STMicroelectronics (NYSE:STM) Receives $36.26 Average Price Target from Brokerages

Shares of STMicroelectronics (NYSE:STM - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirteen analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $36.26.

Several equities research analysts recently commented on STM shares. Citigroup upgraded shares of STMicroelectronics to a "strong-buy" rating in a research report on Thursday, October 10th. Susquehanna reaffirmed a "positive" rating and issued a $33.00 price target on shares of STMicroelectronics in a report on Thursday, November 21st. Robert W. Baird dropped their price objective on shares of STMicroelectronics from $35.00 to $30.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. StockNews.com lowered STMicroelectronics from a "buy" rating to a "hold" rating in a research note on Thursday, September 19th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of STMicroelectronics in a research report on Monday, December 9th.

STMicroelectronics Price Performance

STMicroelectronics stock traded down $0.68 during midday trading on Friday, reaching $24.60. The company's stock had a trading volume of 6,305,171 shares, compared to its average volume of 6,671,079. The firm has a market capitalization of $22.22 billion, a PE ratio of 10.12, a P/E/G ratio of 3.20 and a beta of 1.52. STMicroelectronics has a fifty-two week low of $23.94 and a fifty-two week high of $49.05. The stock's 50 day simple moving average is $25.62 and its 200 day simple moving average is $29.70. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.16 and a current ratio of 2.84.

STMicroelectronics (NYSE:STM - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The semiconductor producer reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the previous year, the firm earned $1.16 earnings per share. The firm's revenue was down 26.6% on a year-over-year basis. On average, equities research analysts forecast that STMicroelectronics will post 1.64 earnings per share for the current year.

STMicroelectronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.36 annualized dividend and a yield of 1.46%. STMicroelectronics's payout ratio is 14.81%.

Institutional Investors Weigh In On STMicroelectronics

Several large investors have recently made changes to their positions in the business. Van ECK Associates Corp increased its stake in STMicroelectronics by 26.5% during the 3rd quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer's stock worth $228,655,000 after buying an additional 1,719,257 shares during the period. Dimensional Fund Advisors LP grew its stake in STMicroelectronics by 177.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,311,888 shares of the semiconductor producer's stock valued at $90,806,000 after purchasing an additional 1,478,213 shares in the last quarter. Two Sigma Advisers LP increased its holdings in STMicroelectronics by 674.2% during the 3rd quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer's stock worth $41,524,000 after purchasing an additional 1,216,300 shares during the last quarter. Federated Hermes Inc. increased its holdings in STMicroelectronics by 128.1% during the 2nd quarter. Federated Hermes Inc. now owns 648,403 shares of the semiconductor producer's stock worth $25,469,000 after purchasing an additional 364,184 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of STMicroelectronics by 6.5% during the 2nd quarter. American Century Companies Inc. now owns 469,669 shares of the semiconductor producer's stock valued at $18,449,000 after buying an additional 28,846 shares during the last quarter. Institutional investors and hedge funds 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.