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Research analysts at Credit Suisse initiated coverage on shares of STMicroelectronics NV (NYSE:STM) in a report released on Wednesday. The firm set an “underperform” rating on the stock.

Shares of STMicroelectronics NV (NYSE:STM) opened at 8.40 on Wednesday. STMicroelectronics NV has a one year low of $7.20 and a one year high of $10.00. The stock’s 50-day moving average is $8.42 and its 200-day moving average is $8.99. The company’s market cap is $7.502 billion.

STMicroelectronics NV (NYSE:STM) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, analysts predict that STMicroelectronics NV will post $0.20 earnings per share for the current fiscal year.

The company also recently declared a special dividend, which is scheduled for Tuesday, December 23rd. Stockholders of record on Wednesday, December 17th will be given a dividend of $0.10 per share. This represents a yield of 5.15%. The ex-dividend date of this dividend is Monday, December 15th.

Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein downgraded shares of STMicroelectronics NV from a “market perform” rating to an “underperform” rating in a research note on Tuesday, July 29th. Separately, analysts at Bernstein downgraded shares of STMicroelectronics NV from a “market perform” rating to an “underperform” rating in a research note on Tuesday, July 29th. They now have a $7.15 price target on the stock, down previously from $8.19. Finally, analysts at Zacks upgraded shares of STMicroelectronics NV from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 17th. They now have a $10.20 price target on the stock. Seven investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. STMicroelectronics NV has a consensus rating of “Hold” and a consensus target price of $9.59.

STMicroelectronics N.V. is a semiconductor company. The Company designs, develops, manufactures and markets a range of semiconductor products used in a variety of applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems.

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