Stock Mover of The Day: What’s STMicroelectronics NV (ADR) Upside After Today’s Huge Increase?

Stock Mover of The Day: What's STMicroelectronics NV (ADR) Upside After Today's Huge Increase?

The stock of STMicroelectronics NV (ADR) (NYSE:STM) is a huge mover today! About 943,131 shares traded hands. STMicroelectronics NV (ADR) (NYSE:STM) has risen 67.24% since April 26, 2016 and is uptrending. It has outperformed by 61.98% the S&P500.
The move comes after 5 months positive chart setup for the $8.96 billion company. It was reported on Nov, 29 by Barchart.com. We have $10.19 PT which if reached, will make NYSE:STM worth $268.80 million more.

Analysts await STMicroelectronics NV (ADR) (NYSE:STM) to report earnings on January, 25. STM’s profit will be $135.89M for 16.48 P/E if the $0.15 EPS becomes a reality. After $0.11 actual EPS reported by STMicroelectronics NV (ADR) for the previous quarter, Wall Street now forecasts 36.36% EPS growth.

STMicroelectronics NV (ADR) (NYSE:STM) Ratings Coverage

Out of 7 analysts covering STMicroelectronics (NYSE:STM), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. STMicroelectronics has been the topic of 11 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Citigroup given on Wednesday, July 22. The stock has “Underperform” rating given by Bank of America on Friday, September 2. On Friday, October 14 the stock rating was maintained by Craig Hallum with “Buy”. Craig Hallum downgraded the shares of STM in a report on Friday, October 30 to “Hold” rating. The firm has “Hold” rating given on Wednesday, August 5 by Zacks. The firm has “Hold” rating given on Friday, July 24 by HSBC. Robert W. Baird upgraded STMicroelectronics NV (ADR) (NYSE:STM) on Monday, October 10 to “Outperform” rating. The stock of STMicroelectronics NV (ADR) (NYSE:STM) earned “Hold” rating by Kepler Cheuvreux on Wednesday, January 27. The stock of STMicroelectronics NV (ADR) (NYSE:STM) has “Buy” rating given on Thursday, October 27 by Craig Hallum. The stock of STMicroelectronics NV (ADR) (NYSE:STM) earned “Buy” rating by Natixis on Monday, September 14.

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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