STMicroelectronics - STM Stock Forecast, Price & News

11 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 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" STM shares.
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11 brokers have issued 1-year target prices for STMicroelectronics' stock. Their STM share price forecasts range from $38.00 to $62.00. On average, they expect the company's share price to reach $51.00 in the next twelve months. This suggests a possible upside of 62.4% 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 $48.88 on January 1st, 2022. Since then, STM stock has decreased by 35.8% and is now trading at $31.40.
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STMicroelectronics saw a drop in short interest during the month of September. As of September 15th, there was short interest totaling 4,750,000 shares, a drop of 15.8% from the August 31st total of 5,640,000 shares. Based on an average trading volume of 3,420,000 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.5% of the company's stock are short sold.
View STMicroelectronics' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our STM earnings forecast.

STMicroelectronics (NYSE:STM) issued its earnings results on Thursday, July, 28th. The semiconductor producer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.81 by $0.11. The semiconductor producer had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.69 billion. STMicroelectronics had a trailing twelve-month return on equity of 29.96% and a net margin of 20.08%. STMicroelectronics's revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 earnings per share.

STMicroelectronics declared a quarterly dividend on Monday, August 29th. Stockholders of record on Tuesday, September 20th will be given a dividend of $0.051 per share on Tuesday, September 27th. This represents a $0.20 annualized dividend and a yield of 0.65%. The ex-dividend date is Monday, September 19th.
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 0.60%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.58%. 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 issued an update on its FY 2022 earnings guidance on Monday, August, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $15.90 billion-$16.20 billion, compared to the consensus revenue estimate of $15.46 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."

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 $31.40.

STMicroelectronics (NYSE:STM) has a market capitalization of $28.52 billion and generates $12.76 billion in revenue each year. The semiconductor producer earns $2 billion in net income (profit) each year or $3.04 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.