STMicroelectronics NV (STM) Sees Large Volume Increase
STMicroelectronics NV (NYSE:STM) shares saw unusually-strong trading volume on Thursday . Approximately 1,876,424 shares traded hands 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.
Several research analysts have issued reports on STM shares. Zacks Investment Research upgraded STMicroelectronics NV from a “sell” rating to a “hold” rating in a research note on Saturday, April 30th. TheStreet upgraded STMicroelectronics NV from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $8.15.
The company has a 50 day moving average of $6.97 and a 200 day moving average of $6.04. The firm has a market cap of $6.71 billion and a P/E ratio of 90.48.
STMicroelectronics NV (NYSE:STM) last released its quarterly 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. The company earned $1.70 million during the quarter, compared to analyst estimates of $1.76 million. STMicroelectronics NV’s revenue for the quarter was down 3.2% compared to the same quarter last year. 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 fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 27th. Investors 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 yield of 3.16%.
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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