STMicroelectronics NV (STM) Shares Up 1.9%
Shares of STMicroelectronics NV (NYSE:STM) shot up 1.9% during trading on Monday . The company traded as high as $6.45 and last traded at $6.42, with a volume of 1,962,603 shares changing hands. The stock had previously closed at $6.30.
A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of STMicroelectronics NV from a “sell” rating to a “hold” rating in a research note on Saturday, April 30th. Craig Hallum raised shares of STMicroelectronics NV from a “hold” rating to a “buy” rating in a research note on Wednesday, April 27th.
The stock has a 50 day moving average price of $5.88 and a 200 day moving average price of $5.82. The stock has a market capitalization of $5.64 billion and a PE ratio of 66.19.
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 firm earned $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the company posted $0.01 EPS. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. Equities analysts anticipate that STMicroelectronics NV will post $0.16 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 28th. Stockholders of record on Tuesday, June 21st were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Friday, June 17th.
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 disclosure with the SEC. The fund 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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