STMicroelectronics NV (NYSE:STM) shares gapped down before the market opened on Monday . The stock had previously closed at $15.79, but opened at $15.54. STMicroelectronics shares last traded at $15.80, with a volume of 134686 shares trading hands.

STM has been the topic of a number of research analyst reports. Craig Hallum lowered their price target on STMicroelectronics from $28.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, October 24th. Baader Bank reissued a “hold” rating on shares of STMicroelectronics in a research report on Wednesday, October 24th. Robert W. Baird cut STMicroelectronics from a “neutral” rating to an “underperform” rating in a research note on Thursday, October 25th. Zacks Investment Research upgraded STMicroelectronics from a “sell” rating to a “hold” rating in a research note on Saturday, October 27th. Finally, UBS Group raised STMicroelectronics from a “sell” rating to a “neutral” rating in a report on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. STMicroelectronics presently has an average rating of “Hold” and an average target price of $18.49.

The firm has a market cap of $14.14 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 2.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.76 and a quick ratio of 2.02.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, January 24th. The semiconductor producer reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.02. STMicroelectronics had a return on equity of 29.91% and a net margin of 13.32%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the company posted $0.36 EPS. As a group, research analysts expect that STMicroelectronics NV will post 1.08 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 26th. Investors of record on Tuesday, March 19th will be paid a $0.06 dividend. The ex-dividend date is Monday, March 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.52%. STMicroelectronics’s dividend payout ratio (DPR) is 13.99%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Ipswich Investment Management Co. Inc. purchased a new position in STMicroelectronics during the 4th quarter worth approximately $61,000. Financial Gravity Companies Inc. acquired a new position in STMicroelectronics during the 4th quarter worth $63,000. Quantamental Technologies LLC acquired a new position in STMicroelectronics during the 4th quarter worth $89,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in STMicroelectronics during the 4th quarter worth $99,000. Finally, Advent Capital Management DE bought a new position in shares of STMicroelectronics during the 3rd quarter worth about $183,000. 3.62% of the stock is currently owned by hedge funds and other institutional investors.

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STMicroelectronics Company Profile (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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