STMicroelectronics NV (STM) Shares Up 1.9%
Shares of STMicroelectronics NV (NYSE:STM) shot up 1.9% during mid-day trading on Monday . The stock traded as high as $6.45 and last traded at $6.42, with a volume of 1,962,603 shares trading hands. The stock had previously closed at $6.30.
Several analysts have weighed in on STM shares. Zacks Investment Research upgraded shares of STMicroelectronics NV from a “sell” rating to a “hold” rating in a research note on Saturday, April 30th. Craig Hallum upgraded shares of STMicroelectronics NV from a “hold” rating to a “buy” rating in a research note on Wednesday, April 27th.
The firm’s 50 day moving average is $5.90 and its 200-day moving average is $5.82. The firm has a market capitalization of $6.30 billion and a PE ratio of 73.866.
STMicroelectronics NV (NYSE:STM) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by $0.01. The business earned $1.70 million during the quarter, compared to the consensus estimate of $1.76 million. During the same quarter in the previous year, the business posted $0.04 EPS. The firm’s revenue was down 3.2% 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 declared a quarterly dividend, which was paid on Tuesday, June 28th. Shareholders of record on Tuesday, June 21st were issued 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 3.66%.
A hedge fund recently bought a new stake 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 Form 13F filing with the Securities and Exchange Commission. 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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