STMicroelectronics N.V. (STM) Earning Somewhat Favorable Media Coverage, Report Finds

Media headlines about STMicroelectronics N.V. (NYSE:STM) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. STMicroelectronics N.V. earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the semiconductor producer an impact score of 45.8492781799166 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news articles that may have effected Accern’s scoring:

STM has been the subject of a number of recent research reports. Zacks Investment Research downgraded STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Stifel Nicolaus upgraded STMicroelectronics N.V. from a “hold” rating to a “buy” rating and dropped their target price for the stock from $14.84 to $14.50 in a research report on Tuesday, June 27th. BidaskClub downgraded STMicroelectronics N.V. from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. J P Morgan Chase & Co upgraded STMicroelectronics N.V. from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 11th. Finally, Craig Hallum restated a “buy” rating on shares of STMicroelectronics N.V. in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $18.38.

Shares of STMicroelectronics N.V. (STM) opened at 19.19 on Friday. The stock’s 50 day moving average price is $17.41 and its 200-day moving average price is $16.14. The company has a market cap of $17.04 billion, a P/E ratio of 39.24 and a beta of 0.64. STMicroelectronics N.V. has a 52-week low of $7.76 and a 52-week high of $19.25.

STMicroelectronics N.V. (NYSE:STM) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor producer reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). STMicroelectronics N.V. had a net margin of 5.97% and a return on equity of 10.60%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the business earned $0.03 EPS. The company’s revenue was up 12.9% compared to the same quarter last year. Equities analysts expect that STMicroelectronics N.V. will post $0.82 EPS for the current year.

STMicroelectronics N.V. announced that its board has authorized a stock buyback plan on Thursday, June 22nd that permits the company to buyback $297.00 million in outstanding shares. This buyback authorization permits the semiconductor producer to reacquire up to 2.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 26th. Investors of record on Tuesday, September 19th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, September 18th. STMicroelectronics N.V.’s dividend payout ratio (DPR) is 40.00%.

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STMicroelectronics N.V. Company Profile

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.

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