STMicroelectronics NV (ADR) (STM) is Downgraded by BofA/Merrill to Underperform

STMicroelectronics NV (ADR) (STM) was Downgraded by BofA/Merrill to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Sep 2, 2016.

On the company’s financial health, STMicroelectronics NV (ADR) reported $0.03 EPS for the quarter, based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus estimate of $0.03. The company had revenue of $1703.00 million for the quarter, compared to analysts expectations of $1712.97 million. The company’s revenue was down -3.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.04 EPS.

STMicroelectronics NV (ADR) opened for trading at $7.53 and hit $7.57 on the upside on Thursday, eventually ending the session at $7.54, with a gain of 0.13% or 0.01 points. The heightened volatility saw the trading volume jump to 17,13,364 shares. Company has a market cap of $6,660 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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