STMicroelectronics - STM Stock Forecast, Price & News

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The Automotive and Discrete Group segment offers automotive integrated circuits (ICs); and discrete and power transistor products. The Analog, MEMS and Sensors Group segment provides industrial application-specific integrated circuits (ASICs) and application-specific standard products (ASSPs); general purpose analog products; custom analog ICs; wireless charging solutions; galvanic isolated gate drivers; low and high voltage amplifiers, comparators, and current-sense amplifiers; MasterGaN, a solution that integrates a silicon driver and GaN power transistors in a single package; wireline and wireless connectivity ICs; touch screen controllers; micro-electro-mechanical systems (MEMS) products, including sensors or actuators; and optical sensing solutions. The Microcontrollers and Digital ICs Group segment offers general purpose and secure microcontrollers; radio frequency (RF) and electrically erasable programmable read-only memories; and RF, digital, and mixed-signal ASICs. It also provides assembly and other services. The company sells its products through distributors and retailers, as well as through sales representatives. It serves automotive, industrial, personal electronics and communications equipment, and computers and peripherals markets. STMicroelectronics N.V. was incorporated in 1987 and is headquartered in Geneva, Switzerland.

Analysts Set New Price Targets

Several analysts have commented on STM shares. Cowen lifted their target price on shares of STMicroelectronics from $44.00 to $50.00 in a research note on Friday, July 29th. Citigroup upped their target price on shares of STMicroelectronics from €44.00 ($44.90) to €52.00 ($53.06) and gave the company a "buy" rating in a research note on Monday, August 1st. UBS Group dropped their price objective on shares of STMicroelectronics from €44.00 ($44.90) to €38.00 ($38.78) and set a "neutral" rating on the stock in a research note on Thursday, April 28th. Craig Hallum dropped their price objective on shares of STMicroelectronics from $65.00 to $55.00 in a research note on Wednesday, April 27th. Finally, Cowen upped their target price on shares of STMicroelectronics from $44.00 to $50.00 in a research report on Friday, July 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, STMicroelectronics currently has an average rating of "Moderate Buy" and an average target price of $52.13.

STMicroelectronics Price Performance

NYSE:STM traded up $1.10 on Friday, reaching $38.76. The stock had a trading volume of 3,748,115 shares, compared to its average volume of 3,437,949. The company has a market capitalization of $35.21 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 1.94 and a beta of 1.54. STMicroelectronics has a 1-year low of $28.35 and a 1-year high of $52.15. The company has a quick ratio of 1.66, a current ratio of 2.28 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average price of $34.67 and a 200-day moving average price of $38.59.

STMicroelectronics (NYSE:STM - Get Rating) last announced its earnings results on Thursday, July 28th. The semiconductor producer reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.11. STMicroelectronics had a net margin of 20.08% and a return on equity of 29.96%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The company's revenue was up 28.2% on a year-over-year basis. Research analysts forecast that STMicroelectronics will post 3.88 EPS for the current year.

STMicroelectronics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 28th. Shareholders of record on Tuesday, June 21st were paid a $0.051 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, June 17th. STMicroelectronics's dividend payout ratio is presently 6.58%.