According to Zacks, “STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems. “
STM has been the topic of a number of other reports. Bank of America Corp. cut STMicroelectronics NV from a neutral rating to an underperform rating in a report on Friday, September 2nd. TheStreet raised STMicroelectronics NV from a hold rating to a buy rating in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. STMicroelectronics NV presently has an average rating of Hold and a consensus price target of $7.83.
STMicroelectronics NV (NYSE:STM) traded down 3.1728% on Wednesday, reaching $7.9011. The company’s stock had a trading volume of 1,236,488 shares. STMicroelectronics NV has a one year low of $5.11 and a one year high of $8.21. The firm has a 50-day moving average of $7.68 and a 200-day moving average of $6.36. The company has a market capitalization of $6.98 billion, a PE ratio of 94.0607 and a beta of 0.90.
STMicroelectronics NV (NYSE:STM) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.00. The business had revenue of $1.70 million for the quarter, compared to the consensus estimate of $1.76 million. STMicroelectronics NV had a net margin of 1.10% and a return on equity of 2.55%. STMicroelectronics NV’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.04 earnings per share. Analysts predict that STMicroelectronics NV will post $0.20 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 27th. Stockholders of record on Tuesday, September 20th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, September 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.94%. STMicroelectronics NV’s payout ratio is 250.03%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its position in shares of STMicroelectronics NV by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 18,729 shares of the company’s stock worth $105,000 after buying an additional 439 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of STMicroelectronics NV by 0.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 17,970 shares of the company’s stock worth $106,000 after buying an additional 162 shares during the last quarter. Checchi Capital Advisers LLC raised its position in shares of STMicroelectronics NV by 13.6% in the second quarter. Checchi Capital Advisers LLC now owns 19,213 shares of the company’s stock worth $113,000 after buying an additional 2,302 shares during the last quarter. Jefferies Group LLC raised its position in shares of STMicroelectronics NV by 8.0% in the second quarter. Jefferies Group LLC now owns 20,549 shares of the company’s stock worth $121,000 after buying an additional 1,529 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of STMicroelectronics NV during the second quarter worth $167,000. Hedge funds and other institutional investors own 2.07% of the company’s stock.
STMicroelectronics NV Company Profile
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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