STMicroelectronics (NYSE:STM) Given Consensus Rating of “Moderate Buy” by Brokerages

STMicroelectronics (NYSE:STM) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $50.75.

Several analysts have issued reports on the company. Craig Hallum dropped their target price on STMicroelectronics from $50.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, January 25th. StockNews.com cut STMicroelectronics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. HSBC assumed coverage on STMicroelectronics in a report on Thursday, February 22nd. They issued a “buy” rating for the company. Finally, Susquehanna restated a “positive” rating and issued a $55.00 target price on shares of STMicroelectronics in a report on Monday, April 8th.

Hedge Funds Weigh In On STMicroelectronics

A number of hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of STMicroelectronics by 41.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,026 shares of the semiconductor producer’s stock worth $520,000 after purchasing an additional 3,542 shares during the period. Capital Advisors Wealth Management LLC lifted its stake in STMicroelectronics by 8.2% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 4,822 shares of the semiconductor producer’s stock worth $209,000 after acquiring an additional 365 shares in the last quarter. Ballentine Partners LLC lifted its stake in STMicroelectronics by 14.1% during the 1st quarter. Ballentine Partners LLC now owns 10,536 shares of the semiconductor producer’s stock worth $456,000 after acquiring an additional 1,298 shares in the last quarter. Mather Group LLC. acquired a new position in STMicroelectronics during the 1st quarter worth about $28,000. Finally, Quadrature Capital Ltd lifted its stake in STMicroelectronics by 337.8% during the 4th quarter. Quadrature Capital Ltd now owns 510,834 shares of the semiconductor producer’s stock worth $25,561,000 after acquiring an additional 394,147 shares in the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

STMicroelectronics Stock Down 0.8 %

Shares of STM opened at $40.32 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.44 and a current ratio of 3.17. STMicroelectronics has a one year low of $37.21 and a one year high of $55.85. The stock has a market capitalization of $36.40 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 2.72 and a beta of 1.69. The stock has a 50 day moving average price of $44.49 and a 200 day moving average price of $44.75.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor producer reported $1.14 EPS for the quarter, topping the consensus estimate of $0.95 by $0.19. STMicroelectronics had a return on equity of 27.70% and a net margin of 24.36%. The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the business earned $1.32 earnings per share. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities research analysts forecast that STMicroelectronics will post 3.02 earnings per share for the current fiscal year.

STMicroelectronics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This is a boost from STMicroelectronics’s previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.89%. STMicroelectronics’s dividend payout ratio is currently 4.48%.

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.