STMicroelectronics N.V. (NYSE:STM – Get Free Report) shares were up 5.9% during mid-day trading on Monday . The company traded as high as $76.66 and last traded at $74.8630. Approximately 13,065,390 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 9,980,216 shares. The stock had previously closed at $70.72.
Analysts Set New Price Targets
Several research firms recently issued reports on STM. Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Mizuho boosted their target price on shares of STMicroelectronics from $68.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Robert W. Baird set a $90.00 target price on shares of STMicroelectronics in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a research note on Friday, May 15th. Finally, Weiss Ratings upgraded STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $57.81.
Get Our Latest Research Report on STM
STMicroelectronics Price Performance
STMicroelectronics (NYSE:STM – Get Free Report) last issued its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. The firm had revenue of $3.10 billion for the quarter. Equities research analysts expect that STMicroelectronics N.V. will post 1.17 earnings per share for the current year.
STMicroelectronics Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 22nd. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. STMicroelectronics’s payout ratio is currently 187.50%.
Institutional Investors Weigh In On STMicroelectronics
Large investors have recently added to or reduced their stakes in the stock. Morgan Stanley increased its holdings in shares of STMicroelectronics by 40.6% in the 4th quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock worth $159,691,000 after acquiring an additional 1,778,113 shares during the period. Marshall Wace LLP bought a new position in STMicroelectronics in the 4th quarter worth about $42,731,000. Invesco Ltd. increased its stake in shares of STMicroelectronics by 67.1% in the third quarter. Invesco Ltd. now owns 4,003,933 shares of the semiconductor producer’s stock valued at $113,151,000 after purchasing an additional 1,608,029 shares during the period. Defiance ETFs LLC bought a new stake in shares of STMicroelectronics during the fourth quarter valued at approximately $39,545,000. Finally, Two Sigma Investments LP raised its holdings in shares of STMicroelectronics by 135.0% during the third quarter. Two Sigma Investments LP now owns 2,322,540 shares of the semiconductor producer’s stock valued at $65,635,000 after buying an additional 1,334,192 shares during the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.
About STMicroelectronics
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.
Read More
- Five stocks we like better than STMicroelectronics
- 3 Stocks With Fresh Catalysts to Watch Before the July 4
- Amprius Insiders Are Selling: Should Investors Be Worried?
- A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
- A Market Rotation Toward Quality Will Benefit These 3 ETFs
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.
