STMicroelectronics N.V. (NYSE:STM) issued its quarterly earnings results on Wednesday. The semiconductor producer reported $0.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.17, Morningstar.com reports. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. STMicroelectronics N.V. had a net margin of 4.37% and a return on equity of 8.14%. STMicroelectronics N.V.’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 EPS.

Shares of STMicroelectronics N.V. (NYSE STM) traded up 2.04% during mid-day trading on Wednesday, hitting $17.03. The stock had a trading volume of 4,606,477 shares. The firm has a market cap of $15.05 billion, a PE ratio of 47.84 and a beta of 0.63. The stock has a 50 day moving average price of $15.56 and a 200 day moving average price of $15.04. STMicroelectronics N.V. has a 52 week low of $6.40 and a 52 week high of $17.34.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Tuesday, June 27th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 23rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.44%. STMicroelectronics N.V.’s payout ratio is 55.56%.

STM has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of STMicroelectronics N.V. from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Stifel Nicolaus cut shares of STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a research report on Monday, May 15th. BidaskClub raised shares of STMicroelectronics N.V. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Craig Hallum restated a “buy” rating and issued a $20.00 price target on shares of STMicroelectronics N.V. in a report on Thursday, April 27th. Finally, J P Morgan Chase & Co upgraded shares of STMicroelectronics N.V. from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. STMicroelectronics N.V. presently has an average rating of “Hold” and a consensus price target of $16.88.

A number of large investors have recently modified their holdings of STM. PNC Financial Services Group Inc. raised its stake in shares of 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 worth $121,000 after buying an additional 4,175 shares in the last quarter. Financial Architects Inc acquired a new stake in shares of STMicroelectronics N.V. during the first quarter valued at approximately $123,000. Quadrant Capital Group LLC raised its stake in shares of 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. Envestnet Asset Management Inc. raised its stake in shares of 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. Finally, IFP Advisors Inc raised its stake in shares of STMicroelectronics N.V. by 4,233.5% in the first quarter. IFP Advisors Inc now owns 10,877 shares of the semiconductor producer’s stock valued at $168,000 after buying an additional 10,626 shares during the last quarter. Institutional investors and hedge funds own 4.92% of the company’s stock.

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About STMicroelectronics N.V.

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.

Earnings History for STMicroelectronics N.V. (NYSE:STM)

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