STMicroelectronics (NYSE:STM) Trading Down 5.6% – Time to Sell?

Shares of STMicroelectronics N.V. (NYSE:STM) were down 5.6% during trading on Wednesday . The stock traded as low as $69.79 and last traded at $70.7310. Approximately 14,280,845 shares changed hands during mid-day trading, an increase of 38% from the average daily volume of 10,382,824 shares. The stock had previously closed at $74.89.

Analysts Set New Price Targets

STM has been the topic of several research reports. Citigroup reissued a “buy” rating on shares of STMicroelectronics in a research report on Sunday, April 26th. Robert W. Baird set a $90.00 target price on shares of STMicroelectronics in a report on Friday, April 24th. TD Cowen restated a “hold” rating on shares of STMicroelectronics in a research note on Friday, April 24th. Craig Hallum upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Thursday, April 23rd. Finally, Mizuho boosted their price objective on shares of STMicroelectronics from $68.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.39.

STMicroelectronics Price Performance

The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12. The company has a market cap of $61.43 billion, a price-to-earnings ratio of 427.46 and a beta of 1.93. The company has a fifty day simple moving average of $66.98 and a two-hundred day simple moving average of $44.16.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%.The business had revenue of $3.10 billion during the quarter. On average, equities research analysts anticipate that STMicroelectronics N.V. will post 1.25 earnings per share for the current fiscal year.

Institutional Trading of STMicroelectronics

Several large investors have recently modified their holdings of the business. Maxi Investments CY Ltd acquired a new stake in STMicroelectronics during the 4th quarter valued at $2,335,000. M&T Bank Corp boosted its position in STMicroelectronics by 243.1% during the fourth quarter. M&T Bank Corp now owns 33,299 shares of the semiconductor producer’s stock worth $864,000 after acquiring an additional 23,593 shares during the last quarter. Diversified Management Inc. purchased a new stake in STMicroelectronics in the 4th quarter valued at about $648,000. Analog Century Management LP boosted its holdings in shares of STMicroelectronics by 27.4% in the 3rd quarter. Analog Century Management LP now owns 2,780,953 shares of the semiconductor producer’s stock valued at $78,590,000 after purchasing an additional 598,550 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its position in STMicroelectronics by 305.1% during the fourth quarter. Evergreen Capital Management LLC now owns 66,477 shares of the semiconductor producer’s stock valued at $1,724,000 after acquiring an additional 50,065 shares during the period. 5.05% of the stock is currently owned by institutional investors and hedge funds.

About STMicroelectronics

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.