STMicroelectronics (NYSE:STM) Inks $450 Million Load Pact with European Investment Bank

STMicroelectronics NV (ADR) (NYSE:STM) made a loan accord with the European Investment Bank to support its finances. The Geneva-based semiconductor maker previous week decided to break up its unprofitable ST-Ericsson chip venture with Ericsson AB.

STMicroelectronics reported a statement on Thursday that the 350 million-Euro or $450 million multicurrency pact will assist to fund research and development in technologies and gadgets.

The company has an option for payment until September coming year with final maturity 8 years afterward. Also, STMicro reported that it has repaid 350 million Euros of senior bonds.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. NXP Semiconductors NV (NASDAQ:NXPI) fell -0.23% to settle at $29.85, Analog Devices, Inc. (NASDAQ:ADI) moved up +2.49% to end at $45.75 while Microchip Technology Inc. (NASDAQ:MCHP) jumped +1.35% to finish at $36.71 on Tuesday.

STMicroelectronics N.V. (ADR) (NYSE:STM) on March 26, 2013 increased +1.39% to the closing price of $8.03. The overall volume in the last trading session was 926,942 shares. Its fifty two weeks range was $4.51 – $9.09. The total market capitalization remained at $7.13 billion.

STM is ahead of its 52-week low with 86.23% and lagging behind from its 52-week high price with -10.58%. STM’s last month’s stock price volatility remained 1.88%. In its share capital STM has 910.56 million outstanding shares, among them 659.86 million shares have been floated in market exchange. STM’s stock’s institutional ownership remained 3.52%.

The stock price of STM is moving forward from its 20 days moving average with 1.55% and remote negatively from 50 days moving average with -1.14%. STM’s current year’s earnings per share experienced a downfall of -280.34% while its current quarter performance remained at 14.06%. Company’s beta coefficient included 1.80. Beta factors measure the amount of market risk associated with market trade.

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