Deutsche Bank Reaffirms “Buy” Rating for STMicroelectronics (STM)

Deutsche Bank reissued their buy rating on shares of STMicroelectronics (NYSE:STM) in a research report report published on Monday morning, AnalystRatings.com reports. The brokerage currently has a $18.00 price objective on the semiconductor producer’s stock.

A number of other brokerages have also recently commented on STM. UBS Group reissued a hold rating and set a $14.00 target price on shares of STMicroelectronics in a report on Wednesday, April 10th. Cowen assumed coverage on STMicroelectronics in a report on Friday, February 22nd. They issued an outperform rating and a $21.00 price target for the company. ValuEngine raised STMicroelectronics from a strong sell rating to a sell rating in a report on Friday, January 25th. Societe Generale set a $22.00 price target on STMicroelectronics and gave the company a buy rating in a report on Friday, January 25th. Finally, Zacks Investment Research cut STMicroelectronics from a strong-buy rating to a sell rating in a report on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $17.14.

Shares of STMicroelectronics stock opened at $18.64 on Monday. STMicroelectronics has a 12 month low of $12.00 and a 12 month high of $26.43. The company has a market cap of $16.84 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 3.29 and a beta of 1.07. The company has a quick ratio of 2.02, a current ratio of 2.76 and a debt-to-equity ratio of 0.27.

STMicroelectronics (NYSE:STM) last announced its earnings results on Thursday, January 24th. The semiconductor producer reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. STMicroelectronics had a return on equity of 21.88% and a net margin of 13.32%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the prior year, the firm earned $0.36 earnings per share. As a group, equities research analysts anticipate that STMicroelectronics will post 1.09 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 19th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.29%. STMicroelectronics’s dividend payout ratio is presently 13.99%.

Several large investors have recently bought and sold shares of STM. Ipswich Investment Management Co. Inc. acquired a new stake in shares of STMicroelectronics in the fourth quarter valued at approximately $61,000. Financial Gravity Companies Inc. purchased a new position in STMicroelectronics in the fourth quarter worth approximately $63,000. Quantamental Technologies LLC purchased a new position in STMicroelectronics in the fourth quarter worth approximately $89,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in STMicroelectronics in the fourth quarter worth approximately $99,000. Finally, Cetera Investment Advisers purchased a new position in STMicroelectronics in the fourth quarter worth approximately $152,000. 3.96% of the stock is owned by hedge funds and other institutional investors.

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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