STMicroelectronics (STM) Scheduled to Post Earnings on Thursday

STMicroelectronics (NYSE:STM) is scheduled to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, January 25th. The semiconductor producer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. The company had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.08 billion. STMicroelectronics had a return on equity of 27.70% and a net margin of 24.36%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business posted $1.32 EPS. 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 %

STMicroelectronics stock opened at $40.30 on Thursday. STMicroelectronics has a fifty-two week low of $37.21 and a fifty-two week high of $55.85. The company has a market cap of $36.38 billion, a PE ratio of 9.04, a PEG ratio of 2.69 and a beta of 1.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.44 and a current ratio of 3.17. The business’s 50-day simple moving average is $44.42 and its two-hundred day simple moving average is $44.71.

STMicroelectronics Increases Dividend

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On STMicroelectronics

Hedge funds have recently bought and sold shares of the business. Bank of Montreal Can raised its stake in shares of STMicroelectronics by 2,911.3% during the 1st quarter. Bank of Montreal Can now owns 134,004 shares of the semiconductor producer’s stock worth $6,012,000 after buying an additional 129,554 shares during the period. BlackRock Inc. raised its position in STMicroelectronics by 9.9% during the first quarter. BlackRock Inc. now owns 3,530,155 shares of the semiconductor producer’s stock worth $152,573,000 after acquiring an additional 318,347 shares during the period. Mariner LLC purchased a new position in STMicroelectronics during the first quarter valued at $579,000. Northern Trust Corp grew its position in shares of STMicroelectronics by 0.8% in the first quarter. Northern Trust Corp now owns 349,772 shares of the semiconductor producer’s stock valued at $15,117,000 after purchasing an additional 2,885 shares during the period. Finally, Hsbc Holdings PLC grew its position in shares of STMicroelectronics by 105.8% in the first quarter. Hsbc Holdings PLC now owns 5,672 shares of the semiconductor producer’s stock valued at $246,000 after purchasing an additional 103,964 shares during the period. Hedge funds and other institutional investors own 5.05% of the company’s stock.

About STMicroelectronics

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.