Brokerages Set STMicroelectronics (NYSE:STM) Price Target at $50.75

STMicroelectronics (NYSE:STMGet Free Report) has been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $50.75.

A number of analysts recently issued reports on STM shares. HSBC started coverage on STMicroelectronics in a research report on Thursday, February 22nd. They issued a “buy” rating for the company. StockNews.com cut STMicroelectronics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 31st. Craig Hallum decreased their price objective on STMicroelectronics from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. Finally, Susquehanna reaffirmed a “positive” rating and set a $55.00 price objective on shares of STMicroelectronics in a research report on Monday, April 8th.

Read Our Latest Stock Analysis on STM

Institutional Trading of STMicroelectronics

Hedge funds have recently modified their holdings of the business. Thomas J. Herzfeld Advisors Inc. lifted its holdings in shares of STMicroelectronics by 548.4% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 590 shares of the semiconductor producer’s stock valued at $25,000 after buying an additional 499 shares during the period. Mather Group LLC. acquired a new stake in shares of STMicroelectronics in the 1st quarter valued at approximately $28,000. Huntington National Bank lifted its holdings in shares of STMicroelectronics by 112.7% in the 3rd quarter. Huntington National Bank now owns 689 shares of the semiconductor producer’s stock valued at $30,000 after buying an additional 365 shares during the period. Headlands Technologies LLC acquired a new stake in shares of STMicroelectronics in the 3rd quarter valued at approximately $30,000. Finally, Spire Wealth Management increased its stake in STMicroelectronics by 125.0% in the 3rd quarter. Spire Wealth Management now owns 720 shares of the semiconductor producer’s stock valued at $31,000 after purchasing an additional 400 shares in the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.

STMicroelectronics Trading Down 3.7 %

STM opened at $41.08 on Friday. The company has a market cap of $37.09 billion, a P/E ratio of 9.21, a PEG ratio of 2.72 and a beta of 1.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.44 and a current ratio of 3.17. STMicroelectronics has a one year low of $37.21 and a one year high of $55.85. The business’s 50-day simple moving average is $44.65 and its 200-day simple moving average is $44.78.

STMicroelectronics (NYSE:STMGet Free Report) last announced its earnings results on Thursday, January 25th. The semiconductor producer reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.08 billion. STMicroelectronics had a return on equity of 27.70% and a net margin of 24.36%. The business’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.32 EPS. As a group, equities research analysts expect that STMicroelectronics will post 3.02 EPS for the current fiscal year.

STMicroelectronics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th will be issued a $0.09 dividend. This is a boost from STMicroelectronics’s previous quarterly dividend of $0.06. This represents a $0.36 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Tuesday, June 25th. STMicroelectronics’s dividend payout ratio (DPR) is currently 4.48%.

About STMicroelectronics

(Get Free Report

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.

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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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