STMicroelectronics NV (NYSE:STM) shares gapped up before the market opened on Thursday . The stock had previously closed at $7.41, but opened at $7.48. STMicroelectronics NV shares last traded at $7.62, with a volume of 703,719 shares traded.

Several brokerages have recently weighed in on STM. Craig Hallum raised shares of STMicroelectronics NV from a “hold” rating to a “buy” rating in a report on Wednesday, April 27th. Zacks Investment Research raised shares of STMicroelectronics NV from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. Finally, TheStreet raised shares of STMicroelectronics NV from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. STMicroelectronics NV has a consensus rating of “Buy” and an average target price of $8.15.

The company has a market cap of $6.77 billion and a PE ratio of 91.31. The company has a 50 day moving average price of $6.66 and a 200-day moving average price of $5.96.

STMicroelectronics NV (NYSE:STM) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.00. The company 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 earnings per share. On average, analysts forecast that STMicroelectronics NV will post $0.21 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 27th. Investors 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 annualized dividend and a yield of 3.13%.

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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