STMicroelectronics (STM) To Go Ex-Dividend on March 25th

STMicroelectronics (NYSE:STM) declared a quarterly dividend on Thursday, March 21st, Wall Street Journal reports. Shareholders of record on Tuesday, March 25th will be given a dividend of 0.09 per share by the semiconductor producer on Tuesday, April 1st. This represents a $0.36 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, March 25th.

STMicroelectronics has increased its dividend payment by an average of 14.1% per year over the last three years. STMicroelectronics has a payout ratio of 20.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect STMicroelectronics to earn $1.87 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 19.3%.

STMicroelectronics Trading Down 1.5 %

NYSE STM opened at $24.04 on Friday. STMicroelectronics has a 12 month low of $21.36 and a 12 month high of $45.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. The company has a market capitalization of $21.59 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The company’s fifty day moving average price is $24.69 and its two-hundred day moving average price is $26.09.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. As a group, research analysts predict that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on STM. Jefferies Financial Group raised shares of STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Bank of America cut shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. BNP Paribas began coverage on shares of STMicroelectronics in a report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 target price on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of STMicroelectronics in a report on Monday, December 9th. Finally, TD Cowen cut shares of STMicroelectronics from a “buy” rating to a “hold” rating and dropped their target price for the stock from $32.00 to $25.00 in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $31.26.

STMicroelectronics Company Profile

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.