STMicroelectronics (NYSE:STM) Shares Gap Down – What’s Next?

STMicroelectronics (NYSE:STM) gapped down prior to trading on Monday . The stock had previously closed at $26.29, but opened at $25.45. STMicroelectronics shares last traded at $25.35, with a volume of 744,993 shares.

Wall Street Analyst Weigh In

STM has been the topic of a number of research analyst reports. Citigroup upgraded shares of STMicroelectronics to a “strong-buy” rating in a report on Thursday, October 10th. BNP Paribas started coverage on shares of STMicroelectronics in a report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 target price on the stock. Susquehanna reiterated a “positive” rating and set a $33.00 target price on shares of STMicroelectronics in a report on Thursday, November 21st. Morgan Stanley cut shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of STMicroelectronics in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.26.

STMicroelectronics Stock Performance

The business’s 50-day moving average price is $26.65 and its 200-day moving average price is $32.15. The company has a current ratio of 2.84, a quick ratio of 2.16 and a debt-to-equity ratio of 0.12. The stock has a market cap of $23.17 billion, a PE ratio of 10.82, a P/E/G ratio of 3.20 and a beta of 1.53.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the previous year, the firm earned $1.16 EPS. The company’s quarterly revenue was down 26.6% compared to the same quarter last year. As a group, equities research analysts expect that STMicroelectronics will post 1.64 earnings per share for the current fiscal year.

STMicroelectronics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Tuesday, March 25th. STMicroelectronics’s dividend payout ratio (DPR) is presently 12.76%.

Institutional Trading of STMicroelectronics

A number of institutional investors have recently bought and sold shares of STM. Truvestments Capital LLC acquired a new stake in STMicroelectronics during the 3rd quarter valued at approximately $25,000. Archer Investment Corp acquired a new stake in STMicroelectronics during the 3rd quarter valued at approximately $30,000. Waldron Private Wealth LLC acquired a new stake in STMicroelectronics during the 3rd quarter valued at approximately $34,000. TD Private Client Wealth LLC lifted its stake in STMicroelectronics by 108.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock valued at $46,000 after acquiring an additional 809 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in STMicroelectronics by 144.2% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,243 shares of the semiconductor producer’s stock valued at $49,000 after acquiring an additional 734 shares during the period. 5.05% of the stock is currently owned by institutional investors and hedge funds.

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.