STMicroelectronics (NYSE:STM) Reaches New 1-Year Low – What’s Next?

STMicroelectronics (NYSE:STM)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $22.70 and last traded at $22.63, with a volume of 310892 shares trading hands. The stock had previously closed at $24.74.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on STM shares. Barclays lowered shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd. Citigroup raised STMicroelectronics to a “strong-buy” rating in a research report on Thursday, October 10th. Susquehanna decreased their price target on shares of STMicroelectronics from $33.00 to $28.00 and set a “positive” rating for the company in a research note on Friday. Robert W. Baird lowered their price objective on shares of STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, BNP Paribas started coverage on shares of STMicroelectronics in a report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, STMicroelectronics currently has a consensus rating of “Hold” and a consensus target price of $33.40.

STMicroelectronics Price Performance

The stock has a market cap of $20.24 billion, a P/E ratio of 9.22, a P/E/G ratio of 4.36 and a beta of 1.52. The business has a 50 day simple moving average of $25.29 and a 200-day simple moving average of $28.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.16 and a current ratio of 2.84.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. On average, sell-side analysts forecast that STMicroelectronics will post 1.64 EPS for the current year.

STMicroelectronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.61%. The ex-dividend date is Tuesday, March 25th. STMicroelectronics’s dividend payout ratio (DPR) is 12.76%.

Institutional Investors Weigh In On STMicroelectronics

Several institutional investors have recently added to or reduced their stakes in the business. Truvestments Capital LLC purchased a new stake in STMicroelectronics in the third quarter valued at approximately $25,000. Archer Investment Corp purchased a new position in STMicroelectronics in the third quarter worth $30,000. Waldron Private Wealth LLC bought a new position in shares of STMicroelectronics during the 3rd quarter valued at about $34,000. GAMMA Investing LLC raised its holdings in shares of STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock valued at $30,000 after buying an additional 531 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in STMicroelectronics in the 4th quarter worth approximately $31,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

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.