STMicroelectronics (NYSE:STM) Reaches New 12-Month Low – Should You Sell?

Shares of STMicroelectronics (NYSE:STM) reached a new 52-week low on Tuesday . The stock traded as low as $24.33 and last traded at $24.56, with a volume of 489579 shares. The stock had previously closed at $24.95.

Analyst Ratings Changes

STM has been the subject of several recent analyst reports. Craig Hallum lowered their price target on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Sanford C. Bernstein cut their price objective on shares of STMicroelectronics from $54.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Susquehanna lowered their target price on STMicroelectronics from $35.00 to $33.00 and set a “positive” rating for the company in a report on Friday, November 1st. StockNews.com cut STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Finally, Robert W. Baird decreased their price objective on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.63.

STMicroelectronics Stock Performance

The company has a quick ratio of 2.16, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. The stock’s fifty day moving average is $27.61 and its two-hundred day moving average is $34.06. The firm has a market capitalization of $22.14 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 2.98 and a beta of 1.57.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same period in the prior year, the firm earned $1.16 EPS. STMicroelectronics’s quarterly revenue was down 26.6% compared to the same quarter last year. On average, analysts predict that STMicroelectronics will post 1.64 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in STM. Van ECK Associates Corp boosted its position in STMicroelectronics by 26.5% during the third quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer’s stock worth $228,655,000 after purchasing an additional 1,719,257 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of STMicroelectronics by 177.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,311,888 shares of the semiconductor producer’s stock worth $90,806,000 after buying an additional 1,478,213 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of STMicroelectronics by 674.2% during the 3rd quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock worth $41,524,000 after buying an additional 1,216,300 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of STMicroelectronics by 1,564,831.9% during the 1st quarter. Lazard Asset Management LLC now owns 1,079,803 shares of the semiconductor producer’s stock worth $46,690,000 after buying an additional 1,079,734 shares during the period. Finally, Federated Hermes Inc. grew its stake in STMicroelectronics by 128.1% in the 2nd quarter. Federated Hermes Inc. now owns 648,403 shares of the semiconductor producer’s stock valued at $25,469,000 after buying an additional 364,184 shares during the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.

About STMicroelectronics

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.