Shares of STMicroelectronics NV (NYSE:STM) gapped up prior to trading on Thursday . The stock had previously closed at $6.92, but opened at $7.07. STMicroelectronics NV shares last traded at $7.29, with a volume of 1,142,874 shares traded.

A number of brokerages have commented on STM. Zacks Investment Research upgraded STMicroelectronics NV from a “sell” rating to a “hold” rating in a research report on Saturday, April 30th. Craig Hallum upgraded STMicroelectronics NV from a “hold” rating to a “buy” rating in a research report on Wednesday, April 27th.

The stock has a 50-day moving average price of $6.16 and a 200 day moving average price of $5.88. The company has a market capitalization of $6.44 billion and a price-to-earnings ratio of 86.79.

STMicroelectronics NV (NYSE:STM) last released its earnings results on Wednesday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.00. The company earned $1.70 million during the quarter, compared to analyst estimates of $1.76 million. The business’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.04 earnings per share. Equities analysts predict that STMicroelectronics NV will post $0.21 earnings per share for the current year.

A hedge fund recently bought a new stake in STMicroelectronics NV stock. Sei Investments Co. bought a new position in shares of STMicroelectronics NV (NYSE:STM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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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