STMicroelectronics (NYSE:STM) Shares Down 3.5% – Should You Sell?

STMicroelectronics N.V. (NYSE:STM)’s stock price dropped 3.5% during mid-day trading on Thursday . The stock traded as low as $55.20 and last traded at $55.9450. Approximately 10,683,140 shares were traded during mid-day trading, an increase of 14% from the average daily volume of 9,348,265 shares. The stock had previously closed at $57.95.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Susquehanna raised their price objective on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, February 23rd. Craig Hallum raised shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Thursday, April 23rd. Mizuho set a $48.00 price objective on shares of STMicroelectronics and gave the stock an “outperform” rating in a report on Thursday, April 16th. Finally, TD Cowen reaffirmed a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.07.

STMicroelectronics Trading Down 3.5%

The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12. The firm has a market cap of $50.25 billion, a price-to-earnings ratio of 349.68 and a beta of 1.89. The business’s fifty day moving average is $38.29 and its two-hundred day moving average is $30.98.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. The business 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%. Equities analysts anticipate that STMicroelectronics N.V. will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of STMicroelectronics

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Midwest Trust Co increased its holdings in shares of STMicroelectronics by 0.8% in the first 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 increased its holdings in shares of STMicroelectronics by 5.0% in the first 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 increased its holdings in shares of STMicroelectronics by 5.0% in the first 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 increased its holdings in shares of STMicroelectronics by 13.1% in the fourth 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 increased its holdings in shares of STMicroelectronics by 3.2% in the fourth 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. Institutional investors and hedge funds own 5.05% of the company’s stock.

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.