STMicroelectronics N.V. (STM) Receives $18.17 Average Target Price from Analysts
Shares of STMicroelectronics N.V. (NYSE:STM) have earned a consensus rating of “Hold” from the eleven analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.17.
A number of analysts have issued reports on STM shares. BidaskClub lowered STMicroelectronics N.V. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Stifel Nicolaus raised STMicroelectronics N.V. from a “hold” rating to a “buy” rating and decreased their price target for the stock from $14.84 to $14.50 in a research note on Tuesday, June 27th. Craig Hallum reissued a “buy” rating and issued a $20.00 price target on shares of STMicroelectronics N.V. in a research note on Thursday, April 27th. Zacks Investment Research lowered STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Robert W. Baird raised their price target on STMicroelectronics N.V. from $15.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th.
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Shares of STMicroelectronics N.V. (NYSE STM) remained flat at $16.59 on Tuesday. 3,270,228 shares of the stock traded hands. The stock has a market cap of $14.73 billion, a P/E ratio of 33.93 and a beta of 0.66. The stock’s 50 day moving average is $16.30 and its 200 day moving average is $15.65. STMicroelectronics N.V. has a 12 month low of $7.24 and a 12 month high of $17.46.
STMicroelectronics N.V. (NYSE:STM) last issued its quarterly earnings results on Wednesday, July 26th. The semiconductor producer reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.01. STMicroelectronics N.V. had a return on equity of 10.60% and a net margin of 5.97%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the business posted $0.03 earnings per share. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. On average, equities analysts predict that STMicroelectronics N.V. will post $0.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Tuesday, September 19th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Monday, September 18th. STMicroelectronics N.V.’s dividend payout ratio is currently 40.00%.
STMicroelectronics N.V. declared that its board has authorized a stock repurchase plan on Thursday, June 22nd that permits the company to repurchase $297.00 million in outstanding shares. This repurchase authorization permits the semiconductor producer to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its position in STMicroelectronics N.V. by 1.3% in the first quarter. Bank of Montreal Can now owns 29,608 shares of the semiconductor producer’s stock valued at $458,000 after buying an additional 376 shares in the last quarter. Rice Hall James & Associates LLC raised its position in STMicroelectronics N.V. by 2.9% in the first quarter. Rice Hall James & Associates LLC now owns 109,866 shares of the semiconductor producer’s stock valued at $1,699,000 after buying an additional 3,146 shares in the last quarter. Navellier & Associates Inc purchased a new position in STMicroelectronics N.V. during the first quarter valued at $5,888,000. IFC Holdings Incorporated FL raised its position in STMicroelectronics N.V. by 500.7% in the first quarter. IFC Holdings Incorporated FL now owns 111,066 shares of the semiconductor producer’s stock valued at $1,721,000 after buying an additional 92,576 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in STMicroelectronics N.V. by 629.6% in the first quarter. Acadian Asset Management LLC now owns 3,807,959 shares of the semiconductor producer’s stock valued at $58,870,000 after buying an additional 3,286,041 shares in the last quarter. 5.03% of the stock is currently owned by institutional investors and hedge funds.
About STMicroelectronics N.V.
STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal 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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