STMicroelectronics (NYSE:STM) Stock Price Down 3.2% – Time to Sell?

STMicroelectronics (NYSE:STM)’s share price was down 3.2% during mid-day trading on Thursday . The stock traded as low as $24.64 and last traded at $24.66. 584,236 shares changed hands during trading, a decline of 88% from the average daily volume of 4,769,320 shares. The stock had previously closed at $25.48.

Analyst Upgrades and Downgrades

STM has been the subject of a number of recent research reports. TD Cowen downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $32.00 to $25.00 in a research note on Monday, January 13th. BNP Paribas assumed coverage on shares of STMicroelectronics in a report on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 target price for the company. Morgan Stanley raised STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research report on Thursday, February 13th. Sanford C. Bernstein downgraded shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $33.00 to $26.00 in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.26.

STMicroelectronics Trading Down 3.7 %

The company has a market capitalization of $22.03 billion, a PE ratio of 14.75, a PEG ratio of 1.16 and a beta of 1.56. The company has a fifty day simple moving average of $24.72 and a 200-day simple moving average of $26.18. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11.

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

Hedge Funds Weigh In On STMicroelectronics

A number of institutional investors and hedge funds have recently modified their holdings of the company. Clear Creek Financial Management LLC acquired a new position in shares of STMicroelectronics in the fourth quarter valued at approximately $468,000. Point72 Asset Management L.P. acquired a new stake in shares of STMicroelectronics during the 3rd quarter worth about $1,924,000. Callan Family Office LLC purchased a new position in shares of STMicroelectronics during the 4th quarter worth $486,000. Schechter Investment Advisors LLC acquired a new position in shares of STMicroelectronics during the 4th quarter valued at about $758,000. Finally, Diversified Trust Co purchased a new position in shares of STMicroelectronics during the 4th quarter worth about $583,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

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.