Shares of STMicroelectronics (NYSE:STM - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $23.80 and last traded at $23.80, with a volume of 89863 shares traded. The stock had previously closed at $24.55.
Analyst Ratings Changes
A number of equities analysts recently issued reports on STM shares. Morgan Stanley lowered STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research note on Monday, November 4th. Robert W. Baird decreased their target price on STMicroelectronics from $35.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, November 1st. TD Cowen lowered STMicroelectronics from a "buy" rating to a "hold" rating and dropped their target price for the company from $32.00 to $25.00 in a research report on Monday. Citigroup raised shares of STMicroelectronics to a "strong-buy" rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating on shares of STMicroelectronics in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, STMicroelectronics has an average rating of "Hold" and an average target price of $34.11.
Get Our Latest Analysis on STM
STMicroelectronics Stock Performance
The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.16 and a current ratio of 2.84. The firm has a market capitalization of $21.65 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 3.20 and a beta of 1.52. The firm's 50 day moving average price is $25.58 and its 200-day moving average price is $29.60.
STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.27 billion. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. STMicroelectronics's revenue for the quarter was down 26.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.16 earnings per share. On average, research analysts expect that STMicroelectronics will post 1.64 EPS for the current year.
STMicroelectronics Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, March 25th. This represents a $0.36 annualized dividend and a dividend yield of 1.50%. STMicroelectronics's dividend payout ratio (DPR) is presently 14.81%.
Institutional Investors Weigh In On STMicroelectronics
Institutional investors have recently bought and sold shares of the company. Aigen Investment Management LP acquired a new stake in shares of STMicroelectronics in the third quarter valued at about $1,157,000. Point72 Asset Management L.P. purchased a new stake in STMicroelectronics during the 3rd quarter valued at about $1,924,000. Washington Capital Management Inc. acquired a new stake in STMicroelectronics in the 3rd quarter valued at about $1,112,000. Diversified Trust Co purchased a new position in STMicroelectronics in the 4th quarter worth approximately $583,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of STMicroelectronics during the 3rd quarter worth approximately $1,424,000. 5.05% of the stock is currently 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.
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