STMicroelectronics NV (STM) Trading 2.5% Higher
Shares of STMicroelectronics NV (NYSE:STM) traded up 2.5% on Monday . The company 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.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded STMicroelectronics NV from a “sell” rating to a “hold” rating in a research note on Saturday, April 30th. Craig Hallum upgraded STMicroelectronics NV from a “hold” rating to a “buy” rating in a research note on Wednesday, April 27th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. STMicroelectronics NV currently has a consensus rating of “Hold” and an average price target of $8.20.
The stock has a market cap of $5.38 billion and a price-to-earnings ratio of 63.09. The company has a 50 day moving average price of $5.85 and a 200-day moving average price of $5.81.
STMicroelectronics NV (NYSE:STM) last released its quarterly earnings data on Wednesday, April 27th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.00 by $0.05. The firm earned $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the firm posted $0.01 EPS. The firm’s revenue was down 5.4% on a year-over-year basis. On average, equities analysts forecast that STMicroelectronics NV will post $0.16 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 28th. Stockholders of record on Tuesday, June 21st were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, June 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.92%.
An institutional investor recently bought a new position in STMicroelectronics NV stock. Sei Investments Co. acquired a new position in STMicroelectronics NV (NYSE:STM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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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