STMicroelectronics (NYSE:STM) Stock Price Down 1.1% – Should You Sell?

STMicroelectronics N.V. (NYSE:STM)’s stock price dropped 1.1% on Wednesday . The company traded as low as $69.57 and last traded at $71.6480. 7,205,416 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 10,357,478 shares. The stock had previously closed at $72.43.

Wall Street Analyst Weigh In

STM has been the topic of several analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of STMicroelectronics in a report on Thursday, May 28th. TD Cowen restated a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. UBS Group set a $100.00 price objective on STMicroelectronics in a report on Wednesday, June 10th. Craig Hallum upgraded STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Thursday, April 23rd. Finally, Robert W. Baird set a $90.00 target price on STMicroelectronics in a research note on Friday, April 24th. Eleven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.39.

STMicroelectronics Price Performance

The stock has a market cap of $64.35 billion, a price-to-earnings ratio of 447.83 and a beta of 1.94. The company’s 50 day moving average is $62.79 and its 200 day moving average is $41.88. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34.

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

STMicroelectronics Dividend Announcement

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

Hedge Funds Weigh In On STMicroelectronics

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Amundi acquired a new stake in STMicroelectronics in the first quarter valued at $947,000. AQR Capital Management LLC raised its stake in shares of STMicroelectronics by 182.8% during the 1st quarter. AQR Capital Management LLC now owns 32,094 shares of the semiconductor producer’s stock worth $705,000 after buying an additional 20,745 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of STMicroelectronics in the 2nd quarter worth about $119,000. M&T Bank Corp acquired a new stake in STMicroelectronics in the 2nd quarter valued at about $303,000. Finally, EverSource Wealth Advisors LLC grew its stake in STMicroelectronics by 79.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,883 shares of the semiconductor producer’s stock valued at $148,000 after acquiring an additional 2,156 shares during the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.

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.