STMicroelectronics (NYSE:STM) Price Target Lowered to $28.00 at Susquehanna

STMicroelectronics (NYSE:STM) had its price target lowered by Susquehanna from $33.00 to $28.00 in a report issued on Friday,Benzinga reports. The firm currently has a positive rating on the semiconductor producer’s stock.

A number of other equities analysts have also recently commented on the company. TD Cowen cut STMicroelectronics from a “buy” rating to a “hold” rating and reduced their target price for the company from $32.00 to $25.00 in a report on Monday, January 13th. Barclays lowered STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 22nd. Craig Hallum dropped their target price on shares of STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. reissued a “neutral” rating on shares of STMicroelectronics in a research note on Monday, December 9th. Finally, Citigroup raised shares of STMicroelectronics to a “strong-buy” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $33.40.

STMicroelectronics Trading Down 0.5 %

Shares of STM stock opened at $22.41 on Friday. The stock has a 50 day simple moving average of $25.29 and a 200-day simple moving average of $28.14. STMicroelectronics has a 1-year low of $21.96 and a 1-year high of $49.05. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 4.36 and a beta of 1.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.16.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. On average, equities research analysts expect that STMicroelectronics will post 1.64 EPS for the current fiscal year.

STMicroelectronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a $0.09 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $0.36 annualized dividend and a yield of 1.61%. STMicroelectronics’s payout ratio is 12.76%.

Institutional Trading of STMicroelectronics

Institutional investors and hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC purchased a new position in shares of STMicroelectronics during the third quarter worth $25,000. Archer Investment Corp acquired a new position in STMicroelectronics in the 3rd quarter valued at about $30,000. GAMMA Investing LLC increased its stake in 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 during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of STMicroelectronics during the fourth quarter worth about $31,000. Finally, Waldron Private Wealth LLC purchased a new position in shares of STMicroelectronics in the third quarter valued at approximately $34,000. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

About STMicroelectronics

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.