STMicroelectronics NV (ADR) (STM) is Upgraded by Craig Hallum to Buy

STMicroelectronics NV (ADR) (STM) was Upgraded by Craig Hallum to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Craig Hallum advised their investors in a research report released on Apr 27, 2016.

On the company’s financial health, STMicroelectronics NV (ADR) reported $-0.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.00. The company had revenue of $1613.00 million for the quarter, compared to analysts expectations of $1628.36 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.

STMicroelectronics NV (ADR) opened for trading at $5.78 and hit $5.85 on the upside on Friday, eventually ending the session at $5.82, with a gain of 0.52% or 0.03 points. The heightened volatility saw the trading volume jump to 5,33,823 shares. Company has a market cap of $5,113 M.

STMicroelectronics N.V. is a semiconductor company. The Company designs develops manufactures and markets a range of semiconductor products used in applications such as Internet of Things (IoT) and serving many different end markets. The Company operates through two business segments: Sense & Power and Automotive Products (SP&A) and Embedded Processing Solutions (EPS). The SP&A segment consists of product lines such as Automotive (APG) Industrial and Power Discrete (IPD) Analog and MEMS (AMS) and other SP&A. The EPS segment consists of product lines such as Digital Convergence Group (DCG) and Imaging BI-CMOS ASIC and Silicon Photonics (IBP) (DCG and IBP are combined as DPG); Microcontrollers Memory & Secure MCU (MMS) and Other EPS. The Company operates in Semiconductors and Subsystems business areas.

STMicroelectronics NV (ADR)

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