STMicroelectronics N.V. (NYSE:STM) Receives Average Recommendation of “Hold” from Analysts

Shares of STMicroelectronics N.V. (NYSE:STM) have been assigned a consensus rating of “Hold” from the seventeen research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $32.21.

Several brokerages recently issued reports on STM. The Goldman Sachs Group set a $26.50 price objective on STMicroelectronics and gave the company a “neutral” rating in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of STMicroelectronics in a research note on Friday, July 25th. TD Cowen lowered their price objective on shares of STMicroelectronics from $34.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, July 25th. Dbs Bank lowered shares of STMicroelectronics from a “strong-buy” rating to a “hold” rating in a report on Monday, April 28th. Finally, Craig Hallum cut shares of STMicroelectronics from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a research report on Thursday, July 24th.

STMicroelectronics Price Performance

STM opened at $26.02 on Thursday. The stock has a market cap of $23.37 billion, a P/E ratio of 37.71, a P/E/G ratio of 4.17 and a beta of 1.60. STMicroelectronics has a 12 month low of $17.25 and a 12 month high of $33.89. The company has a quick ratio of 1.96, a current ratio of 2.74 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $29.26 and a 200 day simple moving average of $25.53.

STMicroelectronics (NYSE:STM) last posted its earnings results on Thursday, July 24th. The semiconductor producer reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). STMicroelectronics had a net margin of 5.49% and a return on equity of 4.55%. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. On average, research analysts expect that STMicroelectronics will post 0.85 EPS for the current year.

STMicroelectronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, March 24th. This represents a $0.36 annualized dividend and a yield of 1.38%. STMicroelectronics’s payout ratio is currently 44.93%.

Hedge Funds Weigh In On STMicroelectronics

A number of large investors have recently modified their holdings of the business. Farther Finance Advisors LLC increased its holdings in shares of STMicroelectronics by 139.6% during the 1st quarter. Farther Finance Advisors LLC now owns 1,862 shares of the semiconductor producer’s stock worth $41,000 after acquiring an additional 1,085 shares during the last quarter. Smartleaf Asset Management LLC raised its position in STMicroelectronics by 63.1% during the first quarter. Smartleaf Asset Management LLC now owns 2,167 shares of the semiconductor producer’s stock valued at $48,000 after purchasing an additional 838 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of STMicroelectronics by 85.4% during the 2nd quarter. IFP Advisors Inc now owns 2,269 shares of the semiconductor producer’s stock worth $69,000 after buying an additional 1,045 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of STMicroelectronics by 396.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,197 shares of the semiconductor producer’s stock worth $70,000 after buying an additional 2,553 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in STMicroelectronics by 57.2% in the first quarter. SBI Securities Co. Ltd. now owns 3,322 shares of the semiconductor producer’s stock valued at $73,000 after buying an additional 1,209 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

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.