STMicroelectronics N.V. (NYSE:STM – Get Free Report)’s share price traded up 2.1% during mid-day trading on Monday . The stock traded as high as $80.43 and last traded at $78.9090. 10,155,213 shares changed hands during trading, a decline of 1% from the average session volume of 10,256,567 shares. The stock had previously closed at $77.30.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Bank of America raised STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Wednesday, June 10th. UBS Group set a $100.00 price target on STMicroelectronics in a report on Wednesday, June 10th. Robert W. Baird set a $90.00 price target on STMicroelectronics in a report on Friday, April 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of STMicroelectronics in a report on Thursday, May 28th. Eleven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.39.
Get Our Latest Analysis on STMicroelectronics
STMicroelectronics Stock Up 2.1%
STMicroelectronics (NYSE:STM – Get Free Report) last posted its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. The firm had revenue of $3.10 billion for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%. Equities research analysts expect that STMicroelectronics N.V. will post 1.17 earnings per share for the current fiscal year.
STMicroelectronics Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders 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 annualized dividend and a yield of 0.5%. STMicroelectronics’s dividend payout ratio (DPR) is presently 193.75%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Portus Wealth Advisors LLC bought a new position in STMicroelectronics during the 1st quarter worth $32,000. CIBC Private Wealth Group LLC increased its position in shares of STMicroelectronics by 3,746.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after purchasing an additional 974 shares during the period. Abound Wealth Management bought a new position in shares of STMicroelectronics in the fourth quarter worth $26,000. Public Employees Retirement System of Ohio bought a new position in shares of STMicroelectronics in the first quarter worth $45,000. Finally, Advisory Services Network LLC bought a new position in shares of STMicroelectronics in the third quarter worth $52,000. Institutional investors 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.
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