STMicroelectronics (NYSE:STM) Stock Price Down 4.7% – Time to Sell?

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on STM shares. Susquehanna lifted their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research note on Monday, February 23rd. TD Cowen reaffirmed a “hold” rating on shares of STMicroelectronics in a research note on Friday, April 24th. Mizuho set a $48.00 price target on shares of STMicroelectronics and gave the company an “outperform” rating in a research note on Thursday, April 16th. Craig Hallum raised shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Thursday, April 23rd. Finally, Morgan Stanley raised shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research note on Thursday, March 26th. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, STMicroelectronics presently has an average rating of “Moderate Buy” and a consensus target price of $49.07.

STMicroelectronics Stock Down 4.7%

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 capitalization of $55.11 billion, a price-to-earnings ratio of 383.52 and a beta of 1.89. The stock’s fifty day moving average price is $42.04 and its 200-day moving average price is $32.54.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data 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 company had revenue of $3.10 billion for the quarter. On average, sell-side analysts predict that STMicroelectronics N.V. will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of STMicroelectronics

Hedge funds and other institutional investors have recently made changes to their positions in the business. Abound Wealth Management acquired a new stake in shares of STMicroelectronics in the fourth quarter valued at approximately $26,000. CIBC Private Wealth Group LLC raised its holdings in shares of STMicroelectronics by 3,746.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock valued at $26,000 after purchasing an additional 974 shares during the last quarter. Portus Wealth Advisors LLC acquired a new stake in shares of STMicroelectronics in the first quarter valued at approximately $32,000. Peterson Wealth Services increased its holdings in STMicroelectronics by 3,086.5% during the third quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock worth $33,000 after buying an additional 1,142 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in STMicroelectronics during the first quarter worth $45,000. 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.