STMicroelectronics (NYSE:STM) Given Average Rating of “Hold” by Analysts

STMicroelectronics (NYSE:STM) has received a consensus recommendation of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $30.97.

Several research firms have recently issued reports on STM. Morgan Stanley raised STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a report on Friday, April 25th. Sanford C. Bernstein lowered shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $33.00 to $26.00 in a report on Wednesday, February 5th. Dbs Bank lowered shares of STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 28th. Finally, Bank of America downgraded shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th.

STMicroelectronics Price Performance

Shares of STMicroelectronics stock opened at $24.46 on Friday. The company’s fifty day simple moving average is $22.56 and its two-hundred day simple moving average is $24.25. STMicroelectronics has a 12-month low of $17.25 and a 12-month high of $45.39. The firm has a market cap of $21.97 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 1.16 and a beta of 1.53. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11.

STMicroelectronics (NYSE:STM) last posted its earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. As a group, equities analysts expect that STMicroelectronics will post 0.85 EPS for the current year.

STMicroelectronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $0.36 annualized dividend and a dividend yield of 1.47%. STMicroelectronics’s payout ratio is 25.42%.

Institutional Trading of STMicroelectronics

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. J2 Capital Management Inc purchased a new position in STMicroelectronics during the fourth quarter valued at $295,000. Crossmark Global Holdings Inc. increased its holdings in shares of STMicroelectronics by 1.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 65,561 shares of the semiconductor producer’s stock valued at $1,637,000 after acquiring an additional 749 shares in the last quarter. Blue Trust Inc. raised its position in shares of STMicroelectronics by 15.4% in the 4th quarter. Blue Trust Inc. now owns 11,159 shares of the semiconductor producer’s stock worth $279,000 after purchasing an additional 1,491 shares during the last quarter. Hantz Financial Services Inc. bought a new position in STMicroelectronics in the 4th quarter worth about $1,365,000. Finally, Crews Bank & Trust purchased a new stake in STMicroelectronics during the 4th quarter valued at about $70,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Company Profile

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.