Shares of STMicroelectronics NV (NYSE:STM) have received a consensus rating of “Hold” from the eleven analysts that are presently covering the firm. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $13.00.
A number of equities research analysts have issued reports on STM shares. Craig Hallum reiterated a “buy” rating and issued a $15.00 target price (up previously from $11.00) on shares of STMicroelectronics NV in a research report on Saturday, January 28th. Barclays PLC upgraded shares of STMicroelectronics NV from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, February 22nd. Zacks Investment Research upgraded shares of STMicroelectronics NV from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Wednesday, December 28th. Morgan Stanley downgraded shares of STMicroelectronics NV from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 4th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. upgraded shares of STMicroelectronics NV from an “underweight” rating to a “neutral” rating in a research report on Friday, January 27th.
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A number of large investors have recently added to or reduced their stakes in STM. Granite Point Capital Management L.P. bought a new stake in STMicroelectronics NV during the third quarter worth about $2,236,000. AMP Capital Investors Ltd acquired a new position in STMicroelectronics NV during the third quarter worth $909,000. Timber Hill LLC acquired a new position in STMicroelectronics NV during the third quarter worth $289,000. Sei Investments Co. increased its position in STMicroelectronics NV by 2.7% in the third quarter. Sei Investments Co. now owns 79,648 shares of the company’s stock worth $649,000 after buying an additional 2,101 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in STMicroelectronics NV during the fourth quarter worth $133,000. Institutional investors own 3.07% of the company’s stock.
STMicroelectronics NV (NYSE:STM) opened at 15.42 on Tuesday. The stock has a market capitalization of $13.62 billion, a PE ratio of 82.46 and a beta of 0.88. STMicroelectronics NV has a 52-week low of $5.11 and a 52-week high of $15.74. The firm has a 50-day moving average of $14.70 and a 200-day moving average of $10.76.
STMicroelectronics NV (NYSE:STM) last released its earnings results on Thursday, January 26th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. STMicroelectronics NV had a net margin of 2.37% and a return on equity of 5.37%. The company earned $1.86 billion during the quarter, compared to the consensus estimate of $1.85 billion. The company’s revenue was up 11.5% on a year-over-year basis. On average, equities analysts expect that STMicroelectronics NV will post $0.66 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 28th. Shareholders of record on Tuesday, March 21st will be given a $0.06 dividend. The ex-dividend date is Friday, March 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.56%. STMicroelectronics NV’s payout ratio is 105.27%.
STMicroelectronics NV Company Profile
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