STMicroelectronics N.V. (NYSE:STM) Receives Average Rating of “Moderate Buy” from Brokerages

STMicroelectronics N.V. (NYSE:STM) has received an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $51.9286.

Several research firms recently weighed in on STM. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of STMicroelectronics in a research report on Friday, May 15th. Citigroup reissued a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Craig Hallum upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Thursday, April 23rd. Morgan Stanley reiterated an “overweight” rating on shares of STMicroelectronics in a report on Thursday. Finally, TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th.

STMicroelectronics Price Performance

Shares of STM opened at $69.20 on Wednesday. The firm has a market capitalization of $62.16 billion, a PE ratio of 432.55 and a beta of 1.94. The company’s 50-day moving average is $48.68 and its 200-day moving average is $35.56. STMicroelectronics has a fifty-two week low of $21.11 and a fifty-two week high of $71.07. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. The company had revenue of $3.10 billion for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. Equities analysts forecast that STMicroelectronics will post 1.09 EPS for the current year.

STMicroelectronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a $0.36 annualized dividend and a dividend yield of 0.5%. STMicroelectronics’s dividend payout ratio (DPR) is 193.75%.

Institutional Trading of STMicroelectronics

Several large investors have recently modified their holdings of STM. ABC Arbitrage SA raised its stake in shares of STMicroelectronics by 378.6% during the 3rd quarter. ABC Arbitrage SA now owns 620,238 shares of the semiconductor producer’s stock worth $17,528,000 after purchasing an additional 490,652 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of STMicroelectronics by 19.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,990,874 shares of the semiconductor producer’s stock worth $112,782,000 after buying an additional 641,327 shares during the last quarter. Ingalls & Snyder LLC boosted its holdings in shares of STMicroelectronics by 38.1% in the 3rd quarter. Ingalls & Snyder LLC now owns 337,427 shares of the semiconductor producer’s stock worth $9,536,000 after buying an additional 93,111 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of STMicroelectronics by 43.4% in the 3rd quarter. Penserra Capital Management LLC now owns 927,695 shares of the semiconductor producer’s stock worth $26,216,000 after buying an additional 280,615 shares during the last quarter. Finally, Maxi Investments CY Ltd purchased a new position in shares of STMicroelectronics in the 4th quarter worth about $2,335,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Company Profile

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.