STMicroelectronics (NYSE:STM) Trading Down 9.2% – Time to Sell?

Shares of STMicroelectronics N.V. (NYSE:STM) fell 9.2% during trading on Tuesday . The stock traded as low as $71.68 and last traded at $72.54. 14,115,969 shares changed hands during trading, an increase of 36% from the average session volume of 10,359,346 shares. The stock had previously closed at $79.91.

Analyst Ratings Changes

A number of equities research analysts have issued reports on STM shares. Morgan Stanley reiterated an “overweight” rating on shares of STMicroelectronics in a research note on Thursday, May 28th. Susquehanna lifted their target price on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research note on Monday, February 23rd. Weiss Ratings upgraded STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. TD Cowen reaffirmed a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. Finally, Mizuho lifted their price objective on shares of STMicroelectronics from $68.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $64.39.

STMicroelectronics Stock Performance

The company has a market capitalization of $65.15 billion, a P/E ratio of 453.40 and a beta of 1.94. The business has a 50 day moving average of $62.13 and a 200 day moving average of $41.55. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data 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 for the quarter. On average, sell-side analysts predict that STMicroelectronics N.V. will post 1.17 earnings per share for the current year.

STMicroelectronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. STMicroelectronics’s dividend payout ratio (DPR) is 193.75%.

Institutional Trading of STMicroelectronics

Hedge funds have recently modified their holdings of the company. Abound Wealth Management bought a new position in shares of STMicroelectronics during the 4th quarter worth approximately $26,000. CIBC Private Wealth Group LLC boosted its stake in 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 acquiring an additional 974 shares in the last quarter. Portus Wealth Advisors LLC acquired a new stake in STMicroelectronics in the first quarter valued at approximately $32,000. Public Employees Retirement System of Ohio purchased a new position in STMicroelectronics in the first quarter worth $45,000. Finally, Advisory Services Network LLC purchased a new position in STMicroelectronics in the third quarter worth $52,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

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.