STMicroelectronics (NYSE:STM) Trading Down 2.2% – Here’s Why

STMicroelectronics N.V. (NYSE:STM) shares dropped 2.2% on Tuesday . The stock traded as low as $67.73 and last traded at $73.3540. Approximately 24,081,094 shares were traded during trading, an increase of 138% from the average daily volume of 10,110,138 shares. The stock had previously closed at $75.01.

Wall Street Analyst Weigh In

STM has been the subject of several research analyst reports. Robert W. Baird set a $90.00 price target on shares of STMicroelectronics in a research report on Friday, April 24th. Susquehanna upped their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a research report on Monday, February 23rd. TD Cowen restated a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. UBS Group set a $100.00 price target on shares of STMicroelectronics in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a research report on Thursday. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, STMicroelectronics has an average rating of “Moderate Buy” and an average target price of $64.39.

STMicroelectronics Stock Performance

The company has a market cap of $70.20 billion, a price-to-earnings ratio of 488.52 and a beta of 1.94. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $55.47 and its 200 day simple moving average is $38.47.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 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 during the quarter. As a group, analysts anticipate that STMicroelectronics N.V. will post 1.17 earnings per share for the current year.

STMicroelectronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, September 22nd. STMicroelectronics’s dividend payout ratio (DPR) is presently 187.50%.

Hedge Funds Weigh In On STMicroelectronics

Several institutional investors and hedge funds have recently bought and sold shares of the company. Midwest Trust Co raised its position in STMicroelectronics by 0.8% in the 1st quarter. Midwest Trust Co now owns 54,447 shares of the semiconductor producer’s stock valued at $1,881,000 after purchasing an additional 406 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in STMicroelectronics by 5.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,062 shares of the semiconductor producer’s stock valued at $348,000 after purchasing an additional 479 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of STMicroelectronics by 5.0% in the 1st quarter. Inspire Investing LLC now owns 10,261 shares of the semiconductor producer’s stock valued at $355,000 after purchasing an additional 488 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of STMicroelectronics by 13.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,405 shares of the semiconductor producer’s stock valued at $115,000 after purchasing an additional 509 shares in the last quarter. Finally, Earnest Partners LLC raised its holdings in shares of STMicroelectronics by 3.2% in the 4th quarter. Earnest Partners LLC now owns 17,282 shares of the semiconductor producer’s stock valued at $448,000 after purchasing an additional 534 shares in the last quarter. 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.