Shares of STMicroelectronics NV (NYSE:STM) traded down 1% on Friday . The company traded as low as $20.78 and last traded at $20.57. 5,403,423 shares were traded during trading, an increase of 24% from the average session volume of 4,352,581 shares. The stock had previously closed at $20.78.

A number of brokerages recently issued reports on STM. Vetr lowered STMicroelectronics from a “strong-buy” rating to a “buy” rating and set a $27.76 price objective for the company. in a report on Friday, January 19th. Societe Generale began coverage on STMicroelectronics in a report on Wednesday, January 17th. They issued a “buy” rating for the company. Zacks Investment Research lowered STMicroelectronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 31st. ValuEngine raised STMicroelectronics from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Credit Suisse Group raised STMicroelectronics from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $23.85.

The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.86 and a current ratio of 2.52. The stock has a market capitalization of $19,780.00, a P/E ratio of 24.10, a PEG ratio of 3.37 and a beta of 0.71.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.36 billion. STMicroelectronics had a return on equity of 17.55% and a net margin of 9.62%. The firm’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. analysts anticipate that STMicroelectronics NV will post 1.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 20th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Monday, March 19th. STMicroelectronics’s payout ratio is currently 22.73%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN boosted its stake in STMicroelectronics by 20.7% during the 3rd quarter. Wells Fargo & Company MN now owns 331,981 shares of the semiconductor producer’s stock valued at $6,447,000 after purchasing an additional 56,994 shares in the last quarter. FNY Managed Accounts LLC bought a new position in STMicroelectronics during the 3rd quarter valued at $388,000. 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 valued at $20,890,000 after purchasing an additional 34,106 shares in the last quarter. Dorsey Wright & Associates boosted its stake in STMicroelectronics by 45.5% during the 3rd quarter. Dorsey Wright & Associates now owns 268,201 shares of the semiconductor producer’s stock valued at $5,246,000 after purchasing an additional 83,858 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in STMicroelectronics by 2.3% during the 2nd quarter. Northern Trust Corp now owns 364,676 shares of the semiconductor producer’s stock valued at $5,244,000 after purchasing an additional 8,347 shares in the last quarter. 4.99% of the stock is owned by hedge funds and other institutional investors.

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About STMicroelectronics

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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