Shares of STMicroelectronics (NYSE:STM) fell 3.8%

STMicroelectronics (NYSE:STM – Get Free Report ) traded down 3.8% during mid-day trading on Friday. The company traded as high as $27.88 and last traded at $27.90. During trading, 521,744 shares were traded, down 86% from the session’s average volume of 3,796,318 shares. Shares previously closed at $28.99.

Analysts on Wall Street are forecasting an increase

A number of brokerages have recently issued reports on STM. Craig Hallum cut their price target on shares of STMicroelectronics from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Goldman Sachs Group upgraded shares of STMicroelectronics from a “sell” rating to a “neutral” rating and upped their target price for the stock from $35.50 to $45.80 in a research report on Tuesday. June 18. StockNews.com cut shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday. Sanford C. Bernstein cut their price target on shares of STMicroelectronics from $54.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Finally, TD Cowen cut their price target on shares of STMicroelectronics from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.13, based on data from MarketBeat.

Get the latest stock analysis on STMicroelectronics

STMicroelectronics stock performance

The company has a market cap of $24.96 billion, a price-to-earnings ratio of 7.16, a price-to-earnings-growth ratio of 3.35 and a beta of 1.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.56, and a current ratio of 3.35. The company’s fifty day simple moving average is $32.26 and its two hundred day simple moving average is $38.84.

STMicroelectronics (NYSE:STM – Get Your Free Report ) last announced its quarterly earnings data on Thursday, July 25th. The semiconductor maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. STMicroelectronics had a net margin of 19.68% and a return on equity of 18.18%. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.55 billion. In the same period last year, the business earned $1.06 EPS. The company’s revenue for the quarter was down 25.3% compared to the same quarter last year. equities research analysts forecast that STMicroelectronics will post 1.66 earnings per share for the current fiscal year.

STMicroelectronics announces dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th will be issued a $0.09 dividend. This represents an annualized dividend of $0.36 and a dividend yield of 1.30%. The ex-dividend date of this dividend is Tuesday, December 17th. STMicroelectronics’s dividend payout ratio (DPR) is currently 7.69%.

Institutional inputs and outputs

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mather Group LLC. acquired a new position in STMicroelectronics in the first quarter valued at about $28,000. Whittier Trust Co. of Nevada Inc. raised its stake in STMicroelectronics by 144.2% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,243 shares of the semiconductor maker’s stock valued at $49,000 after purchasing an additional 734 shares during the period. Ridgewood Investments LLC purchased a new position in STMicroelectronics during the 2nd quarter valued at approximately $51,000. Principal Securities Inc. purchased a new position in STMicroelectronics during the 4th quarter valued at about $70,000. Finally, EverSource Wealth Advisors LLC boosted its stake in STMicroelectronics by 59.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the semiconductor maker’s stock, valued at $83,000 after bought an additional 620 shares during the period. 5.05% of shares are owned by institutional investors and hedge funds.

About STMicroelectronics

(Get a free report)

STMicroelectronics NV, together with its subsidiaries, designs, develops, manufactures and sells semiconductor products in Europe, the Middle East, Africa, the Americas and Asia Pacific. The company operates through the Automotive and Discrete Group; Analog, MEMS and Sensors Group; and the Microcontrollers and Digital Integrated Circuits Group segments.

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