The price of ST Microelectronics (NYSE:STM) shares last traded on Wall Street fell -2.01% to $38.99.
Based on available information, 28 analysts follow ST Microelectronics (NYSE:STM). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $82.59 and a low of $37.37, we find $58.67. Given the previous closing price of $39.79, this indicates a potential upside of 47.45 percent. STM stock price is now -11.86% away from the 50-day moving average and -16.65% away from the 200-day moving average. The market capitalization of the company currently stands at $35.28B.
Among analysts, 9 rate the stock a hold while 11 rate it a buy. Brokers who have rated the stock have averaged $59.68 as their price target over the next twelve months.
Insiders disposed of 97,209 shares of company stock worth roughly $3.79 million over the past 1 year. A total of 0.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in STM stock. A new stake in ST Microelectronics shares was purchased by FIFTHDELTA LTD during the first quarter worth $68,547,000. ROBECO SCHWEIZ AG invested $39,103,000 in shares of STM during the first quarter. In the first quarter, FEDERATED HERMES, INC. acquired a new stake in ST Microelectronics valued at approximately $17,384,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in STM for approximately $13,065,000. WOODLINE PARTNERS LP purchased a new stake in STM valued at around $10,194,000 in the second quarter. In total, there are 433 active investors with 5.67% ownership of the company’s stock.
A candlestick chart of ST Microelectronics (NYSE: STM) showed a price of $39.10 on Wednesday morning. During the past 12 months, ST Microelectronics has had a low of $29.57 and a high of $55.85. As of last week, the company has a debt-to-equity ratio of 0.20, a current ratio of 2.67, and a quick ratio of 1.92. According to the stock market information, the enterprise value for the company is $34.40B, which is based on a 8.39 price-to-earnings ratio, a 1.68 price-to-earnings-growth ratio, and a beta of 1.61. The fifty day moving average price for STM is $44.07 and a two-hundred day moving average price translates $46.77 for the stock.
The latest earnings results from ST Microelectronics (NYSE: STM) was released for Jun, 2023. According to the Semiconductors Company, earnings per share came in at $1.06, missing analysts’ expectations of $1.08 by -0.02. This compares to $0.92 EPS in the same period last year. The net profit margin was 25.36% and return on equity was 34.45% for STM. The company reported revenue of $4.33 billion for the quarter, compared to $3.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.74 percent. For the current quarter, analysts expect STM to generate $4.38B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/19/2023. Investors who held shares on 12/12/2023 were paid a $0.06 dividend. On an annualized basis, this represents a $0.25 dividend and a 0.64% percent yield. There was an ex-dividend date of 12/11/2023 for this dividend. In terms of dividend payout ratio, STM is presently at 4.87%.
ST Microelectronics(STM) Company Profile
STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The Automotive and Discrete Group segment offers automotive integrated circuits (ICs), and discrete and power transistor products. The Analog, MEMS and Sensors Group segment provides industrial application-specific integrated circuits (ASICs) and application-specific standard products (ASSPs); general purpose analog products; custom analog ICs; wireless charging solutions; galvanic isolated gate drivers; low and high voltage amplifiers, comparators, and current-sense amplifiers; MasterGaN, a solution that integrates a silicon driver and GaN power transistors in a single package; wireline and wireless connectivity ICs; touch screen controllers; micro-electro-mechanical systems (MEMS) products, including sensors or actuators; and optical sensing solutions. The Microcontrollers and Digital ICs Group segment offers general purpose and secure microcontrollers; radio frequency (RF) and electrically erasable programmable read-only memories; and RF, digital, and mixed-signal ASICs. It also provides assembly and other services. The company sells its products through distributors and retailers, as well as through sales representatives. It serves automotive, industrial, personal electronics and communications equipment, and computers and peripherals markets. STMicroelectronics N.V. was incorporated in 1987 and is headquartered in Geneva, Switzerland.
