STMicroelectronics N.V. (STM) Earns Daily News Sentiment Score of -0.05
News articles about STMicroelectronics N.V. (NYSE:STM) have been trending somewhat negative on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. STMicroelectronics N.V. earned a media sentiment score of -0.05 on Accern’s scale. Accern also assigned media headlines about the semiconductor producer an impact score of 71 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Emerging Static Random Access Memory (SRAM) Market Research 2020 (reports.pr-inside.com)
- Learn details of the automotive power electronics market worth 5.49 billion USD by 2022 (whatech.com)
- STMicroelectronics Announces Status of Common Share Repurchase Program – GlobeNewswire (press release) (globenewswire.com)
- STMicroelectronics NV (STM) in Uptrend Figure with Margin Ratio Analysis with General Dynamics Corporation (GD) – Investing News Update (investingbizz.com)
- Share Activity Lifted for STMicroelectronics NV (STM) in Session – Evergreen Caller (evergreencaller.com)
Several research firms recently issued reports on STM. Zacks Investment Research cut shares of STMicroelectronics N.V. from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Craig Hallum reiterated a “buy” rating and set a $20.00 target price on shares of STMicroelectronics N.V. in a research note on Thursday, April 27th. J P Morgan Chase & Co upgraded shares of STMicroelectronics N.V. from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 11th. BidaskClub lowered shares of STMicroelectronics N.V. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Robert W. Baird boosted their target price on shares of STMicroelectronics N.V. from $15.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $18.38.
STMicroelectronics N.V. (STM) traded up 1.22% during trading on Thursday, hitting $17.37. 3,279,968 shares of the stock traded hands. The company has a 50-day moving average price of $15.60 and a 200 day moving average price of $15.28. STMicroelectronics N.V. has a one year low of $6.97 and a one year high of $17.44. The stock has a market cap of $15.82 billion, a PE ratio of 91.42 and a beta of 0.66.
STMicroelectronics N.V. (NYSE:STM) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor producer reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.92 billion. STMicroelectronics N.V. had a return on equity of 10.60% and a net margin of 5.97%. STMicroelectronics N.V.’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 earnings per share. Analysts expect that STMicroelectronics N.V. will post $0.81 earnings per share for the current year.
STMicroelectronics N.V. declared that its Board of Directors has initiated a share buyback program on Thursday, June 22nd that authorizes the company to buyback $297.00 million in outstanding shares. This buyback authorization authorizes the semiconductor producer to buy up to 2.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Tuesday, June 27th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Friday, June 23rd. STMicroelectronics N.V.’s dividend payout ratio (DPR) is currently 40.00%.
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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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