STMicroelectronics NV (NYSE:STM) declared a quarterly dividend on Monday, February 4th, Wall Street Journal reports. Investors of record on Tuesday, March 19th will be given a dividend of 0.06 per share by the semiconductor producer on Tuesday, March 26th. This represents a $0.24 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Monday, March 18th.

STM opened at $16.46 on Friday. STMicroelectronics has a 52-week low of $12.00 and a 52-week high of $26.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.76 and a quick ratio of 2.02. The firm has a market cap of $14.76 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 2.91 and a beta of 1.09.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, January 24th. The semiconductor producer reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. STMicroelectronics had a return on equity of 21.88% and a net margin of 13.32%. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the previous year, the business earned $0.36 EPS. As a group, research analysts forecast that STMicroelectronics will post 1.09 earnings per share for the current fiscal year.

A number of research firms recently issued reports on STM. Cowen began coverage on STMicroelectronics in a report on Friday, February 22nd. They set an “outperform” rating and a $21.00 price objective for the company. ValuEngine raised STMicroelectronics from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research lowered STMicroelectronics from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, January 29th. Societe Generale set a $22.00 target price on STMicroelectronics and gave the company a “buy” rating in a research report on Friday, January 25th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of STMicroelectronics in a research report on Friday, January 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.91.

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STMicroelectronics Company Profile

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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Dividend History for STMicroelectronics (NYSE:STM)

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