STMicroelectronics (NYSE:STM) Trading Down 3.6% – Time to Sell?

STMicroelectronics N.V. (NYSE:STMGet Free Report) dropped 3.6% during trading on Wednesday . The company traded as low as $70.02 and last traded at $70.6970. Approximately 17,245,247 shares were traded during trading, an increase of 69% from the average daily volume of 10,176,159 shares. The stock had previously closed at $73.32.

Analysts Set New Price Targets

STM has been the subject of a number of recent research reports. Robert W. Baird set a $90.00 price target on shares of STMicroelectronics in a report on Friday, April 24th. Weiss Ratings upgraded shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a report on Thursday. Susquehanna lifted their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, February 23rd. Finally, Mizuho lifted their price target on shares of STMicroelectronics from $68.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Eleven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, STMicroelectronics has an average rating of “Moderate Buy” and an average target price of $64.39.

View Our Latest Stock Report on STMicroelectronics

STMicroelectronics Trading Down 1.1%

The business’s fifty day moving average is $56.34 and its 200-day moving average is $38.87. The stock has a market capitalization of $69.42 billion, a PE ratio of 483.12 and a beta of 1.94. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STMGet Free Report) last released its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. The firm had revenue of $3.10 billion during the quarter. As a group, analysts anticipate that STMicroelectronics N.V. will post 1.17 EPS for the current fiscal year.

STMicroelectronics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, September 22nd. STMicroelectronics’s payout ratio is presently 193.75%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Militia Capital Management LLC purchased a new stake in STMicroelectronics during the first quarter worth approximately $3,455,000. Parallel Advisors LLC grew its stake in STMicroelectronics by 47.5% during the first quarter. Parallel Advisors LLC now owns 7,454 shares of the semiconductor producer’s stock worth $258,000 after buying an additional 2,399 shares during the period. EverSource Wealth Advisors LLC grew its stake in STMicroelectronics by 82.3% during the first quarter. EverSource Wealth Advisors LLC now owns 5,293 shares of the semiconductor producer’s stock worth $183,000 after buying an additional 2,390 shares during the period. Empowered Funds LLC grew its stake in STMicroelectronics by 5.6% during the first quarter. Empowered Funds LLC now owns 26,157 shares of the semiconductor producer’s stock worth $904,000 after buying an additional 1,394 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new stake in STMicroelectronics during the first quarter worth approximately $19,132,000. 5.05% of the stock is owned by institutional investors and hedge funds.

About STMicroelectronics

(Get Free Report)

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.

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