STMicroelectronics NV (NYSE:STM) has received a consensus rating of “Hold” from the fourteen brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $22.72.
Several analysts have recently issued reports on the stock. Bank of America raised shares of STMicroelectronics from an “underperform” rating to a “neutral” rating in a research report on Thursday, September 13th. Zacks Investment Research lowered shares of STMicroelectronics from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. ValuEngine lowered shares of STMicroelectronics from a “sell” rating to a “strong sell” rating in a research report on Monday, September 17th. Credit Suisse Group reissued a “buy” rating on shares of STMicroelectronics in a research report on Monday, November 19th. Finally, Robert W. Baird lowered shares of STMicroelectronics from a “neutral” rating to an “underperform” rating in a research report on Thursday, October 25th.
Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in STMicroelectronics by 6,533.7% during the second quarter. Bank of New York Mellon Corp now owns 1,246,613 shares of the semiconductor producer’s stock valued at $27,575,000 after acquiring an additional 1,227,821 shares in the last quarter. Marshall Wace LLP purchased a new position in STMicroelectronics in the 2nd quarter worth approximately $3,005,000. Centaurus Financial Inc. purchased a new position in STMicroelectronics in the 2nd quarter worth approximately $125,000. Raymond James & Associates grew its stake in STMicroelectronics by 11.0% in the 2nd quarter. Raymond James & Associates now owns 121,516 shares of the semiconductor producer’s stock worth $2,688,000 after buying an additional 12,077 shares in the last quarter. Finally, Pittenger & Anderson Inc. grew its stake in STMicroelectronics by 52.5% in the 2nd quarter. Pittenger & Anderson Inc. now owns 30,500 shares of the semiconductor producer’s stock worth $675,000 after buying an additional 10,500 shares in the last quarter. 3.73% of the stock is owned by institutional investors.
STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Wednesday, October 24th. The semiconductor producer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. STMicroelectronics had a net margin of 12.41% and a return on equity of 21.97%. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, equities research analysts expect that STMicroelectronics will post 1.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Tuesday, December 18th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 17th. This represents a $0.24 annualized dividend and a yield of 1.80%. STMicroelectronics’s dividend payout ratio is currently 20.41%.
STMicroelectronics Company Profile
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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