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.
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.
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.
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