STMicroelectronics (STM) Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for STMicroelectronics in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" STM shares.
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12 brokers have issued 1-year price targets for STMicroelectronics' stock. Their STM share price forecasts range from $20.00 to $65.00. On average, they expect the company's stock price to reach $47.25 in the next year. This suggests a possible upside of 10.6% from the stock's current price.
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STMicroelectronics' stock was trading at $35.57 at the start of the year. Since then, STM stock has increased by 20.1% and is now trading at $42.72.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our STM earnings forecast.

STMicroelectronics (NYSE:STM) issued its quarterly earnings data on Thursday, July, 27th. The semiconductor producer reported $1.06 earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by $0.04. The semiconductor producer had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $4.37 billion. STMicroelectronics had a trailing twelve-month return on equity of 33.67% and a net margin of 25.36%. The company's revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 earnings per share.

STMicroelectronics announced a quarterly dividend on Thursday, March 23rd. Stockholders of record on Tuesday, September 19th will be given a dividend of $0.06 per share on Tuesday, September 26th. This represents a $0.24 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Monday, September 18th.
Read our dividend analysis for STM.

ETFs with the largest weight of STMicroelectronics (NYSE:STM) stock in their portfolio include AdvisorShares Dorsey Wright ADR ETF (AADR), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Columbia Seligman Semiconductor and Technology ETF (SEMI), VanEck Semiconductor ETF (SMH), Defiance Quantum ETF (QTUM), ProShares Metaverse ETF (VERS), 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 0.48%. The dividend payout ratio is 4.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STM will have a dividend payout ratio of 4.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STM.

STMicroelectronics updated its third quarter 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $4.38 billion-$4.38 billion, compared to the consensus revenue estimate of $4.35 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 shareholders include BlackRock Inc. (0.39%), Van ECK Associates Corp (0.38%), Capital International Investors (0.31%), Point72 Asset Management L.P. (0.25%), Goldman Sachs Group Inc. (0.24%) and Renaissance Technologies LLC (0.14%).
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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 $42.72.

STMicroelectronics (NYSE:STM) has a market capitalization of $38.80 billion and generates $16.13 billion in revenue each year. The semiconductor producer earns $3.96 billion in net income (profit) each year or $4.64 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.