STMicroelectronics NV (STM) Shares Gap Down to $7.46
STMicroelectronics NV (NYSE:STM) gapped down before the market opened on Monday . The stock had previously closed at $7.37, but opened at $7.46. STMicroelectronics NV shares last traded at $7.60, with a volume of 939,231 shares changing hands.
STM has been the subject of a number of research reports. Zacks Investment Research raised STMicroelectronics NV from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Craig Hallum raised STMicroelectronics NV from a “hold” rating to a “buy” rating in a research report on Wednesday, April 27th. Finally, TheStreet raised STMicroelectronics NV from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $8.15.
The company has a market cap of $6.76 billion and a P/E ratio of 91.07. The company has a 50-day moving average price of $6.49 and a 200 day moving average price of $5.93.
STMicroelectronics NV (NYSE:STM) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by $0.00. The firm earned $1.70 million during the quarter, compared to the consensus estimate of $1.76 million. The business’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 EPS. On average, equities analysts expect that STMicroelectronics NV will post $0.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 27th. Stockholders of record on Tuesday, September 20th will be issued a $0.06 dividend. The ex-dividend date is Friday, September 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.14%.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.