Analysts Set STMicroelectronics NV (STM) PT at $22.49

Shares of STMicroelectronics NV (NYSE:STM) have received a consensus rating of “Buy” from the eleven research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $22.49.

A number of equities analysts have recently commented on the company. Vetr lowered STMicroelectronics from a “buy” rating to a “hold” rating and set a $25.44 price target for the company. in a report on Monday, March 19th. Kepler Capital Markets raised STMicroelectronics from a “reduce” rating to a “hold” rating in a report on Friday, January 26th. Societe Generale assumed coverage on STMicroelectronics in a report on Wednesday, January 17th. They issued a “buy” rating for the company. Zacks Investment Research lowered STMicroelectronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Craig Hallum reissued a “buy” rating and set a $30.00 price objective (up previously from $26.00) on shares of STMicroelectronics in a research note on Thursday, January 25th.

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Shares of STMicroelectronics stock traded down $0.84 during trading hours on Wednesday, reaching $21.45. The company had a trading volume of 1,536,172 shares, compared to its average volume of 3,864,595. STMicroelectronics has a one year low of $14.07 and a one year high of $25.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.52 and a quick ratio of 1.86. The firm has a market capitalization of $19,984.99, a P/E ratio of 21.94, a PEG ratio of 3.34 and a beta of 0.80.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Thursday, January 25th. The semiconductor producer reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.06. STMicroelectronics had a return on equity of 17.55% and a net margin of 9.62%. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 32.7% on a year-over-year basis. sell-side analysts expect that STMicroelectronics will post 1.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 27th. Investors of record on Tuesday, March 20th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Monday, March 19th. STMicroelectronics’s dividend payout ratio is 20.41%.

A number of large investors have recently bought and sold shares of STM. Moors & Cabot Inc. bought a new stake in STMicroelectronics during the third quarter valued at $197,000. Sand Hill Global Advisors LLC bought a new stake in STMicroelectronics during the fourth quarter valued at $204,000. Dean Capital Investments Management LLC bought a new stake in STMicroelectronics during the fourth quarter valued at $206,000. Dixon Hubard Feinour & Brown Inc. VA bought a new stake in STMicroelectronics during the fourth quarter valued at $207,000. Finally, Elkfork Partners LLC bought a new stake in STMicroelectronics during the fourth quarter valued at $237,000. 4.72% of the stock is owned by institutional investors.

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STMicroelectronics Company Profile

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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