The stock of STMicroelectronics NV (ADR) (NYSE:STM) is a huge mover today! About 1.87 million shares traded hands. STMicroelectronics NV (ADR) (NYSE:STM) has risen 33.83% since March 3, 2016 and is uptrending. It has outperformed by 25.49% the S&P500.
The move comes after 5 months positive chart setup for the $7.53B company. It was reported on Oct, 6 by Barchart.com. We have $13.32 PT which if reached, will make NYSE:STM worth $4.74 billion more.
Analysts await STMicroelectronics NV (ADR) (NYSE:STM) to report earnings on November, 3. They expect $0.09 earnings per share, down 25.00% or $0.03 from last year’s $0.12 per share. STM’s profit will be $82.95 million for 22.69 P/E if the $0.09 EPS becomes a reality. After $0.04 actual earnings per share reported by STMicroelectronics NV (ADR) for the previous quarter, Wall Street now forecasts 125.00% EPS growth.
STMicroelectronics NV (ADR) (NYSE:STM) Ratings Coverage
Out of 6 analysts covering STMicroelectronics (NYSE:STM), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. STMicroelectronics has been the topic of 8 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Friday, October 30 the stock rating was downgraded by Craig Hallum to “Hold”. Kepler Cheuvreux upgraded STMicroelectronics NV (ADR) (NYSE:STM) on Wednesday, January 27 to “Hold” rating. The firm has “Neutral” rating given on Wednesday, July 22 by Citigroup. The stock of STMicroelectronics NV (ADR) (NYSE:STM) earned “Buy” rating by Natixis on Monday, September 14. HSBC upgraded the shares of STM in a report on Friday, July 24 to “Hold” rating. The rating was downgraded by Zacks on Wednesday, August 5 to “Hold”. The company was downgraded on Friday, September 2 by Bank of America.
According to Zacks Investment Research, “STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems.”
Another recent and important STMicroelectronics NV (ADR) (NYSE:STM) news was published by Livetradingnews.com which published an article titled: “STMicroelectronics NV (ADR)(NYSE:STM) Bullish Trend” on September 07, 2016.
STM Company Profile
STMicroelectronics N.V., incorporated on May 21, 1987, is a global semiconductor company. The Firm is focused on Smart Driving, enabled by digitalization and electrification of the car, and the Internet of Things, including portable and wearable systems, as well as smart home, city and industry applications. The Company’s divisions include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others. The Firm designs, develops, makes and markets a range of semiconductor products, including discrete and standard commodity components, application-specific integrated circuits (ASICs), custom devices and semi-custom devices and application-specific standard products (ASSPs) for analog, digital and mixed-signal applications. The Firm participates in the manufacturing value chain of smartcard products, which include the production and sale of both silicon chips and smartcards.
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