STMicroelectronics (NYSE:STM) Shares Up 6.9% – Time to Buy?

STMicroelectronics N.V. (NYSE:STM) rose 6.9% on Thursday . The stock traded as high as $78.54 and last traded at $78.3980. 17,532,922 shares changed hands during mid-day trading, an increase of 69% from the average daily volume of 10,349,636 shares. The stock had previously closed at $73.36.

Analyst Ratings Changes

A number of research firms have recently commented on STM. UBS Group set a $100.00 price objective on shares of STMicroelectronics in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a research report on Thursday, June 11th. Bank of America raised shares of STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Wednesday, June 10th. TD Cowen restated a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. Finally, Robert W. Baird set a $90.00 price objective on STMicroelectronics in a report on Friday, April 24th. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, STMicroelectronics currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.39.

STMicroelectronics Trading Up 6.9%

The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34. The company has a market capitalization of $70.41 billion, a P/E ratio of 490.02 and a beta of 1.94. The business’s 50-day moving average price is $59.65 and its two-hundred day moving average price is $40.38.

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

STMicroelectronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 22nd. This represents a $0.36 annualized dividend and a yield of 0.5%. STMicroelectronics’s dividend payout ratio is presently 193.75%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Empowered Funds LLC boosted its holdings in shares of STMicroelectronics by 5.6% in the 1st quarter. Empowered Funds LLC now owns 26,157 shares of the semiconductor producer’s stock valued at $904,000 after buying an additional 1,394 shares during the last quarter. Militia Capital Management LLC acquired a new position in STMicroelectronics in the 1st quarter valued at about $3,455,000. Parallel Advisors LLC lifted its holdings in STMicroelectronics by 47.5% during the 1st quarter. Parallel Advisors LLC now owns 7,454 shares of the semiconductor producer’s stock worth $258,000 after purchasing an additional 2,399 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of STMicroelectronics by 82.3% during the first quarter. EverSource Wealth Advisors LLC now owns 5,293 shares of the semiconductor producer’s stock worth $183,000 after buying an additional 2,390 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in STMicroelectronics in the 1st quarter valued at about $19,132,000. 5.05% of the stock is owned by institutional investors and hedge funds.

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.