STMicroelectronics (NYSE:STM) Stock Price Down 5.6% – What’s Next?

STMicroelectronics N.V. (NYSE:STM) shares traded down 5.6% during mid-day trading on Tuesday . The company traded as low as $74.39 and last traded at $74.5390. 12,623,926 shares traded hands during mid-day trading, an increase of 23% from the average session volume of 10,259,685 shares. The stock had previously closed at $78.95.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Craig Hallum upgraded STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Thursday, April 23rd. Weiss Ratings raised STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Robert W. Baird set a $90.00 price target on STMicroelectronics in a report on Friday, April 24th. Bank of America raised STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Wednesday, June 10th. Finally, Susquehanna lifted their target price on STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, February 23rd. Eleven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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 cap of $66.95 billion, a price-to-earnings ratio of 465.90 and a beta of 1.94. The stock has a fifty day moving average of $58.09 and a 200 day moving average of $39.65.

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

STMicroelectronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. STMicroelectronics’s payout ratio is presently 193.75%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of STM. Amundi acquired a new position in STMicroelectronics in the first quarter valued at approximately $947,000. AQR Capital Management LLC lifted its holdings in STMicroelectronics by 182.8% in the first quarter. AQR Capital Management LLC now owns 32,094 shares of the semiconductor producer’s stock valued at $705,000 after acquiring an additional 20,745 shares during the period. Legal & General Group Plc acquired a new position in STMicroelectronics in the second quarter valued at approximately $119,000. M&T Bank Corp acquired a new position in STMicroelectronics in the second quarter valued at approximately $303,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of STMicroelectronics by 79.1% in the second quarter. EverSource Wealth Advisors LLC now owns 4,883 shares of the semiconductor producer’s stock valued at $148,000 after buying an additional 2,156 shares in the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.

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.