STMicroelectronics (STM) Shares Gap Down to $21.75

STMicroelectronics NV (NYSE:STM)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $21.79, but opened at $21.75. STMicroelectronics shares last traded at $22.78, with a volume of 1535930 shares.

A number of equities analysts recently weighed in on the stock. Vetr lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating and set a $25.44 target price for the company. in a research note on Monday, March 19th. ValuEngine lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Kepler Capital Markets raised shares of STMicroelectronics from a “reduce” rating to a “hold” rating in a research note on Friday, January 26th. Societe Generale assumed coverage on shares of STMicroelectronics in a research note on Wednesday, January 17th. They issued a “buy” rating for the company. Finally, Zacks Investment Research lowered shares of STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.39.

The company has a current ratio of 2.52, a quick ratio of 1.86 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $19,877.40, a P/E ratio of 23.31, a PEG ratio of 3.32 and a beta of 0.80.



STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor producer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06. STMicroelectronics had a net margin of 9.62% and a return on equity of 17.55%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the firm posted $0.13 EPS. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. equities analysts anticipate that STMicroelectronics NV will post 1.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 20th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, March 19th. This represents a $0.24 annualized dividend and a yield of 1.05%. STMicroelectronics’s dividend payout ratio (DPR) is presently 20.41%.

A number of large investors have recently modified their holdings of STM. Ameriprise Financial Inc. lifted its position in STMicroelectronics by 17.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 438,387 shares of the semiconductor producer’s stock worth $8,514,000 after buying an additional 65,333 shares in the last quarter. JPMorgan Chase & Co. lifted its position in STMicroelectronics by 11.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,446,567 shares of the semiconductor producer’s stock worth $27,818,000 after buying an additional 144,894 shares in the last quarter. Wells Fargo & Company MN lifted its position in STMicroelectronics by 20.7% during the 3rd quarter. Wells Fargo & Company MN now owns 331,981 shares of the semiconductor producer’s stock worth $6,447,000 after buying an additional 56,994 shares in the last quarter. First Allied Advisory Services Inc. lifted its position in STMicroelectronics by 26.3% during the 3rd quarter. First Allied Advisory Services Inc. now owns 28,994 shares of the semiconductor producer’s stock worth $563,000 after buying an additional 6,031 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in STMicroelectronics by 2.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 88,934 shares of the semiconductor producer’s stock worth $1,727,000 after buying an additional 2,392 shares in the last quarter. 4.72% of the stock is currently owned by hedge funds and other institutional investors.

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STMicroelectronics Company Profile

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal 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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