STMicroelectronics NV (ADR) (STM) is Reiterated by Craig Hallum to Buy, Raises Price Target to $ 10

STMicroelectronics NV (ADR) (STM) was Reiterated by Craig Hallum to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 10 from a previous price target of $8 . Craig Hallum advised their investors in a research report released on Oct 14, 2016.

Many Wall Street Analysts have commented on STMicroelectronics NV (ADR). Company shares were Upgraded by Robert W. Baird on Oct 10, 2016 to ” Outperform”, Firm has raised the Price Target to $ 11 from a previous price target of $7 .STMicroelectronics NV (ADR) was Downgraded by BofA/Merrill to ” Underperform” 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) closed down -0.25 points or -3.01% at $8.05 with 34,77,710 shares getting traded on Tuesday. Post opening the session at $8.22, the shares hit an intraday low of $7.98 and an intraday high of $8.23 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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