STMicroelectronics N.V. (STM) Earns Coverage Optimism Score of 0.16
News articles about STMicroelectronics N.V. (NYSE:STM) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. STMicroelectronics N.V. earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news coverage about the semiconductor producer an impact score of 46.2698081765907 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- STMicroelectronics N.V. (STM) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Learn details of the position sensor market worth 5.98 billion USD by 2022 (whatech.com)
- STMicroelectronics N.V. (STM) Declares $0.06 Quarterly Dividend (americanbankingnews.com)
- Smart Sensor to Steady Growth in The Near Future (emailwire.com)
- Medical Electronics Market Demand, Growth and Forecast, 2017-2025 (sbwire.com)
STMicroelectronics N.V. (STM) remained flat at $16.86 during trading on Tuesday. 1,640,211 shares of the company’s stock traded hands. The company has a 50-day moving average price of $16.11 and a 200 day moving average price of $15.62. The stock has a market capitalization of $14.97 billion, a P/E ratio of 34.48 and a beta of 0.66. STMicroelectronics N.V. has a 52 week low of $7.24 and a 52 week high of $17.46.
STMicroelectronics N.V. (NYSE:STM) last released its earnings results 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 business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. STMicroelectronics N.V. had a return on equity of 10.60% and a net margin of 5.97%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 earnings per share. Equities research analysts expect that STMicroelectronics N.V. will post $0.82 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Tuesday, September 19th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Monday, September 18th. STMicroelectronics N.V.’s payout ratio is 40.00%.
STMicroelectronics N.V. announced that its board has approved a share buyback program on Thursday, June 22nd that allows the company to buyback $297.00 million in outstanding shares. This buyback authorization allows the semiconductor producer to purchase up to 2.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
STM has been the topic of several analyst reports. BidaskClub raised shares of STMicroelectronics N.V. from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Zacks Investment Research lowered shares of STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Stifel Nicolaus raised shares of STMicroelectronics N.V. from a “hold” rating to a “buy” rating and dropped their price target for the stock from $14.84 to $14.50 in a research report on Tuesday, June 27th. Robert W. Baird upped their price target on shares of STMicroelectronics N.V. from $15.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Finally, 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.38.
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STMicroelectronics N.V. Company Profile
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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