STMicroelectronics N.V. (NYSE:STM) has earned an average rating of “Buy” from the ten research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $17.25.
STM has been the subject of several research analyst reports. Stifel Nicolaus upgraded STMicroelectronics N.V. from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $14.84 to $14.50 in a report on Tuesday, June 27th. Zacks Investment Research downgraded STMicroelectronics N.V. from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. BidaskClub downgraded STMicroelectronics N.V. from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. J P Morgan Chase & Co upgraded STMicroelectronics N.V. from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 11th. Finally, Craig Hallum reiterated a “buy” rating on shares of STMicroelectronics N.V. in a report on Wednesday.
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STMicroelectronics N.V. (NYSE:STM) traded up 1.47% during trading on Friday, reaching $19.01. 3,739,863 shares of the company traded hands. The firm has a market capitalization of $16.88 billion, a price-to-earnings ratio of 38.89 and a beta of 0.64. STMicroelectronics N.V. has a 52 week low of $7.58 and a 52 week high of $19.22. The company’s 50-day moving average price is $17.34 and its 200 day moving average price is $16.11.
STMicroelectronics N.V. (NYSE:STM) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor producer reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). STMicroelectronics N.V. had a return on equity of 10.60% and a net margin of 5.97%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the business posted $0.03 earnings per share. STMicroelectronics N.V.’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts expect that STMicroelectronics N.V. will post $0.82 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 26th. Shareholders of record on Tuesday, September 19th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, September 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.26%. STMicroelectronics N.V.’s dividend payout ratio is currently 40.00%.
STMicroelectronics N.V. announced that its board has initiated a share buyback plan on Thursday, June 22nd that permits the company to buyback $297.00 million in shares. This buyback authorization permits the semiconductor producer to repurchase up to 2.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
Several institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its stake in shares of STMicroelectronics N.V. by 17.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 7,734,651 shares of the semiconductor producer’s stock valued at $111,224,000 after purchasing an additional 1,151,164 shares during the period. Renaissance Technologies LLC grew its stake in shares of STMicroelectronics N.V. by 362.4% during the 1st quarter. Renaissance Technologies LLC now owns 5,299,919 shares of the semiconductor producer’s stock valued at $81,713,000 after purchasing an additional 4,153,795 shares during the period. Acadian Asset Management LLC grew its stake in shares of STMicroelectronics N.V. by 21.4% during the 2nd quarter. Acadian Asset Management LLC now owns 4,624,153 shares of the semiconductor producer’s stock valued at $66,495,000 after purchasing an additional 816,194 shares during the period. Sensato Investors LLC grew its stake in shares of STMicroelectronics N.V. by 17.2% during the 2nd quarter. Sensato Investors LLC now owns 1,941,246 shares of the semiconductor producer’s stock valued at $27,915,000 after purchasing an additional 285,200 shares during the period. Finally, Quentec Asset Management LLC grew its stake in shares of STMicroelectronics N.V. by 121.7% during the 2nd quarter. Quentec Asset Management LLC now owns 1,835,373 shares of the semiconductor producer’s stock valued at $26,393,000 after purchasing an additional 1,007,467 shares during the period. Institutional investors and hedge funds own 5.29% of the company’s stock.
About STMicroelectronics N.V.
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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