STMicroelectronics (NYSE:STM) Trading Down 1% - Here's What Happened

Key Points

• Shares traded down about 1% on Monday, falling to as low as $54.61 and last at $55.17, with roughly 11.0 million shares changing hands (volume up ~19% vs. average).
• Analysts carry a consensus Moderate Buy rating (10 Buys, 2 Holds, 1 Sell) with a consensus price target of $49.07, though individual targets vary widely (e.g., Robert W. Baird $90, Susquehanna $40).
• Company fundamentals show a market cap of about $49.6B and a high valuation (P/E ~344.8); most recent quarter reported EPS $0.13 on $3.10B revenue with a net margin of 1.19% and a strong current ratio of 3.31.

STMicroelectronics N.V. (NYSE:STM - Get Free Report)'s share price traded down 1% on Monday . The company traded as low as $54.61 and last traded at $55.17. 11,018,710 shares were traded during trading, an increase of 19% from the average session volume of 9,281,651 shares. The stock had previously closed at $55.75.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Weiss Ratings upgraded STMicroelectronics from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, April 24th. Susquehanna upped their price objective on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a "positive" rating in a research report on Monday, February 23rd. Robert W. Baird set a $90.00 price target on shares of STMicroelectronics in a research report on Friday, April 24th. Mizuho set a $48.00 price target on shares of STMicroelectronics and gave the stock an "outperform" rating in a research note on Thursday, April 16th. Finally, Citigroup restated a "buy" rating on shares of STMicroelectronics in a research note on Sunday, April 26th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.07.

STMicroelectronics Stock Down 1.0%

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's fifty day simple moving average is $37.34 and its 200-day simple moving average is $30.58. The stock has a market cap of $49.55 billion, a P/E ratio of 344.83 and a beta of 1.89.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $3.10 billion for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. On average, research analysts anticipate that STMicroelectronics N.V. will post 1.09 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Abound Wealth Management acquired a new position in shares of STMicroelectronics during the fourth quarter valued at approximately $26,000. CIBC Private Wealth Group LLC grew its position in STMicroelectronics by 3,746.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer's stock worth $26,000 after buying an additional 974 shares during the last quarter. Portus Wealth Advisors LLC acquired a new position in STMicroelectronics in the 1st quarter worth approximately $32,000. Peterson Wealth Services boosted its stake in STMicroelectronics by 3,086.5% in the 3rd quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer's stock worth $33,000 after purchasing an additional 1,142 shares during the period. Finally, Advisory Services Network LLC acquired a new position in STMicroelectronics in the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.