STMicroelectronics NV (NYSE:STM) gapped up prior to trading on Thursday . The stock had previously closed at $7.34, but opened at $7.36. STMicroelectronics NV shares last traded at $7.47, with a volume of 630,909 shares.

STM has been the subject of a number of research reports. TheStreet upgraded shares of STMicroelectronics NV from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. Zacks Investment Research upgraded shares of STMicroelectronics NV from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a report on Friday, July 29th. Finally, Craig Hallum upgraded shares of STMicroelectronics NV from a “hold” rating to a “buy” rating in a report on Wednesday, April 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $8.15.

The stock’s 50-day moving average price is $6.40 and its 200 day moving average price is $5.93. The firm has a market capitalization of $6.59 billion and a PE ratio of 88.81.

STMicroelectronics NV (NYSE:STM) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.00. During the same period in the prior year, the company earned $0.04 EPS. The company had revenue of $1.70 million for the quarter, compared to the consensus estimate of $1.76 million. The firm’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts anticipate that STMicroelectronics NV will post $0.21 EPS for the current fiscal year.

STMicroelectronics N.V. is a global semiconductor company. The Company is focused on Smart Driving, enabled by digitalization and electrification of the car, and the Internet of Things, including portable and wearable systems, as well as smart home, city and industry applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG) and Others.

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