STMicroelectronics (NYSE:STM) Sets New 12-Month Low – Time to Sell?

STMicroelectronics (NYSE:STM)’s share price reached a new 52-week low on Monday . The stock traded as low as $23.80 and last traded at $23.80, with a volume of 89863 shares changing hands. The stock had previously closed at $24.55.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of STMicroelectronics in a research report on Monday, December 9th. Craig Hallum decreased their target price on shares of STMicroelectronics from $42.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. BNP Paribas assumed coverage on shares of STMicroelectronics in a research report on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 target price on the stock. Citigroup upgraded shares of STMicroelectronics to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, TD Cowen lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating and cut their price target for the stock from $32.00 to $25.00 in a report on Monday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $34.11.

STMicroelectronics Price Performance

The business’s 50 day moving average price is $25.62 and its two-hundred day moving average price is $29.70. The stock has a market cap of $21.46 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 3.20 and a beta of 1.52. The company has a current ratio of 2.84, a quick ratio of 2.16 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STM) last announced its earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.27 billion. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. The company’s revenue for the quarter was down 26.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 EPS. As a group, sell-side analysts expect that STMicroelectronics will post 1.64 earnings per share for the current fiscal year.

STMicroelectronics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, March 25th. STMicroelectronics’s payout ratio is 14.81%.

Institutional Investors Weigh In On STMicroelectronics

Several hedge funds have recently bought and sold shares of the business. Inspire Advisors LLC grew its holdings in shares of STMicroelectronics by 2.9% during the second quarter. Inspire Advisors LLC now owns 12,970 shares of the semiconductor producer’s stock valued at $509,000 after buying an additional 363 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of STMicroelectronics by 0.7% during the 3rd quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer’s stock worth $2,048,000 after acquiring an additional 493 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock worth $30,000 after acquiring an additional 531 shares during the last quarter. Moran Wealth Management LLC boosted its stake in shares of STMicroelectronics by 0.9% during the 3rd quarter. Moran Wealth Management LLC now owns 68,573 shares of the semiconductor producer’s stock worth $2,039,000 after acquiring an additional 634 shares during the last quarter. Finally, Ballentine Partners LLC boosted its stake in shares of STMicroelectronics by 7.7% during the 3rd quarter. Ballentine Partners LLC now owns 10,278 shares of the semiconductor producer’s stock worth $306,000 after acquiring an additional 733 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.