STMicroelectronics NV (NYSE:STM) shares saw strong trading volume on Thursday . 1,876,424 shares were traded during trading, an increase of 8% from the previous session’s volume of 1,731,657 shares.The stock last traded at $7.69 and had previously closed at $7.70.

A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded STMicroelectronics NV from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Friday, July 29th. TheStreet upgraded STMicroelectronics NV from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. Finally, Craig Hallum upgraded STMicroelectronics NV from a “hold” rating to a “buy” rating in a research report on Wednesday, April 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. STMicroelectronics NV has an average rating of “Buy” and a consensus price target of $8.15.

The stock has a 50 day moving average of $6.91 and a 200-day moving average of $6.02. The stock has a market cap of $6.79 billion and a P/E ratio of 91.55.

STMicroelectronics NV (NYSE:STM) last announced its earnings results on Wednesday, July 27th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by $0.00. During the same period last year, the firm earned $0.04 earnings per share. The firm had revenue of $1.70 million for the quarter, compared to analyst estimates of $1.76 million. The business’s revenue was down 3.2% on a year-over-year basis. On average, equities analysts anticipate that STMicroelectronics NV will post $0.21 earnings per share 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 3.12%.

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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