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.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://www.dailypolitical.com/2019/03/17/stmicroelectronics-nv-stm-to-go-ex-dividend-on-march-18th.html.

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.

Recommended Story: Marijuana Stocks Investing Considerations

Dividend History for STMicroelectronics (NYSE:STM)

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.