STMicroelectronics (NYSE:STM) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of STMicroelectronics (NYSE:STM) from a sell rating to a hold rating in a research note published on Tuesday morning, ValuEngine reports.

Other research analysts have also issued reports about the stock. Craig Hallum cut their target price on shares of STMicroelectronics from $32.00 to $24.00 and set a buy rating on the stock in a research note on Thursday, March 19th. Canaccord Genuity initiated coverage on shares of STMicroelectronics in a research note on Wednesday, December 18th. They set a buy rating on the stock. Goldman Sachs Group reissued a neutral rating on shares of STMicroelectronics in a research note on Wednesday, January 8th. Citigroup raised shares of STMicroelectronics from a neutral rating to a buy rating in a research note on Thursday, March 19th. Finally, Robert W. Baird raised shares of STMicroelectronics from an underperform rating to a neutral rating and increased their target price for the stock from $20.00 to $30.00 in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. STMicroelectronics presently has a consensus rating of Buy and a consensus price target of $23.31.

Shares of NYSE:STM traded down $1.22 during trading on Tuesday, reaching $20.22. The stock had a trading volume of 1,736,412 shares, compared to its average volume of 4,298,494. The firm’s fifty day moving average is $25.75 and its 200 day moving average is $24.58. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.21 and a current ratio of 3.03. STMicroelectronics has a 52 week low of $14.28 and a 52 week high of $31.98. The stock has a market cap of $18.42 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 2.98 and a beta of 1.41.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor producer reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.06. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.69 billion. STMicroelectronics had a net margin of 10.80% and a return on equity of 15.33%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 EPS. On average, research analysts forecast that STMicroelectronics will post 1.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 17th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Monday, March 16th. This is an increase from STMicroelectronics’s previous quarterly dividend of $0.05. STMicroelectronics’s dividend payout ratio (DPR) is 17.39%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its stake in STMicroelectronics by 11.0% in the fourth quarter. Quadrant Capital Group LLC now owns 19,940 shares of the semiconductor producer’s stock valued at $526,000 after purchasing an additional 1,969 shares in the last quarter. RMR Wealth Builders purchased a new position in shares of STMicroelectronics during the fourth quarter worth approximately $44,000. Pearl River Capital LLC purchased a new position in shares of STMicroelectronics during the fourth quarter worth approximately $213,000. Sunbelt Securities Inc. purchased a new position in shares of STMicroelectronics during the fourth quarter worth approximately $3,000,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of STMicroelectronics during the fourth quarter worth approximately $9,446,000. Institutional investors and hedge funds own 3.29% of the company’s stock.

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.

Featured Article: Stock Split

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for STMicroelectronics (NYSE:STM)

Receive News & Ratings for STMicroelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics and related companies with MarketBeat.com's FREE daily email newsletter.