STMicroelectronics N.V. (NYSE:STM) Announces Quarterly Dividend of $0.09

by · The Markets Daily

STMicroelectronics N.V. (NYSE:STM – Get Free Report) declared a quarterly dividend on Thursday, March 26th. Investors of record on Tuesday, September 22nd will be given a dividend of 0.09 per share by the semiconductor producer on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 22nd.

STMicroelectronics has raised its dividend payment by an average of 0.1%annually over the last three years. STMicroelectronics has a dividend payout ratio of 19.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect STMicroelectronics to earn $2.77 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 10.8%.

STMicroelectronics Price Performance

STM opened at $50.27 on Friday. The company has a 50-day moving average of $53.80 and a 200-day moving average of $54.31. STMicroelectronics has a 1-year low of $21.11 and a 1-year high of $81.42. The company has a market capitalization of $45.15 billion, a P/E ratio of 98.58 and a beta of 1.93. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.08 and a current ratio of 2.78.

STMicroelectronics (NYSE:STM – Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The semiconductor producer reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. STMicroelectronics had a net margin of 3.56% and a return on equity of 4.30%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.46 billion. Equities analysts expect that STMicroelectronics will post 1.3 EPS for the current fiscal year.

Institutional Investors Weigh In On STMicroelectronics

A number of institutional investors and hedge funds have recently modified their holdings of the business. Anchor Investment Management LLC bought a new position in STMicroelectronics during the second quarter worth about $37,000. Revere Asset Management Inc bought a new stake in STMicroelectronics during the second quarter worth about $8,437,000. Sequoia Financial Advisors LLC boosted its holdings in shares of STMicroelectronics by 21.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,929 shares of the semiconductor producer’s stock valued at $1,343,000 after buying an additional 3,216 shares during the last quarter. MCF Advisors LLC bought a new position in shares of STMicroelectronics in the 2nd quarter valued at about $57,000. Finally, Engineers Gate Manager LP acquired a new position in STMicroelectronics during the second quarter worth approximately $7,407,000. 5.05% of the stock is owned by institutional investors.

About STMicroelectronics

(Get Free Report)

STMicroelectronics N.V. (NYSE: STM) is a global semiconductor company that designs, develops, manufactures and markets a broad range of integrated circuits and electronic components. Its products are used in automotive systems, industrial equipment, personal electronics, communications infrastructure and other embedded applications.

The company’s portfolio includes microcontrollers and microprocessors, analog and mixed-signal devices, power semiconductors, sensors, MEMS devices, connectivity products and automotive semiconductors.

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