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

STMicroelectronics (NYSE:STM - Get Free Report) shares 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. The stock had previously closed at $21.96.

Wall Street Analyst Weigh In

A number of analysts have recently commented on STM shares. Bank of America downgraded STMicroelectronics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. Jefferies Financial Group raised shares of STMicroelectronics from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. TD Cowen cut shares of STMicroelectronics from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $32.00 to $25.00 in a research note on Monday, January 13th. Morgan Stanley raised shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research note on Thursday, February 13th. Finally, Sanford C. Bernstein cut STMicroelectronics from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $33.00 to $26.00 in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $31.26.

STMicroelectronics Stock Down 5.3 %

The business's 50-day moving average price is $24.08 and its 200-day moving average price is $25.63. The firm has a market capitalization of $16.61 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. As a group, equities research analysts predict that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Institutional Trading of STMicroelectronics

Institutional investors have recently added to or reduced their stakes in the business. Clear Creek Financial Management LLC bought a new stake in STMicroelectronics during the fourth quarter worth approximately $468,000. Point72 Asset Management L.P. acquired a new stake in STMicroelectronics in the 3rd quarter valued at approximately $1,924,000. Callan Family Office LLC bought a new position in STMicroelectronics in the 4th quarter worth approximately $486,000. Schechter Investment Advisors LLC acquired a new position in shares of STMicroelectronics during the fourth quarter worth approximately $758,000. Finally, Raymond James Financial Inc. bought a new stake in shares of STMicroelectronics in the fourth quarter valued at approximately $1,738,000. 5.05% of the stock is currently 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.