STMicroelectronics NV (STM) Sees Large Volume Increase
STMicroelectronics NV (NYSE:STM) saw an uptick in trading volume on Wednesday . 2,288,083 shares traded hands during trading, an increase of 101% from the previous session’s volume of 1,135,694 shares.The stock last traded at $5.44 and had previously closed at $5.53.
A number of research firms have weighed in on STM. Zacks Investment Research upgraded STMicroelectronics NV from a “sell” rating to a “hold” rating in a report on Saturday, April 30th. Craig Hallum upgraded STMicroelectronics NV from a “hold” rating to a “buy” rating in a report on Wednesday, April 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $8.20.
The stock has a 50-day moving average price of $5.83 and a 200 day moving average price of $5.86. The firm has a market cap of $4.79 billion and a price-to-earnings ratio of 56.19.
STMicroelectronics NV (NYSE:STM) last announced its quarterly earnings results on Wednesday, April 27th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.00 by $0.05. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.62 billion. STMicroelectronics NV’s revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 earnings per share. On average, analysts anticipate that STMicroelectronics NV will post $0.16 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 28th. Investors of record on Tuesday, June 21st were given a $0.06 dividend. The ex-dividend date was Friday, June 17th. This represents a $0.24 dividend on an annualized basis and a yield of 4.40%.
A hedge fund recently bought a new stake in STMicroelectronics NV stock. Sei Investments Co. purchased a new position in shares of STMicroelectronics NV (NYSE:STM) during the fourth quarter, Holdings Channel reports. The fund purchased 161,340 shares of the company’s stock, valued at approximately $1,074,000.
STMicroelectronics N.V. is a semiconductor company. The Company designs, develops, manufactures and markets a range of semiconductor products used in applications, such as Internet of Things (IoT), and serving many different end markets. The Company operates through two business segments: Sense & Power and Automotive Products (SP&A) and Embedded Processing Solutions (EPS).