Shares of STMicroelectronics NV (NYSE:STM) have been assigned an average rating of “Hold” from the seven research firms that are currently covering the firm. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $7.75.
Several analysts recently weighed in on the company. Zacks Investment Research raised STMicroelectronics NV from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. Bank of America Corp. cut STMicroelectronics NV from a “neutral” rating to an “underperform” rating in a report on Friday, September 2nd. Finally, TheStreet raised STMicroelectronics NV from a “hold” rating to a “buy” rating in a report on Thursday, August 4th.
Shares of STMicroelectronics NV (NYSE:STM) opened at 8.15 on Thursday. The firm has a 50-day moving average price of $7.72 and a 200-day moving average price of $6.39. The company has a market capitalization of $7.20 billion, a PE ratio of 97.02 and a beta of 0.90. STMicroelectronics NV has a 12 month low of $5.11 and a 12 month high of $8.21.
STMicroelectronics NV (NYSE:STM) last issued its earnings results 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 business had revenue of $1.70 million for the quarter, compared to the consensus estimate of $1.76 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts predict that STMicroelectronics NV will post $0.20 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 27th. Shareholders of record on Tuesday, September 20th were issued a $0.06 dividend. The ex-dividend date was Friday, September 16th. This represents a $0.24 annualized dividend and a yield of 2.94%. STMicroelectronics NV’s dividend payout ratio is presently 250.03%.
A number of institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in shares of STMicroelectronics NV by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 18,729 shares of the company’s stock valued at $105,000 after buying an additional 439 shares in the last quarter. Sensato Investors LLC boosted its position in shares of STMicroelectronics NV by 62.7% in the first quarter. Sensato Investors LLC now owns 2,608,731 shares of the company’s stock valued at $14,557,000 after buying an additional 1,005,411 shares in the last quarter. Royal Bank of Canada boosted its position in shares of STMicroelectronics NV by 178.1% in the first quarter. Royal Bank of Canada now owns 110,312 shares of the company’s stock valued at $615,000 after buying an additional 70,648 shares in the last quarter. BNP Paribas Arbitrage SA bought a new position in shares of STMicroelectronics NV during the second quarter valued at $206,000. Finally, Highland Capital Management LLC boosted its position in shares of STMicroelectronics NV by 1.1% in the second quarter. Highland Capital Management LLC now owns 220,097 shares of the company’s stock valued at $1,296,000 after buying an additional 2,500 shares in the last quarter. 2.07% of the stock is owned by hedge funds and other institutional investors.
About STMicroelectronics NV
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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