STMicroelectronics NV (STM) Upgraded to Outperform by Robert W. Baird
Robert W. Baird upgraded shares of STMicroelectronics NV (NYSE:STM) from a neutral rating to an outperform rating in a research note issued to investors on Monday morning. They currently have $11.00 target price on the stock, up from their previous target price of $7.00.
Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of STMicroelectronics NV from a sell rating to a hold rating in a report on Wednesday, July 13th. TheStreet raised shares of STMicroelectronics NV from a hold rating to a buy rating in a research note on Thursday, August 4th. Finally, Bank of America Corp. downgraded shares of STMicroelectronics NV from a neutral rating to an underperform rating in a research note on Friday, September 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $8.88.
Shares of STMicroelectronics NV (NYSE:STM) traded down 2.17% during trading on Monday, hitting $8.12. The stock had a trading volume of 1,270,870 shares. The firm has a market cap of $7.17 billion, a PE ratio of 96.67 and a beta of 0.93. The stock has a 50 day moving average of $7.82 and a 200 day moving average of $6.51. STMicroelectronics NV has a 52-week low of $5.11 and a 52-week high of $8.41.
STMicroelectronics NV (NYSE:STM) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.00. STMicroelectronics NV had a return on equity of 2.55% and a net margin of 1.10%. The company earned $1.70 million during the quarter, compared to analysts’ expectations of $1.76 million. During the same quarter last year, the business earned $0.04 earnings per share. The business’s quarterly revenue was down 3.2% on a year-over-year basis. On average, equities analysts anticipate that STMicroelectronics NV will post $0.20 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 27th. Shareholders of record on Tuesday, September 20th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Friday, September 16th. STMicroelectronics NV’s dividend payout ratio (DPR) is presently 250.03%.
A number of large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in STMicroelectronics NV by 42.9% in the third quarter. BNP Paribas Arbitrage SA now owns 50,000 shares of the company’s stock worth $408,000 after buying an additional 15,000 shares during the period. GLG LLC bought a new stake in STMicroelectronics NV during the second quarter worth approximately $312,000. Guggenheim Capital LLC increased its stake in STMicroelectronics NV by 0.5% in the second quarter. Guggenheim Capital LLC now owns 254,028 shares of the company’s stock worth $1,496,000 after buying an additional 1,217 shares during the period. Parametric Portfolio Associates LLC increased its stake in STMicroelectronics NV by 97.0% in the second quarter. Parametric Portfolio Associates LLC now owns 469,701 shares of the company’s stock worth $2,767,000 after buying an additional 231,256 shares during the period. Finally, KCG Holdings Inc. increased its stake in STMicroelectronics NV by 40.0% in the second quarter. KCG Holdings Inc. now owns 36,039 shares of the company’s stock worth $212,000 after buying an additional 10,304 shares during the period. 2.07% of the stock is owned by institutional investors and hedge funds.
STMicroelectronics NV Company Profile
STMicroelectronics N.V. is a global semiconductor company. The Company is focused on Smart Driving, enabled by digitalization and electrification of the car, and the Internet of Things, including portable and wearable systems, as well as smart home, city and industry 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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