STMicroelectronics - STM Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for STMicroelectronics in the last year. There are currently 2 sell ratings, 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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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13 brokers have issued 12 month target prices for STMicroelectronics' stock. Their STM share price forecasts range from $38.00 to $71.00. On average, they predict the company's stock price to reach $52.44 in the next twelve months. This suggests a possible upside of 11.8% 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 31.9% and is now trading at $46.93.
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STMicroelectronics saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 6,090,000 shares, an increase of 26.3% from the December 15th total of 4,820,000 shares. Based on an average daily trading volume, of 3,560,000 shares, the short-interest ratio is currently 1.7 days. Currently, 0.7% of the company's stock are sold short.
View STMicroelectronics' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our STM earnings forecast.

STMicroelectronics (NYSE:STM) posted its earnings results on Thursday, January, 26th. The semiconductor producer reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.19. The semiconductor producer had revenue of $4.42 billion for the quarter, compared to analysts' expectations of $4.37 billion. STMicroelectronics had a net margin of 24.56% and a trailing twelve-month return on equity of 36.19%. The business's revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 earnings per share.

STMicroelectronics announced a quarterly dividend on Thursday, March 24th. Shareholders of record on Tuesday, December 13th will be paid a dividend of $0.06 per share on Tuesday, December 20th. This represents a $0.24 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Monday, December 12th. This is a boost 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 0.43%. The dividend payout ratio is 4.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STM will have a dividend payout ratio of 4.83% 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 FY 2023 earnings guidance on Thursday, January, 26th. The company provided EPS guidance of for the period. The company issued revenue guidance of $16.80 billion-$17.80 billion, compared to the consensus revenue estimate of $16.28 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 number of institutional and retail investors. Top institutional investors include Capricorn Fund Managers Ltd (0.02%), Natixis Advisors L.P. (0.01%), Crossmark Global Holdings Inc. (0.00%), Grandview Asset Management LLC (0.00%), Paradiem LLC (0.00%) and Vestmark Advisory Solutions Inc. (0.00%).
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 $46.93.

STMicroelectronics (NYSE:STM) has a market capitalization of $42.63 billion and generates $16.13 billion in revenue each year. The semiconductor producer earns $3.96 billion in net income (profit) each year or $4.19 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.