STMicroelectronics (NYSE:STM) Trading Up 2.1% – Here’s Why

STMicroelectronics N.V. (NYSE:STM) was up 2.1% during mid-day trading on Monday . The company traded as high as $80.43 and last traded at $78.9090. Approximately 10,155,213 shares were traded during trading, a decline of 1% from the average daily volume of 10,256,567 shares. The stock had previously closed at $77.30.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on STM shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a report on Thursday, June 11th. Mizuho raised their price objective on shares of STMicroelectronics from $68.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Morgan Stanley restated an “overweight” rating on shares of STMicroelectronics in a report on Thursday, May 28th. Citigroup restated a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Finally, Robert W. Baird set a $90.00 price objective on shares of STMicroelectronics in a report on Friday, April 24th. Eleven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, STMicroelectronics presently has an average rating of “Moderate Buy” and a consensus target price of $64.39.

STMicroelectronics Trading Down 1.6%

The firm’s 50 day moving average is $59.65 and its 200 day moving average is $40.38. The company has a market cap of $65.89 billion, a PE ratio of 458.55 and a beta of 1.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. The company had revenue of $3.10 billion during the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. On average, equities analysts anticipate that STMicroelectronics N.V. will post 1.17 earnings per share 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 given 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 payout ratio is presently 193.75%.

Institutional Investors Weigh In On STMicroelectronics

Several hedge funds have recently bought and sold shares of STM. Abound Wealth Management bought a new stake in shares of STMicroelectronics in the 4th quarter worth approximately $26,000. CIBC Private Wealth Group LLC raised its holdings in STMicroelectronics by 3,746.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock valued at $26,000 after buying an additional 974 shares during the last quarter. Portus Wealth Advisors LLC bought a new stake in STMicroelectronics during the 1st quarter valued at $32,000. Public Employees Retirement System of Ohio bought a new stake in STMicroelectronics during the 1st quarter valued at $45,000. Finally, Advisory Services Network LLC bought a new stake in STMicroelectronics during the 3rd quarter valued at $52,000. 5.05% of the stock is currently owned by institutional investors.

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.