STMicroelectronics NV (STM) Stock Price Up 5%
Shares of STMicroelectronics NV (NYSE:STM) rose 5% during mid-day trading on Friday . The company traded as high as $5.72 and last traded at $5.71, with a volume of 682,506 shares traded. The stock had previously closed at $5.44.
STM has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of STMicroelectronics NV from a “hold” rating to a “sell” rating in a research note on Thursday, June 30th. Craig Hallum upgraded shares of STMicroelectronics NV from a “hold” rating to a “buy” rating in a research note on Wednesday, April 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $8.20.
The firm’s 50 day moving average is $5.83 and its 200-day moving average is $5.86. The firm has a market capitalization of $5.03 billion and a PE ratio of 58.97.
STMicroelectronics NV (NYSE:STM) last announced its earnings results on Wednesday, April 27th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.00 by $0.05. During the same period in the prior year, the firm earned $0.01 earnings per share. The business earned $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. Equities research analysts forecast that STMicroelectronics NV will post $0.16 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 28th. Shareholders of record on Tuesday, June 21st were given a dividend of $0.06 per share. The ex-dividend date was Friday, June 17th. This represents a $0.24 dividend on an annualized basis and a yield of 4.20%.
A hedge fund recently bought a new stake in STMicroelectronics NV stock. Sei Investments Co. bought a new position in STMicroelectronics NV (NYSE:STM) during the fourth quarter, Holdings Channel reports. The fund bought 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).
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.