STMicroelectronics NV (NYSE:STM)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $14.13, but opened at $14.73. STMicroelectronics shares last traded at $13.92, with a volume of 309670 shares trading hands.

STM has been the topic of several research reports. Zacks Investment Research lowered STMicroelectronics from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. ValuEngine lowered STMicroelectronics from a “sell” rating to a “strong sell” rating in a research note on Monday, September 17th. Deutsche Bank upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, September 26th. Craig Hallum cut their price target on STMicroelectronics from $28.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. Finally, Bank of America raised STMicroelectronics from an “underperform” rating to a “neutral” rating in a research report on Thursday, September 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. STMicroelectronics presently has an average rating of “Hold” and a consensus target price of $23.48.

The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 2.01 and a beta of 1.07. The company has a quick ratio of 1.81, a current ratio of 2.54 and a debt-to-equity ratio of 0.27.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Wednesday, October 24th. The semiconductor producer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. STMicroelectronics had a return on equity of 21.97% and a net margin of 12.41%. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, equities analysts predict that STMicroelectronics NV will post 1.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Tuesday, December 18th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Monday, December 17th. STMicroelectronics’s payout ratio is currently 20.41%.

Hedge funds have recently modified their holdings of the stock. Centaurus Financial Inc. bought a new stake in STMicroelectronics during the second quarter valued at about $125,000. Cornerstone Wealth Management LLC bought a new stake in STMicroelectronics during the second quarter valued at about $343,000. Marietta Investment Partners LLC bought a new stake in STMicroelectronics during the second quarter valued at about $202,000. BB&T Securities LLC bought a new stake in STMicroelectronics during the second quarter valued at about $214,000. Finally, Advent Capital Management DE bought a new stake in STMicroelectronics during the third quarter valued at about $183,000. 3.73% of the stock is currently owned by institutional investors.

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STMicroelectronics Company Profile (NYSE:STM)

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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