STMicroelectronics NV (STM) Stock Price Up 5%
STMicroelectronics NV (NYSE:STM) rose 5% during trading on Friday . The stock traded as high as $5.72 and last traded at $5.71, with a volume of 682,506 shares trading hands. The stock had previously closed at $5.44.
STM has been the topic of several research reports. Zacks Investment Research cut STMicroelectronics NV from a “hold” rating to a “sell” rating in a research note on Wednesday, March 30th. Craig Hallum upgraded STMicroelectronics NV from a “hold” rating to a “buy” rating in a research note on Wednesday, April 27th. Two equities research 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 presently has an average rating of “Hold” and a consensus price target of $8.20.
The firm has a market cap of $5.03 billion and a price-to-earnings ratio of 58.97. The firm has a 50-day moving average price of $5.83 and a 200-day moving average price of $5.85.
STMicroelectronics NV (NYSE:STM) last released its earnings results on Wednesday, April 27th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.00 by $0.05. During the same period in the prior year, the company earned $0.01 earnings per share. The company earned $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. STMicroelectronics NV’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities research analysts anticipate that STMicroelectronics NV will post $0.16 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 28th. Investors of record on Tuesday, June 21st were paid a dividend of $0.06 per share. The ex-dividend date was Friday, June 17th. This represents a $0.24 annualized dividend and a yield of 4.20%.
A hedge fund recently bought a new stake in STMicroelectronics NV stock. Sei Investments Co. bought a new stake 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).
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