STMicroelectronics NV (NYSE:STM) had its target price reduced by research analysts at Craig Hallum from $10.00 to $8.00 in a research note issued on Friday. The firm presently has a “buy” rating on the stock. Craig Hallum’s target price points to a potential downside of 1.36% from the stock’s current price.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised STMicroelectronics NV from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a report on Thursday, October 6th. TheStreet raised STMicroelectronics NV from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. Robert W. Baird raised STMicroelectronics NV from a “neutral” rating to an “outperform” rating and increased their target price for the company from $7.00 to $11.00 in a report on Monday, October 10th. Finally, Bank of America Corp. cut STMicroelectronics NV from a “neutral” rating to an “underperform” rating in a report on Friday, September 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. STMicroelectronics NV presently has an average rating of “Buy” and a consensus price target of $8.70.
Shares of STMicroelectronics NV (NYSE:STM) opened at 8.11 on Friday. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 96.55 and a beta of 0.93. STMicroelectronics NV has a 12 month low of $5.11 and a 12 month high of $8.41. The firm’s 50-day moving average price is $7.86 and its 200-day moving average price is $6.59.
STMicroelectronics NV (NYSE:STM) last announced its earnings results on Wednesday, July 27th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by $0.00. STMicroelectronics NV had a net margin of 1.10% and a return on equity of 2.55%. The firm had revenue of $1.70 million for the quarter, compared to analyst estimates of $1.76 million. During the same period in the previous year, the company earned $0.04 EPS. STMicroelectronics NV’s revenue was down 3.2% compared to the same quarter last year. Equities research analysts expect that STMicroelectronics NV will post $0.20 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 27th. Investors of record on Tuesday, September 20th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 2.96%. STMicroelectronics NV’s dividend payout ratio is presently 250.03%.
Several large investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. raised its position in shares of STMicroelectronics NV by 0.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 17,970 shares of the company’s stock valued at $106,000 after buying an additional 162 shares during the last quarter. Checchi Capital Advisers LLC raised its position in shares of STMicroelectronics NV by 13.6% in the second quarter. Checchi Capital Advisers LLC now owns 19,213 shares of the company’s stock valued at $113,000 after buying an additional 2,302 shares during the last quarter. Jefferies Group LLC raised its position in shares of STMicroelectronics NV by 8.0% in the second quarter. Jefferies Group LLC now owns 20,549 shares of the company’s stock valued at $121,000 after buying an additional 1,529 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of STMicroelectronics NV during the second quarter valued at $167,000. Finally, BNP Paribas Arbitrage SA acquired a new position in shares of STMicroelectronics NV during the second quarter valued at $206,000. 2.07% of the stock is owned by hedge funds and other institutional investors.
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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