STMicroelectronics N.V. (NYSE:STM – Get Free Report)’s share price traded down 1.6% on Wednesday . The company traded as low as $73.28 and last traded at $73.3640. 11,329,918 shares were traded during mid-day trading, an increase of 10% from the average session volume of 10,289,285 shares. The stock had previously closed at $74.55.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a research note on Thursday, June 11th. Robert W. Baird set a $90.00 price target on STMicroelectronics in a research note on Friday, April 24th. Mizuho lifted their price target on STMicroelectronics from $68.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Weiss Ratings upgraded STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, UBS Group set a $100.00 price target on STMicroelectronics in a research note on Wednesday, June 10th. Eleven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.39.
Check Out Our Latest Research Report on STMicroelectronics
STMicroelectronics Stock Performance
STMicroelectronics (NYSE:STM – Get Free Report) last issued its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $3.10 billion during the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%. As a group, sell-side analysts anticipate that STMicroelectronics N.V. will post 1.17 EPS for the current year.
STMicroelectronics Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a $0.36 annualized dividend and a yield of 0.5%. STMicroelectronics’s payout ratio is currently 187.50%.
Hedge Funds Weigh In On STMicroelectronics
Institutional investors have recently made changes to their positions in the stock. Portus Wealth Advisors LLC acquired a new position in shares of STMicroelectronics in the first quarter worth $32,000. CIBC Private Wealth Group LLC raised its holdings 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 acquiring an additional 974 shares during the last quarter. Abound Wealth Management acquired a new position in shares of STMicroelectronics in the fourth quarter worth $26,000. Public Employees Retirement System of Ohio acquired a new position in shares of STMicroelectronics in the first quarter worth $45,000. Finally, Advisory Services Network LLC acquired a new position in shares of STMicroelectronics in the third quarter worth $52,000. 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.
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