Brokerages Set STMicroelectronics (NYSE:STM) Price Target at $31.26

Shares of STMicroelectronics (NYSE:STM) have been assigned an average recommendation of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $31.26.

Several research firms have recently weighed in on STM. Robert W. Baird reduced their price objective on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Sanford C. Bernstein cut shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $33.00 to $26.00 in a research note on Wednesday, February 5th. TD Cowen lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating and cut their price objective for the stock from $32.00 to $25.00 in a research report on Monday, January 13th. Morgan Stanley downgraded shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 4th. Finally, BNP Paribas assumed coverage on shares of STMicroelectronics in a research report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 price target on the stock.

Institutional Investors Weigh In On STMicroelectronics

Several hedge funds have recently bought and sold shares of STM. Truvestments Capital LLC acquired a new position in STMicroelectronics during the third quarter worth approximately $25,000. Archer Investment Corp acquired a new stake in shares of STMicroelectronics in the third quarter valued at approximately $30,000. GAMMA Investing LLC boosted its stake in shares of STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock worth $30,000 after acquiring an additional 531 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in shares of STMicroelectronics during the 4th quarter worth approximately $31,000. Finally, Smartleaf Asset Management LLC raised its stake in STMicroelectronics by 225.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock valued at $33,000 after acquiring an additional 921 shares during the period. 5.05% of the stock is currently owned by institutional investors and hedge funds.

STMicroelectronics Stock Performance

Shares of STM stock opened at $22.54 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. STMicroelectronics has a 52 week low of $21.36 and a 52 week high of $49.05. The company’s 50 day moving average price is $24.89 and its two-hundred day moving average price is $27.22. The company has a market capitalization of $20.36 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 0.97 and a beta of 1.51.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. On average, analysts expect that STMicroelectronics will post 0.82 earnings per share for the current fiscal year.

STMicroelectronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, March 25th. This represents a $0.36 annualized dividend and a dividend yield of 1.60%. STMicroelectronics’s dividend payout ratio is presently 18.67%.

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.