STMicroelectronics N.V. (NYSE:STM – Get Free Report)’s stock price traded down 1.6% during trading on Thursday . The stock traded as low as $74.71 and last traded at $78.4270. 12,789,946 shares traded hands during trading, an increase of 30% from the average session volume of 9,842,660 shares. The stock had previously closed at $79.71.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on STM. Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Craig Hallum upgraded STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Thursday, April 23rd. Robert W. Baird set a $90.00 price objective on STMicroelectronics in a research report on Friday, April 24th. Morgan Stanley reiterated an “overweight” rating on shares of STMicroelectronics in a research note on Thursday, May 28th. Finally, Susquehanna boosted their target price on STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, February 23rd. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, STMicroelectronics presently has a consensus rating of “Moderate Buy” and an average target price of $57.81.
View Our Latest Stock Report on STM
STMicroelectronics Trading Down 9.8%
STMicroelectronics (NYSE:STM – Get Free Report) last issued its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 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 for the quarter. On average, sell-side analysts forecast that STMicroelectronics N.V. will post 1.17 EPS for the current year.
STMicroelectronics Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd will be paid 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 is currently 193.75%.
Institutional Trading of STMicroelectronics
Large investors have recently made changes to their positions in the stock. Van ECK Associates Corp lifted 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 valued at $273,211,000 after purchasing an additional 1,145,426 shares during the period. Morgan Stanley raised its stake in STMicroelectronics by 40.6% during the 4th quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock valued at $159,691,000 after buying an additional 1,778,113 shares during the last quarter. Invesco Ltd. raised its stake in STMicroelectronics by 29.9% during the 4th quarter. Invesco Ltd. now owns 5,199,951 shares of the semiconductor producer’s stock valued at $134,887,000 after buying an additional 1,196,018 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of STMicroelectronics by 43.9% during the 2nd quarter. Bank of America Corp DE now owns 4,348,569 shares of the semiconductor producer’s stock valued at $132,240,000 after buying an additional 1,326,020 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of STMicroelectronics by 19.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,990,874 shares of the semiconductor producer’s stock worth $112,782,000 after buying an additional 641,327 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors.
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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