STMicroelectronics NV (NYSE:STM) shares 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 trading hands.

STM has been the subject of a number of recent research reports. Zacks Investment Research lowered STMicroelectronics NV from a “hold” rating to a “sell” rating in a report on Saturday, April 16th. Craig Hallum upgraded STMicroelectronics NV from a “hold” rating to a “buy” rating in a report on Wednesday, April 27th. Finally, TheStreet upgraded STMicroelectronics NV from a “hold” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $8.15.

The firm has a market cap of $6.51 billion and a P/E ratio of 87.74. The firm’s 50 day moving average price is $6.21 and its 200-day moving average price is $5.89.

STMicroelectronics NV (NYSE:STM) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.00. During the same period in the previous year, the business earned $0.04 EPS. The business earned $1.70 million during the quarter, compared to the consensus estimate of $1.76 million. The business’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts predict that STMicroelectronics NV will post $0.21 EPS for the current year.

A hedge fund recently bought a new stake 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).