STMicroelectronics NV (NYSE:STM) Business Review
STMicroelectronics NV (NYSE:STM) (TREND ANALYSIS) announced the STiD325 (codenamed Barcelona), its DOCSIS[1] 3.1 chipset for Broadband CPE[2] Cable Modems, embedded Media Terminal Adapters (eMTAs), and Gateways, as well as for Video Gateways when associated to set-top-box chipsets. It is being demonstrated at CableLabs Summer Conference, August 2-5, 2015 in Keystone, Colorado, USA.
DOCSIS 3.1 has been engineered by CableLabs(R) to unleash the multi-gigabit data era on existing Hybrid Fiber-Coax (HFC) networks through improved spectral efficiency using OFDM[3] multi-carrier modulation combined with low-density parity-check-based Forward Error Correction.
STMicroelectronics NV (NYSE:STM) stock is currently trading 21.74% below its 52-week-high, 24.56% above its 52-week-low. The 1-year stock price history is in the range of $6.27 – $9.98. STMicroelectronics NV (STM) has a price to earnings ratio of 66.19 versus Technology sector average of 21.07. STM stock price has outperformed the S&P 500 by 5.7%. The Electronic Components company is currently valued at $6.86 billion and its share price closed the last trading session at $7.81. The stock has a 50-day moving average of $7.91 and a 200-day moving average of $8.57.
STMicroelectronics NV (STM) current short interest stands at 4.85 million shares. It has increased by 31% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.94 million shares, the number of days required to cover the short positions stand at 5.2 days.
STM reported last quarter earnings on July 23. The Electronic Components company announced earnings per share of $0.06 against a consensus Street estimate of $0.04, beating the average estimate by $0.02. This corresponds to an increase of $0.07 compared to the same quarter of the previous fiscal year.
There are currently twenty-five analysts that cover STMicroelectronics NV stock. Of those twenty-five, six have a Buy rating, twelve have a Hold rating and seven have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $7.21.
A recent analyst activity consisted of HSBC upgrading their Reduce rating to Hold on July 24. On the date of report, the stock closed at $7.77.
Citigroup downgraded their Buy rating to Neutral on July 22. On the date of report, the stock closed at $7.42.
Another research firm was JP Morgan who downgraded their Neutral rating to Underweight on July 13. On the date of report, the stock closed at $7.84.
Company profile
STMicroelectronics N.V. designs, develops, manufactures, and markets semiconductor integrated circuits and discrete devices. The Company’s products are used in the telecommunications, consumer electronics, automotive, computer, and industrial sectors. Geographically, customers are located in North America, Europe, and the Asia/Pacific region.
