STMicroelectronics (NYSE:STM) Shares Down 5.6% – Time to Sell?

STMicroelectronics N.V. (NYSE:STM) shares traded down 5.6% during trading on Wednesday . The stock traded as low as $69.79 and last traded at $70.7310. 14,280,845 shares changed hands during mid-day trading, an increase of 38% from the average session volume of 10,382,824 shares. The stock had previously closed at $74.89.

Wall Street Analyst Weigh In

STM has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of STMicroelectronics in a research note on Thursday, June 11th. Citigroup reissued a “buy” rating on shares of STMicroelectronics in a research note on Sunday, April 26th. Morgan Stanley restated an “overweight” rating on shares of STMicroelectronics in a report on Tuesday. Finally, UBS Group set a $100.00 target price on STMicroelectronics in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, STMicroelectronics currently has an average rating of “Moderate Buy” and a consensus target price of $64.39.

STMicroelectronics Trading Down 5.6%

The stock has a market capitalization of $63.53 billion, a P/E ratio of 442.10 and a beta of 1.94. The stock’s 50 day moving average price is $65.98 and its 200-day moving average price is $43.55. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. The company 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%. As a group, equities research analysts expect that STMicroelectronics N.V. will post 1.17 earnings per share for the current year.

Institutional Investors Weigh In On STMicroelectronics

A number of hedge funds have recently made changes to their positions in STM. Van ECK Associates Corp boosted its position in STMicroelectronics by 12.2% during the fourth quarter. Van ECK Associates Corp now owns 10,532,428 shares of the semiconductor producer’s stock valued at $273,211,000 after purchasing an additional 1,145,426 shares in the last quarter. Morgan Stanley raised its holdings in STMicroelectronics by 40.6% in the fourth quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock worth $159,691,000 after purchasing an additional 1,778,113 shares in the last quarter. Invesco Ltd. lifted its position in shares of STMicroelectronics by 29.9% during the fourth quarter. Invesco Ltd. now owns 5,199,951 shares of the semiconductor producer’s stock valued at $134,887,000 after buying an additional 1,196,018 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of STMicroelectronics by 43.9% in the 2nd quarter. Bank of America Corp DE now owns 4,348,569 shares of the semiconductor producer’s stock valued at $132,240,000 after buying an additional 1,326,020 shares in the last quarter. Finally, FIL Ltd boosted its holdings in shares of STMicroelectronics by 5.0% in the 4th quarter. FIL Ltd now owns 3,107,386 shares of the semiconductor producer’s stock valued at $80,606,000 after buying an additional 146,676 shares in the last quarter. 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.