STMicroelectronics (NYSE:STM - Get Free Report)'s stock price hit a new 52-week low on Friday . The stock traded as low as $23.94 and last traded at $24.03, with a volume of 868981 shares changing hands. The stock had previously closed at $24.30.
Analyst Ratings Changes
STM has been the topic of a number of research analyst reports. Susquehanna reaffirmed a "positive" rating and issued a $33.00 target price on shares of STMicroelectronics in a report on Thursday, November 21st. BNP Paribas began coverage on shares of STMicroelectronics in a research report on Tuesday, December 3rd. They set a "neutral" rating and a $28.00 target price on the stock. JPMorgan Chase & Co. reissued a "neutral" rating on shares of STMicroelectronics in a report on Monday, December 9th. Citigroup raised shares of STMicroelectronics to a "strong-buy" rating in a research report on Thursday, October 10th. Finally, Craig Hallum decreased their target price on STMicroelectronics from $42.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, STMicroelectronics presently has an average rating of "Moderate Buy" and an average price target of $36.26.
Check Out Our Latest Stock Analysis on STM
STMicroelectronics Stock Performance
The company has a current ratio of 2.84, a quick ratio of 2.16 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $22.05 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 3.20 and a beta of 1.53. The stock has a fifty day moving average price of $25.84 and a 200-day moving average price of $30.40.
STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. The company had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.27 billion. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The business's revenue was down 26.6% on a year-over-year basis. During the same period last year, the business earned $1.16 earnings per share. As a group, analysts anticipate that STMicroelectronics will post 1.64 earnings per share for the current fiscal year.
STMicroelectronics Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Tuesday, March 25th. STMicroelectronics's dividend payout ratio (DPR) is currently 14.81%.
Institutional Investors Weigh In On STMicroelectronics
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp increased its position in STMicroelectronics by 26.5% in the 3rd quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer's stock valued at $228,655,000 after acquiring an additional 1,719,257 shares in the last quarter. Dimensional Fund Advisors LP raised its position in STMicroelectronics by 177.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,311,888 shares of the semiconductor producer's stock worth $90,806,000 after purchasing an additional 1,478,213 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in STMicroelectronics by 674.2% during the 3rd quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer's stock worth $41,524,000 after buying an additional 1,216,300 shares in the last quarter. Federated Hermes Inc. boosted its position in STMicroelectronics by 128.1% in the 2nd quarter. Federated Hermes Inc. now owns 648,403 shares of the semiconductor producer's stock valued at $25,469,000 after buying an additional 364,184 shares during the last quarter. Finally, Mediolanum International Funds Ltd acquired a new stake in shares of STMicroelectronics in the 3rd quarter valued at $7,642,000. 5.05% of the stock is owned by institutional investors and hedge funds.
About STMicroelectronics
(
Get Free Report)
STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.
Recommended Stories
Before you consider STMicroelectronics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and STMicroelectronics wasn't on the list.
While STMicroelectronics currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
