STMicroelectronics (NYSE:STM) Stock Price Down 4.2% – Time to Sell?

Shares of STMicroelectronics N.V. (NYSE:STM) dropped 4.2% during mid-day trading on Wednesday . The company traded as low as $66.13 and last traded at $67.7320. Approximately 13,370,026 shares changed hands during trading, an increase of 38% from the average daily volume of 9,658,764 shares. The stock had previously closed at $70.69.

Wall Street Analysts Forecast Growth

STM has been the topic of a number of analyst reports. Weiss Ratings lowered shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Susquehanna upped their target price on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, February 23rd. Mizuho upped their target price on shares of STMicroelectronics from $56.00 to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Morgan Stanley upgraded shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a report on Thursday, March 26th. Finally, TD Cowen restated a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $51.93.

STMicroelectronics Stock Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.34 and a current ratio of 3.31. The stock has a market cap of $60.84 billion, a PE ratio of 423.35 and a beta of 1.89. The company’s 50 day simple moving average is $46.56 and its 200 day simple moving average is $34.61.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. The firm had revenue of $3.10 billion during the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. Analysts expect that STMicroelectronics N.V. will post 1.09 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Portus Wealth Advisors LLC bought a new position in shares of STMicroelectronics during the 1st quarter valued at approximately $32,000. CIBC Private Wealth Group LLC boosted its holdings in STMicroelectronics by 3,746.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after buying an additional 974 shares during the period. Abound Wealth Management bought a new position in STMicroelectronics in the 4th quarter worth approximately $26,000. Peterson Wealth Services boosted its holdings in STMicroelectronics by 3,086.5% in the 3rd 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 period. Finally, Public Employees Retirement System of Ohio bought a new position in STMicroelectronics in the 1st quarter worth approximately $45,000. 5.05% of the stock is owned by 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.