STMicroelectronics N.V. Target of Unusually Large Options Trading (STM)
STMicroelectronics N.V. (NYSE:STM) saw some unusual options trading on Thursday. Stock traders acquired 333 call options on the stock. This is an increase of approximately 178% compared to the typical daily volume of 120 call options.
STMicroelectronics N.V. (NYSE:STM) opened at 15.13 on Friday. The firm’s 50-day moving average price is $15.97 and its 200 day moving average price is $14.47. The firm has a market capitalization of $13.37 billion, a P/E ratio of 42.50 and a beta of 0.63. STMicroelectronics N.V. has a one year low of $5.26 and a one year high of $17.34.
STMicroelectronics N.V. (NYSE:STM) last posted its quarterly earnings results on Thursday, April 27th. The semiconductor producer reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.02. STMicroelectronics N.V. had a net margin of 4.37% and a return on equity of 8.14%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the company earned ($0.02) earnings per share. The business’s quarterly revenue was up 12.9% on a year-over-year basis. On average, equities analysts anticipate that STMicroelectronics N.V. will post $0.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Tuesday, June 27th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, June 23rd. This represents a $0.24 annualized dividend and a yield of 1.59%. STMicroelectronics N.V.’s payout ratio is 55.56%.
Several research firms recently weighed in on STM. Zacks Investment Research downgraded STMicroelectronics N.V. from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. BidaskClub downgraded STMicroelectronics N.V. from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Stifel Nicolaus raised STMicroelectronics N.V. from a “hold” rating to a “buy” rating and cut their price objective for the company from $14.84 to $14.50 in a report on Tuesday, June 27th. Robert W. Baird raised their price objective on STMicroelectronics N.V. from $15.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Finally, Craig Hallum reissued a “buy” rating and set a $20.00 price objective on shares of STMicroelectronics N.V. in a report on Thursday, April 27th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. STMicroelectronics N.V. presently has an average rating of “Hold” and a consensus target price of $16.88.
Hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in STMicroelectronics N.V. by 20.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,607 shares of the semiconductor producer’s stock valued at $119,000 after buying an additional 1,771 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in STMicroelectronics N.V. by 114.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,808 shares of the semiconductor producer’s stock valued at $121,000 after buying an additional 4,175 shares during the last quarter. Financial Architects Inc acquired a new stake in STMicroelectronics N.V. during the first quarter valued at about $123,000. Quadrant Capital Group LLC raised its stake in STMicroelectronics N.V. by 388.3% in the first quarter. Quadrant Capital Group LLC now owns 8,672 shares of the semiconductor producer’s stock valued at $131,000 after buying an additional 6,896 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in STMicroelectronics N.V. during the fourth quarter valued at about $133,000. Institutional investors and hedge funds own 4.92% of the company’s stock.
STMicroelectronics N.V. Company Profile
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.
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