STMicroelectronics NV (ADR) (STM) is Upgraded by Robert W. Baird to Outperform, Raises Price Target to $ 11

STMicroelectronics NV (ADR) (STM) was Upgraded by Robert W. Baird to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 11 from a previous price target of $7 . Earlier the firm had a rating of “Neutral ” on the company shares. Robert W. Baird advised their investors in a research report released on Oct 10, 2016.

Many Wall Street Analysts have commented on STMicroelectronics NV (ADR). 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) opened for trading at $8.25 and hit $8.32 on the upside on Friday, eventually ending the session at $8.31, with a gain of 1.34% or 0.11 points. The heightened volatility saw the trading volume jump to 18,50,638 shares. Company has a market cap of $7,340 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)

Leave a Reply

STMicroelectronics NV (ADR) - Is it time to Sell?

Top Brokerage Firms are advising their investors on STMicroelectronics NV (ADR). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.