STMicroelectronics (NYSE:STM) Shares Gap Down – Should You Sell?

Shares of STMicroelectronics (NYSE:STM) gapped down before the market opened on Thursday . The stock had previously closed at $24.59, but opened at $24.02. STMicroelectronics shares last traded at $24.17, with a volume of 456,943 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on STM. Susquehanna lowered their price objective on shares of STMicroelectronics from $33.00 to $28.00 and set a “positive” rating for the company in a research report on Friday, January 31st. Bank of America cut shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. BNP Paribas assumed coverage on shares of STMicroelectronics in a research report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 price objective for the company. TD Cowen cut shares of STMicroelectronics from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $32.00 to $25.00 in a research report on Monday, January 13th. Finally, Sanford C. Bernstein cut shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $33.00 to $26.00 in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $31.26.

STMicroelectronics Trading Up 3.9 %

The firm’s 50 day moving average is $24.75 and its 200 day moving average is $26.34. The company has a market cap of $22.45 billion, a PE ratio of 14.97, a PEG ratio of 1.16 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. On average, equities analysts anticipate that STMicroelectronics will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG raised its holdings in STMicroelectronics by 14.5% in the 4th quarter. Deutsche Bank AG now owns 3,682 shares of the semiconductor producer’s stock worth $92,000 after purchasing an additional 466 shares in the last quarter. Stifel Financial Corp grew its position in shares of STMicroelectronics by 0.7% in the 3rd quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer’s stock worth $2,048,000 after buying an additional 493 shares during the period. GAMMA Investing LLC grew its position in shares of STMicroelectronics by 81.4% in the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock worth $30,000 after buying an additional 531 shares during the period. PNC Financial Services Group Inc. grew its position in shares of STMicroelectronics by 4.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,280 shares of the semiconductor producer’s stock worth $307,000 after buying an additional 539 shares during the period. Finally, Moran Wealth Management LLC grew its position in STMicroelectronics by 0.9% during the 3rd quarter. Moran Wealth Management LLC now owns 68,573 shares of the semiconductor producer’s stock valued at $2,039,000 after purchasing an additional 634 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors.

STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.