STMicroelectronics (NYSE:STM) Sets New 52-Week Low – Should You Sell?

STMicroelectronics (NYSE:STM)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $21.28 and last traded at $21.59, with a volume of 1702223 shares changing hands. The stock had previously closed at $21.96.

Analyst Ratings Changes

Several equities research analysts have weighed in on STM shares. Bank of America lowered STMicroelectronics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. Jefferies Financial Group raised STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of STMicroelectronics in a research note on Monday, December 9th. TD Cowen downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating and dropped their target price for the stock from $32.00 to $25.00 in a research report on Monday, January 13th. Finally, Sanford C. Bernstein lowered STMicroelectronics from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $33.00 to $26.00 in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, STMicroelectronics currently has a consensus rating of “Hold” and an average target price of $31.26.

STMicroelectronics Trading Up 0.6 %

The stock has a market capitalization of $19.69 billion, a P/E ratio of 13.20, a P/E/G ratio of 1.16 and a beta of 1.56. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $24.34 and a two-hundred day moving average price of $25.76.

STMicroelectronics (NYSE:STM) last posted its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. On average, analysts expect that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On STMicroelectronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in STM. GAMMA Investing LLC increased its stake in shares of STMicroelectronics by 81.4% in the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock worth $30,000 after purchasing an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in STMicroelectronics during the fourth quarter worth about $31,000. Smartleaf Asset Management LLC grew its position in STMicroelectronics by 225.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock valued at $33,000 after acquiring an additional 921 shares during the last quarter. Rakuten Securities Inc. raised its position in STMicroelectronics by 197.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer’s stock worth $44,000 after purchasing an additional 1,180 shares during the period. Finally, TD Private Client Wealth LLC increased its holdings in shares of STMicroelectronics by 108.3% in the third quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock worth $46,000 after buying an additional 809 shares during the period. Hedge funds and other institutional investors own 5.05% of the company’s stock.

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.