The firm now has a sell rating on the semiconductor producer's stock. Four investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have assigned a buy recommendation to the company. The stock presently has an average rating of Hold and a consensus target price of €16.56 ($19.26).
A number of analysts have recently issued reports on the stock. Citigroup Inc. set a €21.00 ($24.71) price target on shares of STMicroelectronics NV and gave the stock a "neutral" rating in a research note on Friday.
Craig Hallum raised the price target of the stock on October 26 boosting the projection from $21.00 to $26.00 with a rating of "Buy". J P Morgan Chase & Co set a €16.30 ($19.18) price target on shares of STMicroelectronics NV and gave the stock a "buy" rating in a research note on Thursday. Finally, Bank of America Corp. lowered shares of STMicroelectronics NV from a "neutral" rating to an "underperform" rating in a research report on Friday, September 2nd.
Pandora Media Inc (NYSE:P) Sees Price Decrease - Down by 3.72%
Osterweis Capital Management Inc. acquired a new stake in shares of Pandora Media during the second quarter worth about $125,000. The Internet radio service reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02.
STMicroelectronics NV (NYSE:STM) opened at 10.59 on Wednesday. STMicroelectronics NV has a 12-month low of €7.89 and a 12-month high of €20.39. The company has a market cap of $21,837.39, a price-to-earnings ratio of 32.84 and a beta of 0.80. The firm's 50 day moving average price is €16.72 and its 200 day moving average price is €14.86.
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STMicroelectronics NV (NYSE:STM) last announced its quarterly earnings data on Thursday, October 27th. In the last earnings report the EPS was $0.66 with 882.81M shares outstanding. STMicroelectronics NV had a return on equity of 2.46% and a net margin of 0.81%. During the same period past year, the company earned $0.12 earnings per share. Equities analysts anticipate that STMicroelectronics NV will post $0.26 earnings per share for the current fiscal year. The ex-dividend date of this dividend is Friday, December 16th. Acadian Asset Management LLC grew its position in shares of STMicroelectronics N.V.by 21.4% in the second quarter. Jefferies Group LLC now owns 20,549 shares of the company's stock valued at $121,000 after buying an additional 1,529 shares during the period. Advisor Group Inc. acquired a new position in STMicroelectronics NV during the second quarter valued at approximately $577,000. Sensato Investors LLC now owns 1,941,246 shares of the semiconductor producer's stock valued at $27,915,000 after purchasing an additional 285,200 shares during the period. 2,820,000 shares of the company's stock were exchanged, compared to its average volume of 2,780,000.
Real Madrid Have Reportedly Dropped Their Asking Price For Gareth Bale
Bale is facing an extended period on the sidelines after suffering a fibrillar rupture to the adductor muscle of his left leg. According to Spanish outlet AS, patience has gone at the Bernabeu over Bale and Madrid have chose to sell him next summer.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. The correct version of this piece of content can be accessed at investing/analysts-set-stmicroelectronics-nv-stm-pt-at-9-30/1114385.html.
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.
Microsoft Corporation (MSFT) EVP Christopher C. Capossela Sells 4000 Shares of Stock
According to Finviz reported data, The SMA20 of the stock is at 3.1 percent, SMA50 is 8.32 percent, while SMA200 is 18.6 percent. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.12.