STMicroelectronics N.V. (NYSE:STM) Plans Quarterly Dividend of $0.09

STMicroelectronics N.V. (NYSE:STM) declared a quarterly dividend on Thursday, March 26th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.09 per share by the semiconductor producer on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, June 23rd.

STMicroelectronics has raised its dividend by an average of 0.1%annually over the last three years. STMicroelectronics has a dividend payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect STMicroelectronics to earn $2.72 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 11.0%.

STMicroelectronics Stock Up 0.0%

STMicroelectronics stock opened at $78.40 on Friday. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.12. STMicroelectronics has a 1-year low of $21.11 and a 1-year high of $81.42. The company has a fifty day simple moving average of $61.32 and a 200 day simple moving average of $41.03. The company has a market cap of $70.41 billion, a P/E ratio of 490.02 and a beta of 1.94.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. The firm had revenue of $3.10 billion for the quarter. Research analysts anticipate that STMicroelectronics will post 1.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

STM has been the topic of several analyst reports. Weiss Ratings upgraded STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. TD Cowen reaffirmed a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. Susquehanna upped their price objective on STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a research note on Monday, February 23rd. Morgan Stanley reiterated an “overweight” rating on shares of STMicroelectronics in a research note on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a research note on Thursday, June 11th. Eleven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.39.

STMicroelectronics Company Profile

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.