STMicroelectronics (NYSE:STM) Shares Down 9.8% – What’s Next?

STMicroelectronics N.V. (NYSE:STM) was down 9.8% during mid-day trading on Friday . The stock traded as low as $69.42 and last traded at $70.6870. Approximately 19,924,392 shares were traded during trading, an increase of 100% from the average daily volume of 9,946,396 shares. The stock had previously closed at $78.36.

Wall Street Analyst Weigh In

Several analysts have issued reports on STM shares. Robert W. Baird set a $90.00 price target on shares of STMicroelectronics in a research report on Friday, April 24th. Citigroup restated a “buy” rating on shares of STMicroelectronics in a research report on Sunday, April 26th. Craig Hallum upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Thursday, April 23rd. Weiss Ratings upgraded shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a research report on Friday, May 15th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $57.81.

STMicroelectronics Trading Down 9.8%

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 stock’s fifty day moving average price is $52.28 and its two-hundred day moving average price is $37.06. The company has a market capitalization of $63.49 billion, a PE ratio of 441.82 and a beta of 1.94.

STMicroelectronics (NYSE:STM) last posted its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share 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%. Sell-side analysts anticipate that STMicroelectronics N.V. will post 1.17 earnings per share for the current year.

STMicroelectronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd will be issued a dividend of $0.09 per share. 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 is currently 187.50%.

Institutional Trading of STMicroelectronics

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its holdings in STMicroelectronics by 47.5% in the first quarter. Parallel Advisors LLC now owns 7,454 shares of the semiconductor producer’s stock worth $258,000 after buying an additional 2,399 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in STMicroelectronics by 82.3% in the first quarter. EverSource Wealth Advisors LLC now owns 5,293 shares of the semiconductor producer’s stock worth $183,000 after buying an additional 2,390 shares during the period. Empowered Funds LLC lifted its holdings in STMicroelectronics by 5.6% in the first quarter. Empowered Funds LLC now owns 26,157 shares of the semiconductor producer’s stock worth $904,000 after buying an additional 1,394 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in STMicroelectronics in the first quarter worth about $19,132,000. Finally, Quantinno Capital Management LP lifted its holdings in STMicroelectronics by 29.9% in the first quarter. Quantinno Capital Management LP now owns 277,370 shares of the semiconductor producer’s stock worth $9,583,000 after buying an additional 63,786 shares during the period. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

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.