STMicroelectronics (STM) Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for STMicroelectronics in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" STM shares.
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11 brokers have issued 1 year price objectives for STMicroelectronics' stock. Their STM share price forecasts range from $45.00 to $71.00. On average, they predict the company's stock price to reach $54.22 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price.
View analysts price targets for STM or view top-rated stocks among Wall Street analysts.

STMicroelectronics' stock was trading at $35.57 at the start of the year. Since then, STM shares have increased by 31.8% and is now trading at $46.89.
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STMicroelectronics saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 7,080,000 shares, a drop of 16.9% from the April 30th total of 8,520,000 shares. Based on an average daily volume of 3,580,000 shares, the short-interest ratio is currently 2.0 days. Approximately 0.8% of the shares of the stock are short sold.
View STMicroelectronics' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our STM earnings forecast.

STMicroelectronics (NYSE:STM) issued its earnings results on Thursday, April, 27th. The semiconductor producer reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.13. The semiconductor producer earned $4.25 billion during the quarter, compared to analyst estimates of $4.19 billion. STMicroelectronics had a trailing twelve-month return on equity of 35.62% and a net margin of 25.30%. During the same quarter last year, the business posted $0.79 earnings per share.

STMicroelectronics declared a quarterly dividend on Thursday, March 23rd. Shareholders of record on Tuesday, June 27th will be paid a dividend of $0.06 per share on Wednesday, July 5th. This represents a $0.24 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Monday, June 26th.
Read our dividend analysis for STM.

ETFs with the largest weight of STMicroelectronics (NYSE:STM) stock in their portfolio include Innovator IBD 50 ETF (FFTY), AdvisorShares Dorsey Wright ADR ETF (AADR), VanEck Semiconductor ETF (SMH), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Columbia Seligman Semiconductor and Technology ETF (SEMI), Defiance Quantum ETF (QTUM), iShares Semiconductor ETF (SOXX) and SPDR S&P Kensho Smart Mobility ETF (HAIL).

STMicroelectronics (NYSE:STM) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.46%. The dividend payout ratio is 4.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STM will have a dividend payout ratio of 5.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STM.

STMicroelectronics issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.28 billion-$4.28 billion, compared to the consensus revenue estimate of $4.20 billion.

72 employees have rated STMicroelectronics Chief Executive Officer Jean Marc Chery on Glassdoor.com. Jean Marc Chery has an approval rating of 91% among the company's employees. This puts Jean Marc Chery in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other STMicroelectronics investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Hawkins (HWKN), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Micron Technology (MU), Athabasca Oil (ATH), Transocean (RIG) and Gran Tierra Energy (GTE).

STMicroelectronics trades on the New York Stock Exchange (NYSE) under the ticker symbol "STM."

STMicroelectronics' stock is owned by a variety of institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.58%), Van ECK Associates Corp (0.43%), BlackRock Inc. (0.35%), Grantham Mayo Van Otterloo & Co. LLC (0.27%), Renaissance Technologies LLC (0.24%) and Bank of America Corp DE (0.20%).
View institutional ownership trends.

Shares of STM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of STM stock can currently be purchased for approximately $46.89.

STMicroelectronics (NYSE:STM) has a market capitalization of $42.59 billion and generates $16.13 billion in revenue each year. The semiconductor producer earns $3.96 billion in net income (profit) each year or $4.50 on an earnings per share basis.

The company employs 51,370 workers across the globe.

STMicroelectronics' mailing address is 39 CHEMIN DU CHAMP DES FILLES PLAN-LES-OUATES, GENEVA V8, 1228. The official website for the company is www.st.com. The semiconductor producer can be reached via phone at (122) 929-2929, via email at celine.berthier@st.com, or via fax at 41-22-929-2988.