STMicroelectronics (NYSE:STM) Shares Gap Down – What’s Next?

Shares of STMicroelectronics N.V. (NYSE:STM) gapped down before the market opened on Friday . The stock had previously closed at $78.36, but opened at $73.68. STMicroelectronics shares last traded at $73.2060, with a volume of 2,831,648 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on STM. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a research note on Friday, May 15th. Robert W. Baird set a $90.00 price objective on shares of STMicroelectronics in a research note on Friday, April 24th. TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a research note on Friday, April 24th. Morgan Stanley reiterated an “overweight” rating on shares of STMicroelectronics in a research note on Thursday, May 28th. Finally, Bank of America upped their price objective on shares of STMicroelectronics from $73.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.81.

STMicroelectronics Price Performance

The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $65.27 billion, a P/E ratio of 454.40 and a beta of 1.94. The company’s 50-day simple moving average is $52.28 and its 200 day simple moving average is $37.06.

STMicroelectronics (NYSE:STM) last posted its 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 net margin of 1.19% and a return on equity of 3.01%. As a group, sell-side analysts expect that STMicroelectronics N.V. will post 1.17 earnings per share for the current fiscal year.

STMicroelectronics Dividend Announcement

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

Institutional Trading of STMicroelectronics

Several large investors have recently added to or reduced their stakes in STM. Abound Wealth Management bought a new stake in STMicroelectronics in the fourth quarter worth approximately $26,000. CIBC Private Wealth Group LLC grew its position in STMicroelectronics by 3,746.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after acquiring an additional 974 shares in the last quarter. Portus Wealth Advisors LLC bought a new stake in STMicroelectronics in the first quarter worth approximately $32,000. Public Employees Retirement System of Ohio bought a new stake in shares of STMicroelectronics during the 1st quarter worth $45,000. Finally, Advisory Services Network LLC bought a new stake in shares of STMicroelectronics during the 3rd quarter worth $52,000. 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.