Trading Report: The STMicroelectronics NV (STM) Announces Earnings Results

The STMicroelectronics NV (STM) Announces  Earnings Results

STMicroelectronics NV (NYSE:STM) announced its quarterly earnings data on Thursday. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by $0.01. STMicroelectronics NV had a net margin of 0.81% and a return on equity of 2.45%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the business earned $0.12 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year.

STMicroelectronics NV (NYSE:STM) opened at 9.21 on Monday. The stock has a market cap of $8.14 billion, a P/E ratio of 156.10 and a beta of 0.93. The stock has a 50 day moving average of $8.04 and a 200-day moving average of $6.75. STMicroelectronics NV has a 12 month low of $5.11 and a 12 month high of $9.28.

Several large investors have recently made changes to their positions in the stock. Jefferies Group LLC raised its stake 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 in the last quarter. Advisor Group Inc. purchased a new stake in shares of STMicroelectronics NV during the second quarter worth about $577,000. Stevens Capital Management LP raised its stake in shares of STMicroelectronics NV by 232.7% in the second quarter. Stevens Capital Management LP now owns 72,279 shares of the company’s stock worth $426,000 after buying an additional 50,553 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of STMicroelectronics NV by 354.1% in the second quarter. JPMorgan Chase & Co. now owns 490,582 shares of the company’s stock worth $2,890,000 after buying an additional 382,550 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of STMicroelectronics NV by 44.6% in the second quarter. First Trust Advisors LP now owns 123,756 shares of the company’s stock worth $729,000 after buying an additional 38,170 shares in the last quarter. 2.07% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the stock. Robert W. Baird upgraded shares of STMicroelectronics NV from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $7.00 to $11.00 in a report on Monday, October 10th. Zacks Investment Research upgraded shares of STMicroelectronics NV from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a report on Thursday, October 6th. Craig Hallum boosted their price target on shares of STMicroelectronics NV from $10.00 to $11.00 and gave the company a “buy” rating in a report on Thursday. Stifel Nicolaus upgraded shares of STMicroelectronics NV from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Bank of America Corp. lowered shares of STMicroelectronics NV from a “neutral” rating to an “underperform” rating in a report on Friday, September 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $9.30.

STMicroelectronics NV Company Profile

Related posts

Leave a Comment