ValuEngine upgraded shares of STMicroelectronics (NYSE:STM) from a sell rating to a hold rating in a research report released on Monday, February 4th.
Other equities analysts also recently issued reports about the stock. Baader Bank reiterated a hold rating on shares of STMicroelectronics in a report on Wednesday, October 24th. UBS Group restated a hold rating on shares of STMicroelectronics in a research note on Friday, January 18th. Credit Suisse Group restated a buy rating on shares of STMicroelectronics in a research note on Friday, January 18th. Societe Generale set a $22.00 target price on STMicroelectronics and gave the company a buy rating in a research report on Friday, January 25th. Finally, Craig Hallum dropped their target price on STMicroelectronics from $28.00 to $20.00 and set a buy rating on the stock in a research report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $18.91.
Shares of STM traded up $0.40 during trading hours on Monday, reaching $16.76. 2,695,946 shares of the company traded hands, compared to its average volume of 2,363,440. The firm has a market capitalization of $15.03 billion, a P/E ratio of 11.72, a P/E/G ratio of 3.11 and a beta of 1.12. STMicroelectronics has a 12-month low of $12.00 and a 12-month high of $26.43. The company has a current ratio of 2.76, a quick ratio of 2.02 and a debt-to-equity ratio of 0.27.
STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, January 24th. The semiconductor producer reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.61 billion. STMicroelectronics had a net margin of 13.32% and a return on equity of 29.91%. During the same period in the previous year, the firm earned $0.36 earnings per share. Analysts predict that STMicroelectronics will post 1.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 19th will be given a $0.06 dividend. The ex-dividend date is Monday, March 18th. This represents a $0.24 annualized dividend and a yield of 1.43%. STMicroelectronics’s dividend payout ratio is presently 13.99%.
Institutional investors have recently added to or reduced their stakes in the business. Ipswich Investment Management Co. Inc. purchased a new stake in STMicroelectronics in the 4th quarter worth approximately $61,000. Financial Gravity Companies Inc. acquired a new position in shares of STMicroelectronics during the 4th quarter worth approximately $63,000. Quantamental Technologies LLC acquired a new position in shares of STMicroelectronics during the 4th quarter worth approximately $89,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of STMicroelectronics during the 4th quarter worth approximately $99,000. Finally, Cetera Investment Advisers acquired a new position in shares of STMicroelectronics during the 4th quarter worth approximately $152,000. Institutional investors and hedge funds own 3.37% of the company’s stock.
STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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