STMicroelectronics (NYSE:STM) Stock Price Up 2.1% – Time to Buy?

STMicroelectronics N.V. (NYSE:STM)’s share price rose 2.1% during mid-day trading on Monday . The company traded as high as $80.43 and last traded at $78.9090. Approximately 10,155,213 shares traded hands during trading, a decline of 1% from the average daily volume of 10,256,567 shares. The stock had previously closed at $77.30.

Analyst Ratings Changes

STM has been the topic of a number of research reports. UBS Group set a $100.00 target price on shares of STMicroelectronics in a research report on Wednesday, June 10th. Weiss Ratings upgraded shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a research report on Thursday. Bank of America upgraded shares of STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Wednesday, June 10th. Finally, Mizuho upped their price target on STMicroelectronics from $68.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Eleven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, STMicroelectronics has a consensus rating of “Moderate Buy” and a consensus target price of $64.39.

STMicroelectronics Trading Up 2.1%

The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $70.87 billion, a P/E ratio of 493.21 and a beta of 1.94. The business has a 50 day moving average price of $57.20 and a 200 day moving average price of $39.26.

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

STMicroelectronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 22nd. STMicroelectronics’s dividend payout ratio is presently 193.75%.

Institutional Trading of STMicroelectronics

A number of large investors have recently bought and sold shares of the business. Militia Capital Management LLC bought a new position in shares of STMicroelectronics during the 1st quarter worth approximately $3,455,000. Parallel Advisors LLC boosted its holdings in shares of STMicroelectronics by 47.5% in the 1st quarter. Parallel Advisors LLC now owns 7,454 shares of the semiconductor producer’s stock valued at $258,000 after buying an additional 2,399 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of STMicroelectronics by 82.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,293 shares of the semiconductor producer’s stock valued at $183,000 after buying an additional 2,390 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of STMicroelectronics by 5.6% in the 1st quarter. Empowered Funds LLC now owns 26,157 shares of the semiconductor producer’s stock valued at $904,000 after buying an additional 1,394 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of STMicroelectronics in the 1st quarter valued at approximately $19,132,000. 5.05% of the stock is owned by institutional investors.

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.