STMicroelectronics N.V. (NYSE:STM) shares were down 0% on Thursday . The stock traded as low as $23.01 and last traded at $23.40. Approximately 9,832,292 shares were traded during trading, an increase of 159% from the average daily volume of 3,800,000 shares. The stock had previously closed at $23.40.

Several research analysts recently weighed in on STM shares. Craig Hallum reaffirmed a “buy” rating on shares of STMicroelectronics N.V. in a research note on Wednesday, September 13th. Zacks Investment Research raised STMicroelectronics N.V. from a “sell” rating to a “hold” rating and set a $19.00 target price for the company in a research note on Saturday, July 29th. Finally, BidaskClub raised STMicroelectronics N.V. from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $21.88.

The company has a market cap of $21,318.10, a price-to-earnings ratio of 32.06, a P/E/G ratio of 5.35 and a beta of 0.80. The company has a current ratio of 2.29, a quick ratio of 1.73 and a debt-to-equity ratio of 0.33.

STMicroelectronics N.V. (NYSE:STM) last announced its earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. STMicroelectronics N.V. had a return on equity of 13.47% and a net margin of 7.84%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the prior year, the business posted $0.11 earnings per share. STMicroelectronics N.V.’s revenue was up 18.9% compared to the same quarter last year. equities research analysts anticipate that STMicroelectronics N.V. will post 0.88 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in shares of STMicroelectronics N.V. by 114.9% during the first quarter. PNC Financial Services Group Inc. now owns 7,808 shares of the semiconductor producer’s stock valued at $121,000 after purchasing an additional 4,175 shares during the last quarter. Thompson Davis & CO. Inc. lifted its stake in STMicroelectronics N.V. by 225.2% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 8,000 shares of the semiconductor producer’s stock worth $155,000 after acquiring an additional 5,540 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in STMicroelectronics N.V. by 5.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 9,105 shares of the semiconductor producer’s stock worth $127,000 after acquiring an additional 433 shares in the last quarter. Financial Architects Inc lifted its stake in STMicroelectronics N.V. by 14.8% in the 2nd quarter. Financial Architects Inc now owns 9,141 shares of the semiconductor producer’s stock worth $132,000 after acquiring an additional 1,181 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in STMicroelectronics N.V. in the 2nd quarter worth about $156,000. 5.31% of the stock is owned by institutional investors and hedge funds.

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STMicroelectronics N.V. Company Profile

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal 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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