Investors Buy Large Volume of Call Options on STMicroelectronics (NYSE:STM)

STMicroelectronics N.V. (NYSE:STMGet Free Report) was the target of unusually large options trading on Tuesday. Traders acquired 29,027 call options on the company. This is an increase of approximately 101% compared to the typical daily volume of 14,424 call options.

STMicroelectronics Stock Performance

NYSE:STM opened at $79.84 on Thursday. The firm has a market capitalization of $71.71 billion, a PE ratio of 499.02 and a beta of 1.94. The business’s fifty day moving average price is $51.35 and its 200 day moving average price is $36.67. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34. STMicroelectronics has a 12 month low of $21.11 and a 12 month high of $81.42.

STMicroelectronics (NYSE:STMGet Free Report) last posted its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%.The firm had revenue of $3.10 billion for the quarter. On average, sell-side analysts anticipate that STMicroelectronics will post 1.09 earnings per share for the current fiscal year.

STMicroelectronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, September 22nd. STMicroelectronics’s dividend payout ratio is currently 193.75%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. TD Cowen reaffirmed a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. Bank of America increased their target price on STMicroelectronics from $73.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday. Susquehanna increased their target price on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a report on Monday, February 23rd. Weiss Ratings raised STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Finally, Craig Hallum raised STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, STMicroelectronics currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.81.

Check Out Our Latest Analysis on STMicroelectronics

Hedge Funds Weigh In On STMicroelectronics

Large investors have recently bought and sold shares of the stock. Abound Wealth Management acquired a new position in STMicroelectronics in the fourth quarter valued at $26,000. CIBC Private Wealth Group LLC boosted its stake in STMicroelectronics by 3,746.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock valued at $26,000 after acquiring an additional 974 shares in the last quarter. Portus Wealth Advisors LLC acquired a new position in STMicroelectronics in the first quarter valued at $32,000. Peterson Wealth Services boosted its stake in STMicroelectronics by 3,086.5% in the third quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock valued at $33,000 after acquiring an additional 1,142 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in STMicroelectronics in the first quarter valued at $45,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics News Roundup

Here are the key news stories impacting STMicroelectronics this week:

About STMicroelectronics

(Get Free Report)

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.

Read More

Receive News & Ratings for STMicroelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics and related companies with MarketBeat.com's FREE daily email newsletter.