STMicroelectronics (NYSE:STM) Receives $43.13 Average PT from Analysts

Shares of STMicroelectronics (NYSE:STM) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $43.13.

Several research firms have recently weighed in on STM. Sanford C. Bernstein dropped their price objective on shares of STMicroelectronics from $54.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. Morgan Stanley cut STMicroelectronics from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. Craig Hallum reduced their price objective on STMicroelectronics from $48.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. StockNews.com lowered STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. Finally, TD Cowen reduced their price target on shares of STMicroelectronics from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, July 26th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bleakley Financial Group LLC increased its holdings in shares of STMicroelectronics by 6.3% during the first quarter. Bleakley Financial Group LLC now owns 5,051 shares of the semiconductor producer’s stock worth $218,000 after buying an additional 298 shares in the last quarter. Inspire Advisors LLC raised its position in STMicroelectronics by 2.9% in the second quarter. Inspire Advisors LLC now owns 12,970 shares of the semiconductor producer’s stock valued at $509,000 after purchasing an additional 363 shares during the last quarter. Capital Advisors Wealth Management LLC raised its position in STMicroelectronics by 8.2% in the first quarter. Capital Advisors Wealth Management LLC now owns 4,822 shares of the semiconductor producer’s stock valued at $209,000 after purchasing an additional 365 shares during the last quarter. Gallacher Capital Management LLC boosted its stake in shares of STMicroelectronics by 4.6% during the second quarter. Gallacher Capital Management LLC now owns 9,783 shares of the semiconductor producer’s stock valued at $384,000 after purchasing an additional 427 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of STMicroelectronics by 2.5% during the first quarter. Signaturefd LLC now owns 21,784 shares of the semiconductor producer’s stock worth $942,000 after purchasing an additional 541 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Stock Down 0.8 %

Shares of STM opened at $27.93 on Friday. STMicroelectronics has a 52 week low of $27.44 and a 52 week high of $51.27. The firm has a market capitalization of $25.23 billion, a P/E ratio of 8.67, a P/E/G ratio of 3.46 and a beta of 1.57. The company has a 50-day simple moving average of $29.42 and a 200-day simple moving average of $37.03. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.56 and a current ratio of 3.35.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data on Thursday, July 25th. The semiconductor producer reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. STMicroelectronics had a net margin of 19.68% and a return on equity of 18.18%. The company had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same period last year, the firm earned $1.06 EPS. The firm’s revenue for the quarter was down 25.3% compared to the same quarter last year. On average, equities research analysts expect that STMicroelectronics will post 1.63 earnings per share for the current year.

STMicroelectronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 17th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.36 annualized dividend and a yield of 1.29%. STMicroelectronics’s payout ratio is currently 9.63%.

STMicroelectronics Company Profile

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.