Credit Suisse Group reaffirmed their buy rating on shares of STMicroelectronics (NYSE:STM) in a report issued on Monday.

Several other equities research analysts also recently commented on STM. Goldman Sachs Group reiterated a hold rating on shares of STMicroelectronics in a report on Wednesday, November 7th. UBS Group upgraded STMicroelectronics from a sell rating to a neutral rating in a report on Monday, October 29th. Zacks Investment Research upgraded STMicroelectronics from a sell rating to a hold rating in a report on Saturday, October 27th. Robert W. Baird downgraded STMicroelectronics from a neutral rating to an underperform rating in a report on Thursday, October 25th. Finally, Baader Bank reiterated a hold rating on shares of STMicroelectronics in a report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $23.48.

STM opened at $14.09 on Monday. The company has a quick ratio of 1.81, a current ratio of 2.54 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $12.39 billion, a PE ratio of 14.38, a P/E/G ratio of 1.99 and a beta of 1.08. STMicroelectronics has a 1 year low of $13.39 and a 1 year high of $26.43.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Wednesday, October 24th. The semiconductor producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.04. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.50 billion. STMicroelectronics had a return on equity of 21.97% and a net margin of 12.41%. STMicroelectronics’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS. Sell-side analysts forecast that STMicroelectronics will post 1.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Tuesday, December 18th will be issued a $0.06 dividend. The ex-dividend date is Monday, December 17th. This represents a $0.24 annualized dividend and a yield of 1.70%. STMicroelectronics’s payout ratio is 20.41%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its stake in shares of STMicroelectronics by 6,533.7% during the 2nd 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 purchasing an additional 1,227,821 shares during the period. Marshall Wace LLP bought a new stake in shares of STMicroelectronics during the 2nd quarter valued at about $3,005,000. Centaurus Financial Inc. bought a new stake in shares of STMicroelectronics during the 2nd quarter valued at about $125,000. Raymond James & Associates grew its stake in shares of STMicroelectronics by 11.0% during the 2nd quarter. Raymond James & Associates now owns 121,516 shares of the semiconductor producer’s stock valued at $2,688,000 after purchasing an additional 12,077 shares during the period. Finally, Pittenger & Anderson Inc. grew its stake in shares of STMicroelectronics by 52.5% during the 2nd quarter. Pittenger & Anderson Inc. now owns 30,500 shares of the semiconductor producer’s stock valued at $675,000 after purchasing an additional 10,500 shares during the period. Institutional investors own 4.12% 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.

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Analyst Recommendations for STMicroelectronics (NYSE:STM)

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