STMicroelectronics NV (STM) Downgraded by BidaskClub

STMicroelectronics NV (ADR) (NYSE:STM) has risen 191.28% since June 27, 2016 and is uptrending. Envestnet Asset Management has an ownership of 10,607 stocks of the semiconductor producer's shares valued $119,000 after scooping up an extra 1,771 shares through out the quarter. The Tpg Group Holdings Sbs Advisors Inc holds 1.90M shares with $95.76M value, up from 1.87M last quarter. Envestnet Asset Management Inc. raised its position in STMicroelectronics 20.0% in the fourth quarter. Tyers Asset Management LLC bought a new stake in STMicroelectronics N.V. during the fourth quarter worth approximately $123,000. FMR LLC purchased a new stake in shares of STMicroelectronics N.V. during the first quarter valued at about $21,932,000. Quadrant Capital Group LLC increased its stake in shares of STMicroelectronics 388.3% in the first quarter.

Institutional investors now hold around $668 million or 5.2% in STM stock. STMicroelectronics N.V. has a 12 month low of $5.26 and a 12 month high of $17.34.

The share price of the company (NYSE:STM) was up +3.28% during the last trading session, with a high of 14.84 and the volume of STMicroelectronics N.V. shares traded was 4919614. Similar statistics are true for the second largest owner, Renaissance Technologies Llc, which owns 5,299,919 shares of the stock are valued at $79.29 million. The firm has a market capitalization of €11.11 billion and a price-to-earnings ratio of 35.31. The firm has a 50 day moving average price of $15.97 and a 200-day moving average price of $14.47.

STMicroelectronics N.V. had a net profit margin of 4.37% and a ROE of 8.14%. (NYSE:STM) last issued its quarterly earnings data on Thursday, April 27th. The semiconductor producer reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by $0.02. STMicroelectronics N.V. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.82 billion. The business's revenue for the quarter was up 12.9% on a year-over-year basis. Equities analysts forecast that STMicroelectronics N.V. will post $0.77 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th.

STMicroelectronics N.V. was upgraded to "buy" by analysts at Stifel Nicolaus. The ex-dividend date is Friday, June 23rd. The dividend will be $0.060 per share for the quarter or $0.24 annualized. STMicroelectronics N.V. pays out 55.6% of its earnings in the form of a dividend. If you are viewing this report on another site, it was illegally stolen and republished in violation of USA and global copyright & trademark laws.

"TRADEMARK VIOLATION WARNING: "$1.91 Billion in Sales Expected for STMicroelectronics N.V. (NYSE:STM) This Quarter" was originally posted by Community Financial News and is owned by of Community Financial News.

A number of other research analysts also recently issued reports on STM. Craig Hallum reiterated a "buy" recommendation and given a $20.00 price objective on the stock of STMicroelectronics a study analysis published on early Thur, Apr 27th. Kepler Capital Markets set a €13.00 ($14.61) price objective on STMicroelectronics NV and gave the company a neutral rating in a research note on Wednesday, March 8th. Zacks Investment Research lowered STMicroelectronics N.V. from a "buy" rating to a "hold" rating in a report on Wednesday, June 7th.

04/27/2017 - STMicroelectronics N.V. had its "outperform" rating reiterated by analysts at Robert W. Baird.

Stock market analysts watching STMicroelectronics N.V. (NYSE:STM) have recently changed their ratings on the stock.

Among 9 analysts covering STMicroelectronics (NYSE:STM), 4 have Buy rating, 2 Sell and 3 Hold. The average 12 month price target among analysts that have updated their coverage on the stock in the previous year is €12.90 ($14.49).

STMicroelectronics a global semiconductor firm that designs, develops, makes and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits for analog, digital and mixed-signal applications.

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