STMicroelectronics (NYSE:STM) Receives “Market Perform” Rating from William Blair

William Blair reaffirmed their market perform rating on shares of STMicroelectronics (NYSE:STM) in a report issued on Friday morning, RTT News reports. William Blair also issued estimates for STMicroelectronics’ Q1 2025 earnings at $0.69 EPS.

Other equities analysts also recently issued reports about the company. StockNews.com downgraded STMicroelectronics from a strong-buy rating to a buy rating in a research note on Wednesday, January 31st. Berenberg Bank upgraded STMicroelectronics from a hold rating to a buy rating in a research note on Tuesday. Craig Hallum decreased their target price on STMicroelectronics from $50.00 to $48.00 and set a buy rating for the company in a research note on Thursday, January 25th. Susquehanna restated a positive rating and issued a $55.00 target price on shares of STMicroelectronics in a research note on Monday, April 8th. Finally, HSBC started coverage on STMicroelectronics in a research note on Thursday, February 22nd. They issued a buy rating for the company. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, STMicroelectronics presently has a consensus rating of Moderate Buy and an average target price of $50.75.

STMicroelectronics Stock Down 3.0 %

NYSE:STM opened at $41.34 on Friday. The company has a market capitalization of $37.32 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 2.85 and a beta of 1.69. STMicroelectronics has a one year low of $37.21 and a one year high of $55.85. The stock has a 50-day simple moving average of $43.75 and a 200 day simple moving average of $44.56. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.44 and a current ratio of 3.17.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Thursday, April 25th. The semiconductor producer reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.61 billion. STMicroelectronics had a return on equity of 23.52% and a net margin of 22.30%. The firm’s revenue for the quarter was down 18.4% on a year-over-year basis. During the same quarter last year, the business posted $1.10 earnings per share. Sell-side analysts predict that STMicroelectronics will post 2.99 EPS for the current fiscal year.

STMicroelectronics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This is an increase from STMicroelectronics’s previous quarterly dividend of $0.06. This represents a $0.36 annualized dividend and a dividend yield of 0.87%. STMicroelectronics’s payout ratio is currently 5.13%.

Institutional Investors Weigh In On STMicroelectronics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STM. CWM LLC raised its holdings in STMicroelectronics by 28.8% during the third quarter. CWM LLC now owns 1,865 shares of the semiconductor producer’s stock worth $80,000 after purchasing an additional 417 shares in the last quarter. Aaron Wealth Advisors LLC increased its holdings in shares of STMicroelectronics by 7.4% in the third quarter. Aaron Wealth Advisors LLC now owns 7,429 shares of the semiconductor producer’s stock valued at $321,000 after buying an additional 511 shares in the last quarter. Simplicity Solutions LLC lifted its position in shares of STMicroelectronics by 8.4% during the 3rd quarter. Simplicity Solutions LLC now owns 4,717 shares of the semiconductor producer’s stock valued at $204,000 after acquiring an additional 366 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of STMicroelectronics by 7.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 24,086 shares of the semiconductor producer’s stock valued at $1,040,000 after acquiring an additional 1,639 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of STMicroelectronics during the 3rd quarter valued at $254,000. 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.