STMicroelectronics (NYSE:STM) Shares Down 1.6% – Should You Sell?

STMicroelectronics N.V. (NYSE:STM)’s stock price dropped 1.6% during mid-day trading on Wednesday . The company traded as low as $73.28 and last traded at $73.3640. Approximately 11,329,918 shares traded hands during trading, an increase of 10% from the average daily volume of 10,289,285 shares. The stock had previously closed at $74.55.

Wall Street Analyst Weigh In

STM has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a research note on Thursday, June 11th. Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a research note on Friday, April 24th. Mizuho increased their target price on shares of STMicroelectronics from $68.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Susquehanna increased their target price on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a research note on Monday, February 23rd. 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.39.

STMicroelectronics Stock Down 1.6%

The firm has a 50 day simple moving average of $58.89 and a two-hundred day simple moving average of $40.02. The company has a market capitalization of $65.89 billion, a PE ratio of 458.55 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.

STMicroelectronics (NYSE:STM) last announced its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%.The company had revenue of $3.10 billion for the quarter. Research analysts expect that STMicroelectronics N.V. will post 1.17 EPS for the current year.

STMicroelectronics Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of STM. Abound Wealth Management purchased a new stake in shares of STMicroelectronics in the fourth quarter valued at approximately $26,000. CIBC Private Wealth Group LLC boosted its stake 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 buying an additional 974 shares in the last quarter. Portus Wealth Advisors LLC purchased a new stake in shares of STMicroelectronics in the first quarter valued at approximately $32,000. Public Employees Retirement System of Ohio purchased a new stake in shares of STMicroelectronics in the first quarter valued at approximately $45,000. Finally, Advisory Services Network LLC purchased a new stake in shares of STMicroelectronics in the third quarter valued at approximately $52,000. 5.05% of the stock is currently 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.