STMicroelectronics NV (ADR) (STM) Plans Quarterly Dividend of $0.10
STMicroelectronics NV (NYSE:STM) declared a quarterly dividend on Tuesday, September 2nd, AR Network reports. Stockholders of record on Wednesday, March 25th will be given a dividend of 0.10 per share on Tuesday, March 31st. This represents a $0.40 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Monday, March 23rd.
A number of research firms have recently commented on STM. Analysts at Credit Suisse initiated coverage on shares of STMicroelectronics NV in a research note on Wednesday, August 27th. They set an “underperform” rating on the stock. On the ratings front, analysts at Sanford C. Bernstein downgraded shares of STMicroelectronics NV from a “market perform” rating to an “underperform” rating in a research note on Tuesday, July 29th. Finally, analysts at Bernstein downgraded shares of STMicroelectronics NV from a “market perform” rating to an “underperform” rating in a research note on Tuesday, July 29th. They now have a $7.15 price target on the stock, down previously from $8.19. Seven research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.59.
STMicroelectronics NV (NYSE:STM) traded up 0.48% on Tuesday, hitting $8.44. 619,868 shares of the company’s stock traded hands. STMicroelectronics NV has a 52-week low of $7.20 and a 52-week high of $10.00. The stock’s 50-day moving average is $8.36 and its 200-day moving average is $8.99. The company’s market cap is $7.538 billion.
STMicroelectronics NV (NYSE:STM) last released its earnings data on Wednesday, July 23rd. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.01. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the company posted ($0.06) earnings per share. STMicroelectronics NV’s revenue was down 8.9% compared to the same quarter last year. On average, analysts predict that STMicroelectronics NV will post $0.19 earnings per share for the current fiscal year.
STMicroelectronics N.V. is a semiconductor company. The Company designs, develops, manufactures and markets a range of semiconductor products used in a variety of applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems.
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