STMicroelectronics NV (STM) Shares Gap Up to $7.36
Shares of 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.
Several analysts have weighed in on the stock. TheStreet upgraded shares of STMicroelectronics NV from a “hold” rating to a “buy” rating in a research note 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 objective for the company in a research note on Friday, July 29th. Finally, Craig Hallum upgraded shares of STMicroelectronics NV from a “hold” rating to a “buy” rating in a research note on Wednesday, April 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $8.15.
The company’s 50-day moving average is $6.43 and its 200-day moving average is $5.93. The stock has a market cap of $6.59 billion and a PE ratio of 88.81.
STMicroelectronics NV (NYSE:STM) last posted its earnings results on Wednesday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.00. During the same period last year, the firm posted $0.04 EPS. The firm had revenue of $1.70 million for the quarter, compared to analysts’ expectations of $1.76 million. STMicroelectronics NV’s quarterly revenue was down 3.2% on a year-over-year basis. On average, equities research analysts predict that STMicroelectronics NV will post $0.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 27th. Stockholders of record on Tuesday, September 20th will be paid a $0.06 dividend. The ex-dividend date is Friday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 3.22%.
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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