STMicroelectronics NV (NYSE:STM) was upgraded by Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued on Monday. The brokerage currently has a $11.00 price objective on the stock, up from their previous price objective of $7.00. Robert W. Baird’s price objective would suggest a potential upside of 32.37% from the stock’s previous close.
Other analysts have also issued reports about the company. TheStreet upgraded STMicroelectronics NV from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. Zacks Investment Research upgraded STMicroelectronics NV from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research report on Friday, July 29th. Finally, Bank of America Corp. lowered STMicroelectronics NV from a “neutral” rating to an “underperform” rating in a research report on Friday, September 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $8.88.
STMicroelectronics NV (NYSE:STM) opened at 8.31 on Monday. The firm has a market cap of $7.34 billion, a P/E ratio of 98.93 and a beta of 0.93. STMicroelectronics NV has a one year low of $5.11 and a one year high of $8.32. The stock has a 50 day moving average price of $7.80 and a 200-day moving average price of $6.47.
STMicroelectronics NV (NYSE:STM) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.00. The firm earned $1.70 million during the quarter, compared to analyst estimates of $1.76 million. STMicroelectronics NV had a return on equity of 2.55% and a net margin of 1.10%. STMicroelectronics NV’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.04 earnings per share. Analysts predict that STMicroelectronics NV will post $0.20 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 27th. Shareholders of record on Tuesday, September 20th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Friday, September 16th. STMicroelectronics NV’s dividend payout ratio (DPR) is currently 250.03%.
A number of institutional investors have recently modified their holdings of the company. 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 worth $615,000 after buying an additional 70,648 shares during the period. BNP Paribas Arbitrage SA acquired a new position in STMicroelectronics NV during the second quarter valued at $206,000. Checchi Capital Advisers LLC boosted its position in 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 period. Sensato Investors LLC boosted its position in 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 during the period. Finally, First Trust Advisors LP boosted its position in STMicroelectronics NV by 44.6% in the second quarter. First Trust Advisors LP now owns 123,756 shares of the company’s stock valued at $729,000 after buying an additional 38,170 shares during the period. Hedge funds and other institutional investors own 2.07% of the company’s stock.
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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