STMicroelectronics NV (STM) Sees Strong Trading Volume
STMicroelectronics NV (NYSE:STM) shares saw unusually-high trading volume on Tuesday . Approximately 1,617,793 shares were traded during trading, an increase of 39% from the previous session’s volume of 1,166,060 shares.The stock last traded at $6.49 and had previously closed at $6.42.
STM has been the topic of a number of research analyst reports. Craig Hallum upgraded shares of STMicroelectronics NV from a “hold” rating to a “buy” rating in a research note on Wednesday, April 27th. Zacks Investment Research upgraded shares of STMicroelectronics NV from a “sell” rating to a “hold” rating in a research note on Saturday, April 30th.
The firm has a market capitalization of $5.75 billion and a PE ratio of 67.53. The firm has a 50 day moving average price of $5.90 and a 200 day moving average price of $5.82.
STMicroelectronics NV (NYSE:STM) last released its quarterly earnings data on Wednesday, April 27th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.00 by $0.05. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the company earned $0.01 EPS. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities analysts predict that STMicroelectronics NV will post $0.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 28th. Stockholders of record on Tuesday, June 21st were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 17th. This represents a $0.24 annualized dividend and a dividend yield of 3.66%.
An institutional investor recently bought a new position in STMicroelectronics NV stock. Sei Investments Co. acquired a new stake in shares of STMicroelectronics NV (NYSE:STM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 161,340 shares of the company’s stock, valued at approximately $1,074,000.
STMicroelectronics N.V. is a semiconductor company. The Company designs, develops, manufactures and markets a range of semiconductor products used in applications, such as Internet of Things (IoT), and serving many different end markets. The Company operates through two business segments: Sense & Power and Automotive Products (SP&A) and Embedded Processing Solutions (EPS).
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