Robert W. Baird upgraded shares of STMicroelectronics NV (NYSE:STM) from a neutral rating to an outperform rating in a research report report published on Monday. They currently have $11.00 price objective on the stock, up from their previous price objective of $7.00.
STM has been the subject of several other research reports. Zacks Investment Research raised shares of STMicroelectronics NV from a hold rating to a buy rating and set a $8.00 price target for the company in a research report on Friday, July 29th. TheStreet raised shares of STMicroelectronics NV from a hold rating to a buy rating in a research report on Thursday, August 4th. Finally, Bank of America Corp. cut shares of STMicroelectronics NV from a neutral rating to an underperform rating in a research report on Friday, September 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. STMicroelectronics NV presently has an average rating of Buy and a consensus price target of $8.88.
STMicroelectronics NV (NYSE:STM) traded down 2.17% during midday trading on Monday, reaching $8.12. 1,270,870 shares of the company’s stock were exchanged. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 96.67 and a beta of 0.93. STMicroelectronics NV has a 12-month low of $5.11 and a 12-month high of $8.41. The stock’s 50-day moving average is $7.82 and its 200-day moving average is $6.51.
STMicroelectronics NV (NYSE:STM) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.00. STMicroelectronics NV had a return on equity of 2.55% and a net margin of 1.10%. The business earned $1.70 million during the quarter, compared to analysts’ expectations of $1.76 million. During the same period in the previous year, the company posted $0.04 EPS. STMicroelectronics NV’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities analysts forecast that STMicroelectronics NV will post $0.20 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 27th. Investors of record on Tuesday, September 20th were given a dividend of $0.06 per share. The ex-dividend date was Friday, September 16th. This represents a $0.24 dividend on an annualized basis and a yield of 2.89%. STMicroelectronics NV’s payout ratio is 250.03%.
A number of large investors have recently bought and sold shares of the stock. Sensato Investors LLC boosted its stake in STMicroelectronics NV by 62.7% in the first quarter. Sensato Investors LLC now owns 2,608,731 shares of the company’s stock worth $14,557,000 after buying an additional 1,005,411 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in STMicroelectronics NV by 354.1% in the second quarter. JPMorgan Chase & Co. now owns 490,582 shares of the company’s stock worth $2,890,000 after buying an additional 382,550 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in STMicroelectronics NV by 97.0% in the second quarter. Parametric Portfolio Associates LLC now owns 469,701 shares of the company’s stock worth $2,767,000 after buying an additional 231,256 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in STMicroelectronics NV during the second quarter worth approximately $674,000. Finally, Advisor Group Inc. purchased a new stake in STMicroelectronics NV during the second quarter worth approximately $577,000. 2.07% of the stock is owned by institutional investors.
About STMicroelectronics NV
STMicroelectronics N.V. is a global semiconductor company. The Company is focused on Smart Driving, enabled by digitalization and electrification of the car, and the Internet of Things, including portable and wearable systems, as well as smart home, city and industry applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG) and Others.
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