STMicroelectronics (STM) Receives Daily News Sentiment Rating of 0.14
Press coverage about STMicroelectronics (NYSE:STM) has been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. STMicroelectronics earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the semiconductor producer an impact score of 45.8689316965256 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Ex-Dividend Reminder: STMicroelectronics, Broadcom and Kaman (nasdaq.com)
- Stocks of Apple’s Suppliers React to iPhone X News (finance.yahoo.com)
- Global Temperature Sensor Market Is Projected to Be Worth US $8.7 Bn During 2016-2024 (sbwire.com)
- You can’t brush off the outlook: STMicroelectronics NV (STM), Oracle Corporation (ORCL) – Market Movers (financialqz.com)
- STMicroelectronics NV (STM) Acquires Atollic for $7M – StreetInsider.com (streetinsider.com)
STM has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, October 31st. Craig Hallum boosted their price objective on shares of STMicroelectronics from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, ValuEngine cut shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $21.88.
STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. STMicroelectronics had a net margin of 7.84% and a return on equity of 13.47%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the previous year, the business earned $0.11 EPS. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. equities analysts forecast that STMicroelectronics will post 0.92 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Tuesday, December 19th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Monday, December 18th. STMicroelectronics’s dividend payout ratio is presently 29.41%.
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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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