Shares of STMicroelectronics N.V. (NYSE:STM) hit a new 52-week high on Monday . The company traded as high as $23.59 and last traded at $23.64, with a volume of 3,018,164 shares. The stock had previously closed at $23.29.
A number of analysts recently weighed in on STM shares. Craig Hallum upped their price target on shares of STMicroelectronics N.V. from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research cut shares of STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. J P Morgan Chase & Co raised shares of STMicroelectronics N.V. from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 11th. Finally, BidaskClub raised shares of STMicroelectronics N.V. from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. STMicroelectronics N.V. currently has an average rating of “Buy” and an average target price of $21.88.
The firm has a market capitalization of $20.93 billion, a PE ratio of 48.20 and a beta of 0.70. The firm has a 50 day moving average price of $20.08 and a 200 day moving average price of $17.26.
STMicroelectronics N.V. (NYSE:STM) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. STMicroelectronics N.V. had a net margin of 7.84% and a return on equity of 13.47%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the prior year, the business posted $0.11 EPS. STMicroelectronics N.V.’s quarterly revenue was up 18.9% on a year-over-year basis. Equities analysts anticipate that STMicroelectronics N.V. will post $0.88 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in STM. PNC Financial Services Group Inc. grew its stake in STMicroelectronics N.V. by 114.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,808 shares of the semiconductor producer’s stock valued at $121,000 after buying an additional 4,175 shares during the last quarter. Quadrant Capital Group LLC grew 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 valued at $127,000 after buying an additional 433 shares during the last quarter. Financial Architects Inc grew 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 valued at $132,000 after buying an additional 1,181 shares during the last quarter. Thompson Davis & CO. Inc. grew 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 valued at $155,000 after buying an additional 5,540 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in STMicroelectronics N.V. in the 2nd quarter valued at $156,000. Institutional investors own 5.30% of the company’s stock.
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About STMicroelectronics N.V.
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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