According to Zacks, “STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems. “
A number of other equities research analysts have also recently issued reports on the company. Bank of America Corp. cut STMicroelectronics NV from a neutral rating to an underperform rating in a report on Friday, September 2nd. TheStreet upgraded STMicroelectronics NV from a hold rating to a buy rating in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $7.83.
Shares of STMicroelectronics NV (NYSE:STM) opened at 8.05 on Wednesday. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 95.83 and a beta of 0.93. The company’s 50-day moving average price is $7.73 and its 200-day moving average price is $6.41. STMicroelectronics NV has a 52-week low of $5.11 and a 52-week high of $8.21.
STMicroelectronics NV (NYSE:STM) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.00. STMicroelectronics NV had a return on equity of 2.55% and a net margin of 1.10%. The firm had revenue of $1.70 million for the quarter, compared to the consensus estimate of $1.76 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The company’s revenue was down 3.2% on a year-over-year basis. Equities research analysts forecast that STMicroelectronics NV will post $0.20 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 27th. Stockholders of record on Tuesday, September 20th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, September 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.98%. STMicroelectronics NV’s payout ratio is 250.03%.
Several large investors have recently added to or reduced their stakes in STM. GLG LLC acquired a new stake in STMicroelectronics NV during the second quarter worth $312,000. Guggenheim Capital LLC increased its stake in STMicroelectronics NV by 0.5% in the second quarter. Guggenheim Capital LLC now owns 254,028 shares of the company’s stock worth $1,496,000 after buying an additional 1,217 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in STMicroelectronics NV by 97.0% in the second quarter. Parametric Portfolio Associates LLC now owns 469,701 shares of the company’s stock worth $2,767,000 after buying an additional 231,256 shares during the last quarter. KCG Holdings Inc. increased its stake in STMicroelectronics NV by 40.0% in the second quarter. KCG Holdings Inc. now owns 36,039 shares of the company’s stock worth $212,000 after buying an additional 10,304 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in STMicroelectronics NV during the second quarter worth $674,000. Institutional investors own 2.07% of the company’s stock.
STMicroelectronics NV Company Profile
STMicroelectronics N.V. is a global semiconductor company. The Company is focused on Smart Driving, enabled by digitalization and electrification of the car, and the Internet of Things, including portable and wearable systems, as well as smart home, city and industry applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG) and Others.
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