STMicroelectronics - STM Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for STMicroelectronics in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" STM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STM, but not buy additional shares or sell existing shares.
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8 equities research analysts have issued 1-year price targets for STMicroelectronics' shares. Their STM share price forecasts range from $38.00 to $71.00. On average, they anticipate the company's share price to reach $52.56 in the next year. This suggests a possible upside of 39.3% from the stock's current price.
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STMicroelectronics' stock was trading at $48.88 at the beginning of 2022. Since then, STM stock has decreased by 22.8% and is now trading at $37.72.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our STM earnings forecast.

STMicroelectronics (NYSE:STM) released its quarterly earnings results on Thursday, October, 27th. The semiconductor producer reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.12. The semiconductor producer earned $4.32 billion during the quarter, compared to analyst estimates of $4.19 billion. STMicroelectronics had a trailing twelve-month return on equity of 34.37% and a net margin of 22.69%. The business's quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 earnings per share.

STMicroelectronics announced a quarterly dividend on Thursday, March 24th. Investors of record on Tuesday, December 13th will be given a dividend of $0.06 per share on Tuesday, December 20th. This represents a $0.24 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Monday, December 12th. This is an increase from the stock's previous quarterly dividend of $0.05.
Read our dividend analysis for STM.

STMicroelectronics (NYSE:STM) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.53%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STM will have a dividend payout ratio of 5.28% 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 fourth quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $4.40 billion-$4.40 billion, compared to the consensus revenue estimate of $4.43 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 many different retail and institutional investors. Top institutional investors include Van ECK Associates Corp (0.47%), Grantham Mayo Van Otterloo & Co. LLC (0.26%), Point72 Asset Management L.P. (0.16%), Balyasny Asset Management LLC (0.13%), Renaissance Technologies LLC (0.09%) and Royal Bank of Canada (0.09%).
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 $37.72.

STMicroelectronics (NYSE:STM) has a market capitalization of $34.26 billion and generates $12.76 billion in revenue each year. The semiconductor producer earns $2 billion in net income (profit) each year or $3.69 on an earnings per share basis.

The company employs 48,254 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.