STMicroelectronics (STM) Scheduled to Post Quarterly Earnings on Thursday

STMicroelectronics (NYSE:STM) is set to release its earnings data before the market opens on Thursday, April 25th. Analysts expect STMicroelectronics to post earnings of $0.59 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data on Thursday, January 25th. The semiconductor producer reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. STMicroelectronics had a return on equity of 27.70% and a net margin of 24.36%. The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the business posted $1.32 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, analysts expect STMicroelectronics to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

STMicroelectronics Stock Down 0.1 %

Shares of NYSE:STM opened at $40.30 on Thursday. The stock has a 50-day simple moving average of $44.42 and a 200-day simple moving average of $44.71. The stock has a market capitalization of $36.38 billion, a P/E ratio of 9.04, a PEG ratio of 2.69 and a beta of 1.69. STMicroelectronics has a 1 year low of $37.21 and a 1 year high of $55.85. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.44 and a current ratio of 3.17.

STMicroelectronics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th will be paid a dividend of $0.09 per share. This is an increase from STMicroelectronics’s previous quarterly dividend of $0.06. This represents a $0.36 annualized dividend and a yield of 0.89%. The ex-dividend date is Tuesday, June 25th. STMicroelectronics’s payout ratio is currently 8.07%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on STM shares. Craig Hallum decreased their target price on shares of STMicroelectronics from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. HSBC began coverage on shares of STMicroelectronics in a research report on Thursday, February 22nd. They issued a “buy” rating for the company. Susquehanna reaffirmed a “positive” rating and set a $55.00 target price on shares of STMicroelectronics in a research report on Monday, April 8th. Finally, StockNews.com downgraded STMicroelectronics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.75.

Institutional Investors Weigh In On STMicroelectronics

Institutional investors have recently modified their holdings of the stock. Point72 Middle East FZE acquired a new position in STMicroelectronics in the second quarter worth $45,000. Geneos Wealth Management Inc. lifted its position in shares of STMicroelectronics by 49.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,789 shares of the semiconductor producer’s stock worth $77,000 after buying an additional 589 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of STMicroelectronics by 42.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,209 shares of the semiconductor producer’s stock valued at $111,000 after buying an additional 659 shares during the period. PCA Investment Advisory Services Inc. acquired a new position in shares of STMicroelectronics in the 2nd quarter valued at about $136,000. Finally, Belpointe Asset Management LLC grew its position in shares of STMicroelectronics by 8.3% during the 1st quarter. Belpointe Asset Management LLC now owns 3,092 shares of the semiconductor producer’s stock valued at $165,000 after buying an additional 238 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics 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.