STMicroelectronics (STM) Trading 5.4% Higher

Shares of STMicroelectronics NV (NYSE:STM) traded up 5.4% on Monday . The company traded as high as $15.72 and last traded at $15.65. 3,873,782 shares were traded during mid-day trading, an increase of 4% from the average session volume of 3,722,993 shares. The stock had previously closed at $14.85.

A number of analysts recently weighed in on the company. Bank of America upgraded STMicroelectronics from an “underperform” rating to a “neutral” rating in a research report on Thursday, September 13th. Zacks Investment Research downgraded STMicroelectronics from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. ValuEngine downgraded STMicroelectronics from a “sell” rating to a “strong sell” rating in a research report on Monday, September 17th. Credit Suisse Group restated a “buy” rating on shares of STMicroelectronics in a research report on Monday, November 19th. Finally, Robert W. Baird downgraded STMicroelectronics from a “neutral” rating to an “underperform” rating in a research report on Thursday, October 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. STMicroelectronics has an average rating of “Hold” and a consensus target price of $23.48.

The company has a quick ratio of 1.81, a current ratio of 2.54 and a debt-to-equity ratio of 0.27. The stock has a market cap of $13.31 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 2.14 and a beta of 1.07.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Wednesday, October 24th. The semiconductor producer reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. STMicroelectronics had a return on equity of 21.97% and a net margin of 12.41%. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. The business’s revenue was up 18.1% on a year-over-year basis. As a group, equities analysts expect that STMicroelectronics NV will post 1.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Tuesday, December 18th will be given a $0.06 dividend. The ex-dividend date is Monday, December 17th. This represents a $0.24 annualized dividend and a yield of 1.53%. STMicroelectronics’s payout ratio is currently 20.41%.

Hedge funds have recently made changes to their positions in the business. Centaurus Financial Inc. bought a new stake in STMicroelectronics in the second quarter valued at approximately $125,000. Advent Capital Management DE bought a new stake in STMicroelectronics in the third quarter valued at approximately $183,000. Hsbc Holdings PLC bought a new stake in STMicroelectronics in the third quarter valued at approximately $194,000. Marietta Investment Partners LLC bought a new stake in STMicroelectronics in the second quarter valued at approximately $202,000. Finally, BB&T Securities LLC bought a new stake in STMicroelectronics in the second quarter valued at approximately $214,000. Hedge funds and other institutional investors own 3.73% of the company’s stock.

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About STMicroelectronics (NYSE:STM)

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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