STMicroelectronics (NYSE:STM) Sets New 52-Week Low - Time to Sell?

STMicroelectronics (NYSE:STM - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $21.97 and last traded at $22.74, with a volume of 6720699 shares traded. The stock had previously closed at $22.98.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STM. Susquehanna reduced their price objective on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating for the company in a research report on Friday, January 31st. Barclays lowered shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of STMicroelectronics in a research report on Friday, April 25th. Jefferies Financial Group raised STMicroelectronics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, Dbs Bank cut STMicroelectronics from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, STMicroelectronics currently has a consensus rating of "Hold" and an average target price of $30.97.

STMicroelectronics Stock Down 1.2 %

The firm has a market cap of $20.38 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.16 and a beta of 1.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. The business's 50-day moving average is $22.58 and its 200-day moving average is $24.47.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. On average, equities analysts predict that STMicroelectronics will post 0.85 EPS for the current year.

Institutional Trading of STMicroelectronics

Hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new position in STMicroelectronics in the 3rd quarter valued at $186,000. GAMMA Investing LLC boosted its holdings in STMicroelectronics by 81.4% in the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock valued at $30,000 after acquiring an additional 531 shares during the last quarter. Diversified Trust Co acquired a new stake in STMicroelectronics in the fourth quarter worth about $583,000. Grandview Asset Management LLC acquired a new stake in STMicroelectronics in the fourth quarter worth about $696,000. Finally, J2 Capital Management Inc acquired a new position in STMicroelectronics during the 4th quarter valued at about $295,000. 5.05% of the stock is owned by institutional investors.

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.