STMicroelectronics NV (NYSE:STM) declared a quarterly dividend on Thursday, February 8th, Wall Street Journal reports. Shareholders of record on Tuesday, March 20th will be paid a dividend of 0.06 per share by the semiconductor producer on Tuesday, March 27th. This represents a $0.24 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Monday, March 19th.
STMicroelectronics has decreased its dividend by an average of 15.7% annually over the last three years. STMicroelectronics has a payout ratio of 21.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect STMicroelectronics to earn $1.66 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 12.0%.
STMicroelectronics (NYSE:STM) traded up $0.27 during trading on Thursday, hitting $22.70. 3,406,607 shares of the stock traded hands, compared to its average volume of 4,433,500. The company has a market capitalization of $19,950.00, a PE ratio of 25.80, a P/E/G ratio of 3.29 and a beta of 0.71. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.86 and a current ratio of 2.52. STMicroelectronics has a 52-week low of $13.98 and a 52-week high of $25.30.
STMicroelectronics (NYSE:STM) last released its quarterly earnings data on Thursday, January 25th. The semiconductor producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.06. STMicroelectronics had a net margin of 9.62% and a return on equity of 17.55%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. sell-side analysts expect that STMicroelectronics will post 1.32 earnings per share for the current fiscal year.
STM has been the topic of several research reports. Craig Hallum restated a “buy” rating and issued a $30.00 price target (up previously from $26.00) on shares of STMicroelectronics in a research report on Thursday, January 25th. Vetr cut shares of STMicroelectronics from a “strong-buy” rating to a “buy” rating and set a $27.76 price objective on the stock. in a research report on Friday, January 19th. Societe Generale started coverage on shares of STMicroelectronics in a research report on Wednesday, January 17th. They set a “buy” rating on the stock. Credit Suisse Group upgraded shares of STMicroelectronics from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. Finally, ValuEngine upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. STMicroelectronics presently has a consensus rating of “Buy” and a consensus target price of $23.85.
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STMicroelectronics Company Profile
STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.
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