STMicroelectronics (NYSE:STM) Trading Down 4.7% – Should You Sell?

Shares of STMicroelectronics N.V. (NYSE:STM) were down 4.7% on Friday . The stock traded as low as $70.69 and last traded at $71.3740. 9,817,675 shares were traded during trading, a decline of 5% from the average session volume of 10,358,528 shares. The stock had previously closed at $74.88.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a research report on Thursday, June 11th. Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Citigroup reiterated a “buy” rating on shares of STMicroelectronics in a research note on Sunday, April 26th. UBS Group set a $100.00 target price on STMicroelectronics in a report on Wednesday, June 10th. Finally, Mizuho raised their target price on STMicroelectronics from $68.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.39.

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 firm’s 50-day moving average price is $64.09 and its two-hundred day moving average price is $42.54. The stock has a market cap of $64.11 billion, a price-to-earnings ratio of 446.12 and a beta of 1.94.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Abound Wealth Management acquired a new stake in STMicroelectronics during the 4th quarter worth approximately $26,000. CIBC Private Wealth Group LLC increased its position in shares of STMicroelectronics by 3,746.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after acquiring an additional 974 shares during the period. Portus Wealth Advisors LLC acquired a new stake in shares of STMicroelectronics in the first quarter valued at $32,000. Public Employees Retirement System of Ohio purchased a new position in STMicroelectronics in the first quarter valued at $45,000. Finally, Advisory Services Network LLC purchased a new position in STMicroelectronics in the third quarter valued at $52,000. Hedge funds and other 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.