STMicroelectronics NV (NYSE:STM) gapped down before the market opened on Friday . The stock had previously closed at $7.15, but opened at $7.21. STMicroelectronics NV shares last traded at $7.30, with a volume of 1,521,198 shares trading hands.

A number of equities research analysts have recently issued reports on STM shares. Zacks Investment Research downgraded shares of STMicroelectronics NV from a “hold” rating to a “sell” rating in a research report on Saturday, April 16th. Craig Hallum raised shares of STMicroelectronics NV from a “hold” rating to a “buy” rating in a research report on Wednesday, April 27th.

The stock has a market capitalization of $6.47 billion and a P/E ratio of 87.14. The firm has a 50-day moving average of $5.99 and a 200 day moving average of $5.84.

STMicroelectronics NV (NYSE:STM) last announced its earnings results on Wednesday, July 27th. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.00. During the same period last year, the business posted $0.04 EPS. The business had revenue of $1.70 million for the quarter, compared to the consensus estimate of $1.76 million. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, analysts expect that STMicroelectronics NV will post $0.20 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in STMicroelectronics NV stock. Sei Investments Co. bought 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 firm bought 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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