STMicroelectronics (STM) Now Covered by Societe Generale

Societe Generale began coverage on shares of STMicroelectronics (NYSE:STM) in a report published on Wednesday morning. The brokerage issued a buy rating on the semiconductor producer’s stock.

Several other brokerages also recently weighed in on STM. Zacks Investment Research raised STMicroelectronics from a hold rating to a strong-buy rating and set a $27.00 price target for the company in a report on Tuesday, October 31st. Credit Suisse Group raised STMicroelectronics from a neutral rating to a buy rating in a report on Thursday, January 11th. ValuEngine downgraded STMicroelectronics from a buy rating to a hold rating in a report on Friday, December 1st. Finally, Craig Hallum raised their price target on STMicroelectronics from $21.00 to $26.00 and gave the stock a buy rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $21.88.

Shares of STMicroelectronics (STM) traded up $0.55 during midday trading on Wednesday, reaching $24.89. The company’s stock had a trading volume of 4,673,052 shares, compared to its average volume of 3,000,000. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.73 and a current ratio of 2.29. The firm has a market capitalization of $22,440.00, a P/E ratio of 37.71, a PEG ratio of 3.78 and a beta of 0.79. STMicroelectronics has a fifty-two week low of $11.38 and a fifty-two week high of $25.11.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.10 billion. STMicroelectronics had a return on equity of 13.47% and a net margin of 7.84%. The company’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. analysts expect that STMicroelectronics will post 0.92 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Tuesday, December 19th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Monday, December 18th. STMicroelectronics’s dividend payout ratio (DPR) is 30.30%.

Several institutional investors have recently added to or reduced their stakes in STM. Quadrant Capital Group LLC lifted its holdings in shares of STMicroelectronics by 5.0% during the second quarter. Quadrant Capital Group LLC now owns 9,105 shares of the semiconductor producer’s stock worth $127,000 after purchasing an additional 433 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of STMicroelectronics by 22.6% during the second quarter. PNC Financial Services Group Inc. now owns 9,573 shares of the semiconductor producer’s stock worth $138,000 after purchasing an additional 1,765 shares during the period. Thompson Davis & CO. Inc. lifted its holdings in shares of STMicroelectronics by 225.2% during the third quarter. Thompson Davis & CO. Inc. now owns 8,000 shares of the semiconductor producer’s stock worth $155,000 after purchasing an additional 5,540 shares during the period. Cetera Investment Advisers acquired a new stake in shares of STMicroelectronics during the second quarter worth about $156,000. Finally, Stevens Capital Management LP acquired a new stake in shares of STMicroelectronics during the second quarter worth about $163,000. 5.09% of the stock is owned by hedge funds and other institutional investors.

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About STMicroelectronics

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.

Analyst Recommendations for STMicroelectronics (NYSE:STM)

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