STMicroelectronics (NYSE:STM) Shares Gap Down – What’s Next?

STMicroelectronics N.V. (NYSE:STM)’s share price gapped down before the market opened on Friday . The stock had previously closed at $78.36, but opened at $73.68. STMicroelectronics shares last traded at $73.2060, with a volume of 2,831,648 shares changing hands.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. TD Cowen reissued a “hold” rating on shares of STMicroelectronics in a research note on Friday, April 24th. Bank of America boosted their target price on shares of STMicroelectronics from $73.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday. Mizuho boosted their target price on shares of STMicroelectronics from $68.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Robert W. Baird set a $90.00 target price on shares of STMicroelectronics in a research note on Friday, April 24th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, STMicroelectronics has a consensus rating of “Moderate Buy” and a consensus target price of $57.81.

STMicroelectronics Trading Down 7.3%

The business’s 50 day moving average price is $52.28 and its two-hundred day moving average price is $37.06. The company has a market capitalization of $65.27 billion, a price-to-earnings ratio of 454.40 and a beta of 1.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.34 and a current ratio of 3.31.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. The company had revenue of $3.10 billion during the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. Equities analysts forecast that STMicroelectronics N.V. will post 1.17 earnings per share for the current fiscal year.

STMicroelectronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, September 22nd. STMicroelectronics’s payout ratio is presently 187.50%.

Institutional Trading of STMicroelectronics

A number of hedge funds and other institutional investors have recently made changes to their positions in STM. ABC Arbitrage SA raised its holdings in shares of STMicroelectronics by 378.6% during the third quarter. ABC Arbitrage SA now owns 620,238 shares of the semiconductor producer’s stock valued at $17,528,000 after acquiring an additional 490,652 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of STMicroelectronics by 19.1% during the third quarter. JPMorgan Chase & Co. now owns 3,990,874 shares of the semiconductor producer’s stock valued at $112,782,000 after acquiring an additional 641,327 shares during the period. Ingalls & Snyder LLC raised its holdings in shares of STMicroelectronics by 38.1% during the third quarter. Ingalls & Snyder LLC now owns 337,427 shares of the semiconductor producer’s stock valued at $9,536,000 after acquiring an additional 93,111 shares during the period. Maxi Investments CY Ltd acquired a new stake in shares of STMicroelectronics during the fourth quarter valued at approximately $2,335,000. Finally, M&T Bank Corp raised its holdings in shares of STMicroelectronics by 243.1% during the fourth quarter. M&T Bank Corp now owns 33,299 shares of the semiconductor producer’s stock valued at $864,000 after acquiring an additional 23,593 shares during the period. 5.05% of the stock is currently owned by institutional investors.

STMicroelectronics Company Profile

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.