STMicroelectronics (NYSE:STM) Price Target Cut to $28.00 by Analysts at Susquehanna

STMicroelectronics (NYSE:STM) had its target price trimmed by Susquehanna from $33.00 to $28.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a positive rating on the semiconductor producer’s stock.

A number of other research analysts also recently commented on the company. Robert W. Baird dropped their price objective on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Craig Hallum cut their price objective on shares of STMicroelectronics from $42.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Citigroup upgraded shares of STMicroelectronics to a “strong-buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of STMicroelectronics in a research note on Monday, December 9th. Finally, TD Cowen downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating and decreased their price objective for the company from $32.00 to $25.00 in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, STMicroelectronics presently has an average rating of “Hold” and a consensus price target of $33.40.

STMicroelectronics Stock Down 0.5 %

Shares of STMicroelectronics stock opened at $22.41 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. STMicroelectronics has a 52-week low of $21.96 and a 52-week high of $49.05. The company has a market capitalization of $20.24 billion, a P/E ratio of 9.22, a P/E/G ratio of 4.36 and a beta of 1.52. The company has a 50 day moving average of $25.29 and a 200 day moving average of $28.14.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. As a group, research analysts forecast that STMicroelectronics will post 1.64 EPS for the current fiscal year.

STMicroelectronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.61%. The ex-dividend date is Tuesday, March 25th. STMicroelectronics’s dividend payout ratio (DPR) is presently 12.76%.

Institutional Investors Weigh In On STMicroelectronics

Several large investors have recently modified their holdings of the stock. Truvestments Capital LLC purchased a new stake in STMicroelectronics in the 3rd quarter valued at approximately $25,000. Archer Investment Corp acquired a new stake in shares of STMicroelectronics in the 3rd quarter valued at approximately $30,000. Waldron Private Wealth LLC purchased a new stake in shares of STMicroelectronics in the third quarter valued at approximately $34,000. GAMMA Investing LLC grew its holdings in STMicroelectronics by 81.4% during the fourth 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. Finally, Newbridge Financial Services Group Inc. purchased a new position in STMicroelectronics in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Company Profile

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.