STMicroelectronics NV (NYSE:STM)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $7.41, but opened at $7.48. STMicroelectronics NV shares last traded at $7.62, with a volume of 703,719 shares changing hands.

STM has been the subject of several research analyst reports. Craig Hallum upgraded STMicroelectronics NV from a “hold” rating to a “buy” rating in a research note on Wednesday, April 27th. Zacks Investment Research upgraded STMicroelectronics NV from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Friday, July 29th. Finally, TheStreet upgraded STMicroelectronics NV from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $8.15.

The stock has a 50-day moving average of $6.71 and a 200 day moving average of $5.97. The stock has a market cap of $6.75 billion and a PE ratio of 90.95.

STMicroelectronics NV (NYSE:STM) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.00. During the same period last year, the company posted $0.04 EPS. The firm earned $1.70 million during the quarter, compared to analyst estimates of $1.76 million. STMicroelectronics NV’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 fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 27th. Stockholders of record on Tuesday, September 20th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 3.14%.

STMicroelectronics N.V. is a global semiconductor company. The Company is focused on Smart Driving, enabled by digitalization and electrification of the car, and the Internet of Things, including portable and wearable systems, as well as smart home, city and industry applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG) and Others.

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