and its 200-day simple moving average is $31.83. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.16. The stock has a market capitalization of $22.23 billion, a PE ratio of 10.13, a P/E/G ratio of 3.20 and a beta of 1.53.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.27 billion. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. STMicroelectronics’s quarterly revenue was down 26.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 earnings per share. As a group, equities analysts anticipate that STMicroelectronics will post 1.64 earnings per share for the current year.

STMicroelectronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a $0.09 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.46%. STMicroelectronics’s dividend payout ratio is currently 12.35%.

Institutional Trading of STMicroelectronics

Large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in shares of STMicroelectronics by 26.5% in the 3rd quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer’s stock worth $228,655,000 after buying an additional 1,719,257 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in STMicroelectronics by 177.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,311,888 shares of the semiconductor producer’s stock worth $90,806,000 after acquiring an additional 1,478,213 shares during the last quarter. Two Sigma Advisers LP raised its position in STMicroelectronics by 674.2% during the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock valued at $41,524,000 after purchasing an additional 1,216,300 shares during the period. Federated Hermes Inc. lifted 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 purchasing an additional 364,184 shares during the last quarter. Finally, Mediolanum International Funds Ltd purchased a new position in shares of STMicroelectronics in the 3rd quarter worth approximately $7,642,000. Institutional investors own 5.05% of the company’s stock.

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.