A statement released earlier today by Zacks Investment Research about STMicroelectronics NV (ADR) (NYSE:STM) bumps the target price to $9.00
- Updated: October 8, 2016
Having a price of $8.07, STMicroelectronics NV (ADR) (NYSE:STM) traded 1.34% higher on the day. With the last stock price up 28.40% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. STM has recorded a 50-day average of $7.80 and a two hundred day average of $6.47. Trade Volume was down over the average, with 1,850,638 shares of STM changing hands under the typical 1,983,760
Reporting a potential upside of 0.12%, Zacks Investment Research upped the price target of STMicroelectronics NV (ADR) (NYSE:STM) to $9.00
Recent Performance Chart
STMicroelectronics NV (ADR) has PE ratio of 98.93 with a one year low of $5.11 and a one year high of $8.32 and has a market capitalization of $0.
A total of 5 brokerages have released a report on STMicroelectronics NV (ADR). zero brokerages rating the company a strong buy, two brokerages rating the company a buy, three brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $6.42.
General Company Details For STMicroelectronics NV (ADR) (NYSE:STM)
STMicroelectronics N.V. is a global semiconductor company. The Company is focused on Smart Driving, enabled by digitalization and electrification of the car, and the Internet of Things, including portable and wearable systems, as well as smart home, city and industry applications. The Company's segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG) and Others. The Company designs, develops, manufactures and markets a range of semiconductor products, including discrete and standard commodity components, application-specific integrated circuits (ASICs), custom devices and semi-custom devices and application-specific standard products (ASSPs) for analog, digital and mixed-signal applications. The Company participates in the manufacturing value chain of smartcard products, which include the production and sale of both silicon chips and smartcards.
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