STMicroelectronics NV (STM) Shares Gap Up to $6.55
STMicroelectronics NV (NYSE:STM) gapped up prior to trading on Wednesday . The stock had previously closed at $6.07, but opened at $6.55. STMicroelectronics NV shares last traded at $7.14, with a volume of 2,776,621 shares traded.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded STMicroelectronics NV from a “sell” rating to a “hold” rating in a report on Saturday, April 30th. Craig Hallum upgraded STMicroelectronics NV from a “hold” rating to a “buy” rating in a report on Wednesday, April 27th.
The firm has a market capitalization of $6.33 billion and a P/E ratio of 74.33. The company has a 50-day moving average price of $5.93 and a 200 day moving average price of $5.83.
STMicroelectronics NV (NYSE:STM) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. The business earned $1.70 million during the quarter, compared to the consensus estimate of $1.76 million. During the same period in the prior year, the business earned $0.04 EPS. STMicroelectronics NV’s quarterly revenue was down 3.2% on a year-over-year basis. Equities research analysts anticipate that STMicroelectronics NV will post $0.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 28th. Shareholders of record on Tuesday, June 21st were issued 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 3.33%.
An institutional investor recently bought a new position in STMicroelectronics NV stock. Sei Investments Co. purchased a new stake in STMicroelectronics NV (NYSE:STM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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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