STMicroelectronics N.V. (NYSE:STM – Get Free Report) shares were up 1.6% on Monday . The company traded as high as $81.17 and last traded at $79.6250. Approximately 10,388,553 shares were traded during mid-day trading, an increase of 0% from the average session volume of 10,351,854 shares. The stock had previously closed at $78.39.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on STM shares. Bank of America raised STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Wednesday, June 10th. TD Cowen reaffirmed a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. UBS Group set a $100.00 price objective on STMicroelectronics in a research report on Wednesday, June 10th. Craig Hallum upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Thursday, April 23rd. Finally, Citigroup reiterated a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Eleven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.39.
Read Our Latest Analysis on STMicroelectronics
STMicroelectronics Price Performance
STMicroelectronics (NYSE:STM – Get Free Report) last released its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%.The business had revenue of $3.10 billion during the quarter. On average, equities research analysts anticipate that STMicroelectronics N.V. will post 1.17 earnings per share for the current fiscal year.
STMicroelectronics Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd will be given a $0.09 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a $0.36 annualized dividend and a dividend yield of 0.5%. STMicroelectronics’s dividend payout ratio is currently 187.50%.
Institutional Investors Weigh In On STMicroelectronics
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in STMicroelectronics by 12.2% during the fourth quarter. Van ECK Associates Corp now owns 10,532,428 shares of the semiconductor producer’s stock worth $273,211,000 after buying an additional 1,145,426 shares in the last quarter. Morgan Stanley lifted its position 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 valued at $159,691,000 after acquiring an additional 1,778,113 shares in the last quarter. Invesco Ltd. boosted its stake in shares of STMicroelectronics by 29.9% during the fourth quarter. Invesco Ltd. now owns 5,199,951 shares of the semiconductor producer’s stock valued at $134,887,000 after acquiring an additional 1,196,018 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of STMicroelectronics by 43.9% during the second quarter. Bank of America Corp DE now owns 4,348,569 shares of the semiconductor producer’s stock valued at $132,240,000 after acquiring an additional 1,326,020 shares during the last quarter. Finally, FIL Ltd increased its position in STMicroelectronics by 5.0% during the 4th quarter. FIL Ltd now owns 3,107,386 shares of the semiconductor producer’s stock worth $80,606,000 after purchasing an additional 146,676 shares in the last quarter. Hedge funds and other 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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