STMicroelectronics NV (STM) Trading 2.5% Higher
STMicroelectronics NV (NYSE:STM) traded up 2.5% on Monday . The stock traded as high as $6.17 and last traded at $6.12, with a volume of 993,912 shares trading hands. The stock had previously closed at $5.97.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of STMicroelectronics NV from a “sell” rating to a “hold” rating in a research report on Saturday, April 30th. Craig Hallum upgraded shares of STMicroelectronics NV from a “hold” rating to a “buy” rating in a research report on Wednesday, April 27th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $8.20.
The firm has a market capitalization of $5.39 billion and a P/E ratio of 63.20. The company has a 50 day moving average of $5.84 and a 200 day moving average of $5.83.
STMicroelectronics NV (NYSE:STM) last released its quarterly earnings results on Wednesday, April 27th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.00 by $0.05. During the same quarter in the previous year, the business earned $0.01 EPS. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities analysts expect that STMicroelectronics NV will post $0.16 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 28th. Investors of record on Tuesday, June 21st were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 17th. This represents a $0.24 annualized dividend and a dividend yield of 3.92%.
An institutional investor recently bought a new position in STMicroelectronics NV stock. Sei Investments Co. purchased a new stake in shares of STMicroelectronics NV (NYSE:STM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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).
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