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

Shares of STMicroelectronics (NYSE:STM) reached 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 traded. The stock had previously closed at $21.96.

Analyst Ratings Changes

STM has been the topic of a number of analyst reports. Morgan Stanley raised STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research report on Thursday, February 13th. Susquehanna decreased their target price on shares of STMicroelectronics from $33.00 to $28.00 and set a “positive” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of STMicroelectronics in a research note on Monday, December 9th. TD Cowen cut STMicroelectronics from a “buy” rating to a “hold” rating and reduced their price target for the stock from $32.00 to $25.00 in a research report on Monday, January 13th. Finally, Bank of America lowered STMicroelectronics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $31.26.

STMicroelectronics Stock Performance

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 stock has a market capitalization of $19.69 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The firm’s fifty day moving average price is $24.34 and its two-hundred day moving average price is $25.76.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, beating 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%. As a group, equities research analysts forecast that STMicroelectronics will post 0.85 EPS for the current year.

Institutional Trading of STMicroelectronics

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Investments LP boosted its stake in shares of STMicroelectronics by 19.4% in the fourth quarter. Two Sigma Investments LP now owns 4,475,384 shares of the semiconductor producer’s stock valued at $111,750,000 after purchasing an additional 725,684 shares during the period. JPMorgan Chase & Co. increased its position in shares of STMicroelectronics by 131.5% during the fourth quarter. JPMorgan Chase & Co. now owns 3,413,356 shares of the semiconductor producer’s stock worth $85,232,000 after purchasing an additional 1,939,088 shares in the last quarter. Voloridge Investment Management LLC lifted its stake in STMicroelectronics by 39.2% in the fourth quarter. Voloridge Investment Management LLC now owns 3,330,616 shares of the semiconductor producer’s stock valued at $83,165,000 after buying an additional 938,097 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in STMicroelectronics by 576.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,920,774 shares of the semiconductor producer’s stock worth $47,962,000 after purchasing an additional 1,636,707 shares during the period. Finally, Two Sigma Advisers LP increased its position in STMicroelectronics by 35.1% in the 4th quarter. Two Sigma Advisers LP now owns 1,886,700 shares of the semiconductor producer’s stock valued at $47,111,000 after acquiring an additional 490,000 shares during the period. 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.