STMicroelectronics (STM) to Release Quarterly Earnings on Tuesday
STMicroelectronics (NYSE:STM) is scheduled to be posting its Q313 quarterly earnings results on Tuesday, October 22nd. Analysts expect STMicroelectronics to post earnings of $0.05 per share and revenue of $2.04 billion for the quarter.
STMicroelectronics (NYSE:STM) traded up 2.31% during mid-day trading on Monday, hitting $8.85. 985,560 shares of the company’s stock traded hands. STMicroelectronics has a 52-week low of $5.31 and a 52-week high of $10.05. The stock’s 50-day moving average is $8.99 and its 200-day moving average is $8.87. The company’s market cap is $7.881 billion.
STM has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of STMicroelectronics from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, October 9th. They now have a $8.60 price target on the stock. On a related note, analysts at Sanford C. Bernstein initiated coverage on shares of STMicroelectronics in a research note to investors on Thursday, September 5th. They set a “market perform” rating on the stock. Finally, analysts at HSBC downgraded shares of STMicroelectronics from a “neutral” rating to an “underweight” rating in a research note to investors on Friday, August 16th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.88.
STMicroelectronics N.V. is a global independent semiconductor company that designs, develops, manufactures and markets a range of semiconductor products used in a variety of microelectronic applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems.
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