STMicroelectronics (NYSE:STM) Shares Up 5.9% – Time to Buy?

Shares of STMicroelectronics N.V. (NYSE:STM) rose 5.9% during trading on Monday . The company traded as high as $76.66 and last traded at $74.8630. Approximately 13,065,390 shares traded hands during trading, an increase of 31% from the average daily volume of 9,980,216 shares. The stock had previously closed at $70.72.

Analyst Upgrades and Downgrades

STM has been the topic of a number of research analyst reports. TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. Susquehanna raised their price objective on STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, February 23rd. Citigroup reiterated a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Mizuho lifted their price target on shares of STMicroelectronics from $68.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.81.

STMicroelectronics Stock Performance

The stock has a 50 day simple moving average of $53.03 and a 200 day simple moving average of $37.39. The company has a market cap of $67.24 billion, a price-to-earnings ratio of 467.92 and a beta of 1.94. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STM) last announced its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. The business had revenue of $3.10 billion for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%. As a group, analysts predict that STMicroelectronics N.V. will post 1.17 EPS for the current year.

STMicroelectronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 22nd. STMicroelectronics’s payout ratio is presently 187.50%.

Institutional Investors Weigh In On STMicroelectronics

Large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in STMicroelectronics by 47.5% in the 1st quarter. Parallel Advisors LLC now owns 7,454 shares of the semiconductor producer’s stock worth $258,000 after buying an additional 2,399 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of STMicroelectronics by 82.3% during the first quarter. EverSource Wealth Advisors LLC now owns 5,293 shares of the semiconductor producer’s stock valued at $183,000 after acquiring an additional 2,390 shares in the last quarter. Empowered Funds LLC increased its position in shares of STMicroelectronics by 5.6% during the first quarter. Empowered Funds LLC now owns 26,157 shares of the semiconductor producer’s stock worth $904,000 after acquiring an additional 1,394 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of STMicroelectronics in the first quarter worth about $19,132,000. Finally, Quantinno Capital Management LP boosted its holdings in STMicroelectronics by 29.9% in the first quarter. Quantinno Capital Management LP now owns 277,370 shares of the semiconductor producer’s stock valued at $9,583,000 after purchasing an additional 63,786 shares during the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.

About STMicroelectronics

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.