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

STMicroelectronics (NYSE:STM - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $36.26.

Several research analysts recently commented on STM shares. Susquehanna reaffirmed a "positive" rating and issued a $33.00 price target on shares of STMicroelectronics in a research note on Thursday, November 21st. Morgan Stanley lowered shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Monday, November 4th. StockNews.com lowered STMicroelectronics from a "buy" rating to a "hold" rating in a report on Thursday, September 19th. Robert W. Baird reduced their price objective on STMicroelectronics from $35.00 to $30.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of STMicroelectronics in a research report on Monday, December 9th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Inspire Advisors LLC boosted its holdings in STMicroelectronics by 2.9% in the second quarter. Inspire Advisors LLC now owns 12,970 shares of the semiconductor producer's stock worth $509,000 after acquiring an additional 363 shares in the last quarter. Gallacher Capital Management LLC grew its position in STMicroelectronics by 4.6% during the 2nd quarter. Gallacher Capital Management LLC now owns 9,783 shares of the semiconductor producer's stock worth $384,000 after purchasing an additional 427 shares during the last quarter. Stifel Financial Corp grew its position in STMicroelectronics by 0.7% during the 3rd quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer's stock worth $2,048,000 after purchasing an additional 493 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of STMicroelectronics by 6.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,967 shares of the semiconductor producer's stock worth $352,000 after buying an additional 564 shares during the last quarter. Finally, Moran Wealth Management LLC raised its holdings in shares of STMicroelectronics by 0.9% in the third quarter. Moran Wealth Management LLC now owns 68,573 shares of the semiconductor producer's stock worth $2,039,000 after buying an additional 634 shares during the last quarter. Institutional investors own 5.05% of the company's stock.

STMicroelectronics Stock Performance

Shares of NYSE:STM opened at $25.87 on Wednesday. The company has a current ratio of 2.84, a quick ratio of 2.16 and a debt-to-equity ratio of 0.12. STMicroelectronics has a 12 month low of $23.95 and a 12 month high of $50.94. The company has a market capitalization of $23.37 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 3.20 and a beta of 1.53. The firm's 50-day moving average is $26.56 and its 200 day moving average is $31.93.

STMicroelectronics (NYSE:STM - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The semiconductor producer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the prior year, the company posted $1.16 EPS. STMicroelectronics's quarterly revenue was down 26.6% on a year-over-year basis. Research analysts predict that STMicroelectronics will post 1.64 EPS for the current year.

STMicroelectronics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Tuesday, March 25th. STMicroelectronics's dividend payout ratio is currently 12.35%.

About STMicroelectronics

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.