STMicroelectronics (NYSE:STM) Shares Down 9.8% – What’s Next?

STMicroelectronics N.V. (NYSE:STM)’s share price fell 9.8% on Friday . The stock traded as low as $69.42 and last traded at $70.6870. 19,924,392 shares traded hands during mid-day trading, an increase of 100% from the average session volume of 9,946,396 shares. The stock had previously closed at $78.36.

Analyst Ratings Changes

Several research firms have recently weighed in on STM. Bank of America upped their price target on shares of STMicroelectronics from $73.00 to $83.00 and gave the stock a “neutral” rating in a report on Tuesday. Robert W. Baird set a $90.00 price target on shares of STMicroelectronics in a report on Friday, April 24th. TD Cowen reaffirmed a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. Mizuho upped 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. Finally, Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $57.81.

STMicroelectronics Trading Down 9.8%

The firm has a market cap of $63.49 billion, a P/E ratio of 441.82 and a beta of 1.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34. The stock has a 50 day moving average of $52.28 and a 200 day moving average of $37.06.

STMicroelectronics (NYSE:STM) last released its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. The business had revenue of $3.10 billion for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%. As a group, equities research analysts predict that STMicroelectronics N.V. will post 1.17 EPS for the current year.

STMicroelectronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 22nd. STMicroelectronics’s dividend payout ratio is currently 187.50%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in STM. Portus Wealth Advisors LLC purchased a new stake in STMicroelectronics during the first quarter valued at about $32,000. CIBC Private Wealth Group LLC boosted its position in STMicroelectronics by 3,746.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock valued at $26,000 after buying an additional 974 shares during the period. Abound Wealth Management purchased a new stake in STMicroelectronics during the fourth quarter valued at about $26,000. Public Employees Retirement System of Ohio purchased a new stake in STMicroelectronics during the first quarter valued at about $45,000. Finally, Advisory Services Network LLC purchased a new stake in STMicroelectronics during the third quarter valued at about $52,000. Institutional investors own 5.05% of the company’s stock.

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.