STMicroelectronics NV (STM) Given Average Recommendation of “Hold” by Analysts

STMicroelectronics NV (NYSE:STM) has earned a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $17.40.

A number of equities analysts recently issued reports on the company. UBS Group restated a “hold” rating and issued a $14.00 target price on shares of STMicroelectronics in a research note on Wednesday. ValuEngine upgraded STMicroelectronics from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. Zacks Investment Research upgraded STMicroelectronics from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Cowen assumed coverage on STMicroelectronics in a research note on Friday, February 22nd. They issued an “outperform” rating and a $21.00 target price for the company. Finally, Societe Generale set a $22.00 target price on STMicroelectronics and gave the stock a “buy” rating in a research note on Friday, January 25th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its position in shares of STMicroelectronics by 17.5% during the 3rd quarter. Morgan Stanley now owns 2,410,320 shares of the semiconductor producer’s stock valued at $44,205,000 after acquiring an additional 359,324 shares during the period. Deutsche Bank AG grew its position in shares of STMicroelectronics by 164.9% during the 3rd quarter. Deutsche Bank AG now owns 783,375 shares of the semiconductor producer’s stock valued at $14,367,000 after acquiring an additional 487,671 shares during the period. Neuberger Berman Group LLC acquired a new stake in shares of STMicroelectronics during the 3rd quarter valued at about $14,305,000. OLD Mission Capital LLC acquired a new stake in shares of STMicroelectronics during the 4th quarter valued at about $10,668,000. Finally, Jane Street Group LLC grew its position in shares of STMicroelectronics by 14.0% during the 3rd quarter. Jane Street Group LLC now owns 595,841 shares of the semiconductor producer’s stock valued at $10,928,000 after acquiring an additional 73,319 shares during the period. Institutional investors and hedge funds own 3.96% of the company’s stock.

Shares of NYSE STM opened at $17.98 on Friday. The company has a current ratio of 2.76, a quick ratio of 2.02 and a debt-to-equity ratio of 0.27. The firm has a market cap of $16.16 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 3.22 and a beta of 1.07. STMicroelectronics has a 12-month low of $12.00 and a 12-month high of $26.43.

STMicroelectronics (NYSE:STM) last announced its earnings results on Thursday, January 24th. The semiconductor producer reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.61 billion. STMicroelectronics had a return on equity of 21.88% and a net margin of 13.32%. During the same quarter last year, the firm earned $0.36 EPS. As a group, equities research analysts expect that STMicroelectronics will post 1.09 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 19th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.33%. STMicroelectronics’s dividend payout ratio (DPR) is 13.99%.

STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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