STMicroelectronics NV (NYSE:STM)’s share price gapped up before the market opened on Friday . The stock had previously closed at $17.03, but opened at $17.54. STMicroelectronics shares last traded at $18.17, with a volume of 3583557 shares traded.
Several equities analysts have commented on STM shares. ValuEngine downgraded shares of STMicroelectronics from a “sell” rating to a “strong sell” rating in a research report on Friday, January 4th. Zacks Investment Research raised shares of STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research report on Thursday, January 10th. UBS Group reissued a “hold” rating on shares of STMicroelectronics in a research report on Friday, January 18th. Credit Suisse Group reissued a “buy” rating on shares of STMicroelectronics in a research report on Friday, January 18th. Finally, Robert W. Baird reaffirmed a “sell” rating and issued a $10.00 price target on shares of STMicroelectronics in a research report on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. STMicroelectronics has an average rating of “Hold” and a consensus target price of $17.00.
The stock has a market cap of $15.73 billion, a PE ratio of 12.71, a PEG ratio of 3.23 and a beta of 1.07. The company has a quick ratio of 2.02, a current ratio of 2.76 and a debt-to-equity ratio of 0.27.
STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Thursday, January 24th. The semiconductor producer reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.61 billion. STMicroelectronics had a return on equity of 21.88% and a net margin of 13.32%. During the same period last year, the business posted $0.36 earnings per share. On average, equities research analysts predict that STMicroelectronics NV will post 1.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 19th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Monday, March 18th. STMicroelectronics’s dividend payout ratio is currently 13.99%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in STM. Ipswich Investment Management Co. Inc. bought a new stake in shares of STMicroelectronics in the fourth quarter valued at about $61,000. Financial Gravity Companies Inc. bought a new stake in shares of STMicroelectronics in the fourth quarter valued at about $63,000. Quantamental Technologies LLC bought a new stake in shares of STMicroelectronics in the fourth quarter valued at about $89,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of STMicroelectronics in the fourth quarter valued at about $99,000. Finally, Cetera Investment Advisers bought a new stake in shares of STMicroelectronics in the fourth quarter valued at about $152,000. Institutional investors and hedge funds own 3.96% of the company’s stock.
STMicroelectronics Company Profile (NYSE:STM)
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.