STMicroelectronics (NYSE:STM) Stock Price Down 4.7% – Should You Sell?

STMicroelectronics N.V. (NYSE:STM) fell 4.7% during trading on Friday . The company traded as low as $59.94 and last traded at $61.36. 9,374,006 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 9,525,603 shares. The stock had previously closed at $64.38.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Morgan Stanley raised shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research report on Thursday, March 26th. Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a report on Friday. Weiss Ratings downgraded shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, Susquehanna upped their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a report on Monday, February 23rd. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, STMicroelectronics has an average rating of “Moderate Buy” and an average price target of $49.07.

STMicroelectronics Price Performance

The company has a market capitalization of $55.11 billion, a price-to-earnings ratio of 383.52 and a beta of 1.89. The stock has a fifty day simple moving average of $41.48 and a 200-day simple moving average of $32.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data 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 net margin of 1.19% and a return on equity of 3.01%. On average, equities research analysts anticipate that STMicroelectronics N.V. will post 1.09 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STM. Waverly Advisors LLC acquired a new position in shares of STMicroelectronics in the first quarter worth about $272,000. Bridgewater Advisors Inc. purchased a new stake in shares of STMicroelectronics during the 1st quarter worth about $185,000. Beaconlight Capital LLC acquired a new stake in shares of STMicroelectronics during the 1st quarter valued at about $13,284,000. Public Employees Retirement System of Ohio acquired a new stake in shares of STMicroelectronics during the 1st quarter valued at about $45,000. Finally, Compound Planning Inc. purchased a new position in shares of STMicroelectronics in the 1st quarter valued at about $263,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Company Profile

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.