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

STMicroelectronics N.V. (NYSE:STM) shares were down 1.1% on Friday . The company traded as low as $76.31 and last traded at $77.2940. Approximately 11,251,635 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 10,252,589 shares. The stock had previously closed at $78.12.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on STM shares. UBS Group set a $100.00 target price on shares of STMicroelectronics in a research note on Wednesday. Susquehanna raised their target price on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of STMicroelectronics in a research note on Thursday. Bank of America raised shares of STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Wednesday. Finally, Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a research note on Sunday, April 26th. Eleven equities research 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. Based on data from MarketBeat, STMicroelectronics presently has an average rating of “Moderate Buy” and an average price target of $64.39.

STMicroelectronics Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34. The stock has a market capitalization of $69.42 billion, a PE ratio of 483.12 and a beta of 1.94. The firm’s 50 day simple moving average is $57.20 and its 200 day simple moving average is $39.14.

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

STMicroelectronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd will be issued a $0.09 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a $0.36 annualized dividend and a dividend yield of 0.5%. STMicroelectronics’s dividend payout ratio (DPR) is currently 193.75%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Militia Capital Management LLC bought a new position in shares of STMicroelectronics in the first quarter worth approximately $3,455,000. Parallel Advisors LLC grew its holdings in shares of STMicroelectronics by 47.5% in the first quarter. Parallel Advisors LLC now owns 7,454 shares of the semiconductor producer’s stock worth $258,000 after purchasing an additional 2,399 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of STMicroelectronics by 82.3% in the first quarter. EverSource Wealth Advisors LLC now owns 5,293 shares of the semiconductor producer’s stock worth $183,000 after purchasing an additional 2,390 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of STMicroelectronics by 5.6% in the first quarter. Empowered Funds LLC now owns 26,157 shares of the semiconductor producer’s stock worth $904,000 after purchasing an additional 1,394 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in STMicroelectronics in the first quarter valued at $19,132,000. Institutional investors 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.