STMicroelectronics (NYSE:STM) Trading Down 4.2% – What’s Next?

STMicroelectronics N.V. (NYSE:STM)’s share price traded down 4.2% during trading on Wednesday . The stock traded as low as $66.13 and last traded at $67.7320. 13,370,026 shares were traded during mid-day trading, an increase of 38% from the average session volume of 9,658,764 shares. The stock had previously closed at $70.69.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a research note on Friday, May 15th. Citigroup reiterated a “buy” rating on shares of STMicroelectronics in a research note on Sunday, April 26th. Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Susquehanna boosted their target price on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a report on Monday, February 23rd. Finally, Morgan Stanley reissued an “overweight” rating on shares of STMicroelectronics in a report on Thursday. Ten research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.93.

STMicroelectronics Stock Down 0.4%

The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12. The company has a market cap of $62.16 billion, a PE ratio of 432.55 and a beta of 1.89. The stock has a 50-day moving average of $47.96 and a 200-day moving average of $35.24.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%.The company had revenue of $3.10 billion for the quarter. Sell-side analysts predict that STMicroelectronics N.V. will post 1.09 earnings per share for the current fiscal year.

STMicroelectronics Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in STMicroelectronics by 82.3% during 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 increased its position in shares of STMicroelectronics by 5.6% during the 1st quarter. Empowered Funds LLC now owns 26,157 shares of the semiconductor producer’s stock valued at $904,000 after purchasing an additional 1,394 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of STMicroelectronics during the 1st quarter valued at about $19,132,000. Quantinno Capital Management LP increased its position in shares of STMicroelectronics by 29.9% during the 1st quarter. Quantinno Capital Management LP now owns 277,370 shares of the semiconductor producer’s stock valued at $9,583,000 after purchasing an additional 63,786 shares during the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in shares of STMicroelectronics during the 1st quarter valued at about $2,600,000. Institutional investors own 5.05% of the company’s stock.

About STMicroelectronics

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.