STMicroelectronics N.V. (NYSE:STM) Closed Above Its 50 Day Average


Shares of the company are trading at $20.71 which is marginally over $19.42, the 50 day moving average and which is impressively higher than the 200 day moving average of $16.95. The 50 day moving average was up $1.29 or +6.63% and the 200 day average went up by +22.16%. STMicroelectronics N.V. shares had a trading volume of 2,849K by the end of trading on Tuesday. Volume was up 296.89% over the stocks average daily volume.

Investors are a little more bearish of late considering the uptick in short interest. The company recorded a rise in short interest from September 15, 2017 to September 29, 2017 of 2.41%. Short interest increased from 6,911,688 to 7,078,262 over that period. Days to cover increased 1.0 to 2.0 and the percentage of shorted shares was 0.01% on September 29.

Here are a few substantial investment firms who have updated their positions. Advisory Services Network, LLC cut its position by selling 24,975 shares a decrease of 37.3% in the quarter. Advisory Services Network, LLC now controls 42,036 shares valued at $816,000. The total value of its holdings decreased 15.4%. As of the end of the quarter Creative Planning had disposed of 3,544 shares trimming its position 3.4%. The value of the investment in (STM) went from $1,491,000 to $1,945,000 a change of 30.4% for the reporting period.

Nepsis Capital Management, Inc. reduced its holdings by shedding 80,793 shares a decrease of 20.9%. Nepsis Capital Management, Inc. currently owns 305,445 shares with a value of $5,932,000. The value of the position overall is up by 6.8%. As of quarter end Winslow, Evans & Crocker, Inc. had bought a total of 1 shares growing its holdings by 0.3%. The value of the investment in STM increased from $4,961,000 to $6,700,000 a change of $1,739,000 since the last quarter.

On July 11 the company was upgraded to “Overweight” from “Underweight” in a report issued by JP Morgan.

The company is trading up by 3.97% percent from yesterday’s close. STMicroelectronics N.V. also recently announced a dividend that was paid on Tuesday the 26th of September 2017. The dividend was $0.060 per share for the quarter or $0.24 annualized. This dividend represents a yield of $1.22 which is the dividend as a percentage of the current share price. The ex-dividend date was Monday the 18th of September 2017.

The P/E ratio is 42.35 and market cap is 18.39B. In the latest earnings report the EPS was $0.49 and is estimated to be $0.82 for the current year with 887,810,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.27 and the next full year EPS is anticipated to be $1.05.

STMicroelectronics N.V., launched on May 21, 1987, is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, application-specific integrated circuits (ASICs), full custom devices and semi-custom devices, and application-specific standard products (ASSPs) for analog, digital and mixed-signal applications. In addition, it participates in the manufacturing value chain of smartcard products, which include the production and sale of both silicon chips and Smartcards. The Business’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others. It offers analog products that can be used to design any system requiring semiconductors, including sensors, signal channel devices, output power stages-discrete and/or integrated, as well as complete power management blocks. ADG comprises all dedicated automotive Integrated Circuits (ICs) (both digital and analog), and discrete and power transistor products. AMG comprises low-power high-end analog ICs (both custom and general purpose) for all markets; smart power products for Industrial, Computer and Consumer markets; Touch Screen Controllers; Low Power Connectivity solutions (both wireline and wireless) for Internet of Things (IoT); power conversion products, and metering solutions for Smart Grid and all Micro Electro-Mechanical Systems (MEMS) products, either sensors or actuators. MDG comprises general purpose and secure microcontrollers, Electrically Erasable Programmable Read-Only Memory (EEPROM) memories, and digital ASICs, as well as restructured businesses, such as set-top box ICs or former ST-Ericsson products. The Others segment includes all the financial values related to the Imaging Product Division (including the sensors and modules from its Time of Flight technology), Subsystems and other products..