Brokerages Set STMicroelectronics (NYSE:STM) PT at $36.26

STMicroelectronics (NYSE:STM) has received a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $34.11.

Several research firms have issued reports on STM. Morgan Stanley cut shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 4th. Craig Hallum lowered their target price on shares of STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Citigroup raised STMicroelectronics to a “strong-buy” rating in a research note on Thursday, October 10th. TD Cowen downgraded STMicroelectronics from a “buy” rating to a “hold” rating and lowered their price objective for the company from $32.00 to $25.00 in a research report on Monday. Finally, Robert W. Baird dropped their target price on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, November 1st.

Institutional Investors Weigh In On STMicroelectronics

Large investors have recently made changes to their positions in the business. Truvestments Capital LLC purchased a new stake in shares of STMicroelectronics during the 3rd quarter valued at about $25,000. Archer Investment Corp purchased a new stake in shares of STMicroelectronics during the third quarter valued at approximately $30,000. GAMMA Investing LLC lifted its position in shares of STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock worth $30,000 after purchasing an additional 531 shares in the last quarter. Waldron Private Wealth LLC purchased a new position in shares of STMicroelectronics in the third quarter valued at $34,000. Finally, TD Private Client Wealth LLC grew its holdings in STMicroelectronics by 108.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock valued at $46,000 after purchasing an additional 809 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Trading Up 1.4 %

Shares of STM opened at $24.31 on Friday. STMicroelectronics has a 1-year low of $23.66 and a 1-year high of $49.05. 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 firm has a 50 day simple moving average of $25.58 and a 200-day simple moving average of $29.60. The stock has a market cap of $21.96 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 3.20 and a beta of 1.52.

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

STMicroelectronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, March 25th. STMicroelectronics’s dividend payout ratio is currently 14.81%.

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.