STMicroelectronics N.V. (NYSE:STM) Receives $51.93 Average Target Price from Analysts

STMicroelectronics N.V. (NYSE:STM) has received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $51.9286.

Several research firms recently weighed in on STM. Robert W. Baird set a $90.00 price objective on shares of STMicroelectronics in a research report on Friday, April 24th. TD Cowen restated a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. Mizuho boosted their price objective on shares of STMicroelectronics from $56.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Citigroup restated a “buy” rating on shares of STMicroelectronics in a research report on Sunday, April 26th. Finally, Craig Hallum upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Thursday, April 23rd.

STMicroelectronics Stock Down 0.4%

Shares of STM opened at $69.20 on Wednesday. The company has a market capitalization of $62.16 billion, a P/E ratio of 432.55 and a beta of 1.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34. STMicroelectronics has a one year low of $21.11 and a one year high of $71.07. The business’s 50 day simple moving average is $48.68 and its 200-day simple moving average is $35.48.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. The firm had revenue of $3.10 billion during the quarter. As a group, sell-side analysts predict that STMicroelectronics will post 1.09 EPS for the current fiscal year.

STMicroelectronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 22nd. This represents a $0.36 annualized dividend and a dividend yield of 0.5%. STMicroelectronics’s payout ratio is presently 193.75%.

Institutional Trading of STMicroelectronics

Institutional investors and hedge funds have recently made changes to their positions in the business. Portus Wealth Advisors LLC bought a new stake in shares of STMicroelectronics during the 1st quarter valued at $32,000. CIBC Private Wealth Group LLC raised its position in shares of STMicroelectronics by 3,746.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock valued at $26,000 after acquiring an additional 974 shares during the last quarter. Abound Wealth Management bought a new stake in shares of STMicroelectronics during the 4th quarter valued at $26,000. Peterson Wealth Services raised its position in shares of STMicroelectronics by 3,086.5% during the 3rd quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock valued at $33,000 after acquiring an additional 1,142 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of STMicroelectronics during the 1st quarter valued at $45,000. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Company Profile

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.