STMicroelectronics N.V. (NYSE:STM – Get Free Report)’s stock price was down 2.2% during trading on Tuesday . The company traded as low as $67.73 and last traded at $73.3540. Approximately 24,081,094 shares traded hands during trading, an increase of 138% from the average daily volume of 10,110,138 shares. The stock had previously closed at $75.01.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on STM shares. Morgan Stanley reissued an “overweight” rating on shares of STMicroelectronics in a research report on Thursday, May 28th. Bank of America increased their target price on shares of STMicroelectronics from $73.00 to $83.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Mizuho raised their price target on shares of STMicroelectronics from $68.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Susquehanna raised their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, February 23rd. Finally, Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $57.81.
Get Our Latest Research Report on STM
STMicroelectronics Trading Down 2.2%
STMicroelectronics (NYSE:STM – Get Free Report) last posted its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $3.10 billion during the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. On average, sell-side analysts forecast that STMicroelectronics N.V. will post 1.17 earnings per share for the current year.
STMicroelectronics Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd will be paid a $0.09 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.5%. STMicroelectronics’s dividend payout ratio is presently 193.75%.
Institutional Trading of STMicroelectronics
A number of hedge funds and other institutional investors have recently made changes to their positions in STM. Morgan Stanley increased its stake in shares of STMicroelectronics by 40.6% in the fourth 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 acquired a new stake in shares of STMicroelectronics in the fourth quarter worth $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 worth $113,151,000 after acquiring an additional 1,608,029 shares during the period. Defiance ETFs LLC acquired a new stake in shares of STMicroelectronics in the fourth quarter worth $39,545,000. Finally, Two Sigma Investments LP increased its stake in shares of STMicroelectronics by 135.0% in the third quarter. Two Sigma Investments LP now owns 2,322,540 shares of the semiconductor producer’s stock worth $65,635,000 after acquiring an additional 1,334,192 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.
STMicroelectronics Company Profile
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
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
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.
