STMicroelectronics NV Receives Consensus Rating of “Hold” from Analysts (NYSE:STM)
Shares
of STMicroelectronics NV (NYSE:STM) have earned an average rating of
“Hold” from the twelve ratings firms that are covering the stock, AnalystRatings.NET reports.
Three research analysts have rated the stock with a sell rating, seven
have assigned a hold rating and two have assigned a buy rating to the
company. The average 1 year price target among brokers that have
updated their coverage
on the stock in the last year is $10.50.
Shares of STMicroelectronics NV (NYSE:STM) traded down 1.4505% during mid-day trading on Friday, hitting $7.5686. The company had a trading volume of 789,358 shares. STMicroelectronics NV has a 52 week low of $6.27 and a 52 week high of $9.98. The firm has a 50-day moving average price of $7.95 and a 200-day moving average price of $8.58. The firm has a market capitalization of $6.65 billion and a PE ratio of 64.1407.
STMicroelectronics
NV (NYSE:STM) last announced its quarterly earnings results on
Thursday, July 23rd. The company reported $0.06 earnings per share (EPS)
for the quarter, beating the consensus estimate of $0.04 by $0.02. The business had revenue of $1.75 billion for the quarter, compared to analysts’
expectations of $1.76 billion. During the same quarter in the previous
year, the company posted $0.04 EPS. The company’s revenue was down 5.6%
compared to the same quarter last year. Equities analysts forecast that
STMicroelectronics NV will post $0.28 earnings per share for the
current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 5.21%. The ex-dividend date is Friday, September 18th.
STM has been the topic of several research reports. Barclays raised STMicroelectronics NV from an “underweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. JPMorgan Chase & Co. cut STMicroelectronics NV from a “neutral” rating to an “underweight” rating in a research report on Monday, July 13th. Citigroup Inc. lowered shares of STMicroelectronics NV from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 22nd. HSBC upgraded STMicroelectronics NV from a “reduce” rating to a “hold” rating in a research note on Friday, July 24th. Finally, Zacks downgraded shares of STMicroelectronics NV from a “hold” rating to a “sell” rating in a report on Tuesday.
STMicroelectronics N.V. is a semiconductor company. The Company designs, develops, manufactures and markets a range of semiconductor products used in a variety of applications, including automotive products, computer peripherals, telecommunications systems, consumer
products, industrial automation and control systems. Its product segments include sense and power and automotive products (NYSE:STM) and embedded processing solutions (EPS). Its major customers include Apple, Blackberry, Bosch, Cisco, Conti, Hewlett-Packard, Nokia,
Oberthur, Samsung, and Western Digital. It also sells its products
through distributors and retailers, including Arrow Electronics, Avnet,
Wintech and Yosun.
