STMicroelectronics N.V. (NYSE:STM) gapped down before the market opened on Wednesday . The stock had previously closed at $22.58, but opened at $21.92. STMicroelectronics shares last traded at $21.35, with a volume of 6898837 shares traded.

STM has been the subject of a number of recent analyst reports. Craig Hallum increased their target price on shares of STMicroelectronics from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. ValuEngine cut shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $21.88.

The company has a quick ratio of 1.73, a current ratio of 2.29 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $19,942.45, a price-to-earnings ratio of 29.99, a P/E/G ratio of 4.76 and a beta of 0.78.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.10 billion. STMicroelectronics had a net margin of 7.84% and a return on equity of 13.47%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. research analysts forecast that STMicroelectronics N.V. will post 0.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Tuesday, December 19th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Monday, December 18th. STMicroelectronics’s dividend payout ratio (DPR) is presently 29.41%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of STMicroelectronics by 17.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 7,734,651 shares of the semiconductor producer’s stock valued at $111,224,000 after purchasing an additional 1,151,164 shares during the last quarter. Sensato Investors LLC boosted its stake in STMicroelectronics by 17.2% during the 2nd quarter. Sensato Investors LLC now owns 1,941,246 shares of the semiconductor producer’s stock worth $27,915,000 after acquiring an additional 285,200 shares during the last quarter. Quentec Asset Management LLC boosted its stake in STMicroelectronics by 121.7% during the 2nd quarter. Quentec Asset Management LLC now owns 1,835,373 shares of the semiconductor producer’s stock worth $26,393,000 after acquiring an additional 1,007,467 shares during the last quarter. Highbridge Capital Management LLC boosted its stake in STMicroelectronics by 154.0% during the 3rd quarter. Highbridge Capital Management LLC now owns 1,835,000 shares of the semiconductor producer’s stock worth $35,636,000 after acquiring an additional 1,112,500 shares during the last quarter. Finally, FMR LLC boosted its stake in STMicroelectronics by 2.4% during the 2nd quarter. FMR LLC now owns 1,452,766 shares of the semiconductor producer’s stock worth $20,890,000 after acquiring an additional 34,106 shares during the last quarter. 5.06% of the stock is currently owned by institutional investors.

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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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